Some Oregon Medicaid Rules
(The numbers below change frequently - check with your
attorney or
Oregon Seniors and People with Disabilities to stay current)
- Applicant's Income Limit:
$1,911 gross income per month
(including Medicare Part B premium)
!BUT if applicant's income exceeds this,
talk with your attorney about an Income Cap Trust or court order for increased
spousal support.
- Resource Limits:
If applicant is a single person: $2,000
If applicant is a married person, then in addition to the
applicant's $2,000, the well spouse may keep either:
- 1/2 of combined resources, up to $104,400 maximum, OR...
- Minimum of $20,880 of combined resources
For example: If a
couple has combined countable resources of $100,000, the well spouse can
keep 1/2 of $100,000 or $50,000. They must spend the excess down to the
Applicant's $2,000 limit, or in other words they must "spend down" $48,000
before the Applicant can qualify for Medicaid.
For example: If a couple has combined countable resources of
$300,000, the well spouse can keep 1/2 of $300,000 up to a maximum of $104,400.
The ill spouse may keep up to $2,000. So, they must spend the excess down to
their combined limit of $106,400, or in other words they must "spend down"
$193,600 before the Applicant can qualify for Medicaid.
For Example: If a couple has combined countable resources of
$20,000, they can keep all of their assets up to $20,880 or the entire
$20,000.
- Transfer of Applicant's income to the community Spouse:
If community spouse's income is less than $1,712/mo,
she/he can receive increased amount of resources that generate income to bring
her/his income up to $1,712.
Other rules apply. Get advice from us.
Visit with us to learn about exempt resources and strategies to preserve
assets of the resource limits.
NOTE: THESE NUMBERS CHANGE FREQUENTLY!: Last updated May 6, 2008.
|
