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What your state lets you keep effective 1/1/2018

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The table below gives the minimum assets and income each state allows nursing-home residents and their spouses to keep. The federal government sets new minimum and maximum amounts each year, but states can set their own minimum requirements at any level between the federal limits.

State Your asset allowance Your spouse’s minimum asset allowance Your personal monthly needs allowance Your spouse’s minimum monthly income allowance
Alabama* $2,000 $25,000 $30 $2,030
Alaska* $2,000 $123,600 $200 $3,090
Arizona* $2,000 $24,720 $110 $2,030
Arkansas* $2,000 $24,720 $40 $2,030
California $2,000 $123,600 $35 $3,090
Colorado* $2,000 $123,600 $79 $2,030
Connecticut $1,600 $123,600 $60 $2,030
Delaware* $2,000 $25,000 $50 $2,030
District of Columbia $2,600 $123,600 $70 $3,090
Florida* $2,000 $123,600 $105 $2,030
Georgia* $2,000 $123,600 $50 $3,090
Hawaii $2,000 $123,600 $50 $3,090
Idaho* $2,000 $24,720 $40 $2,030
Illinois $2,000 $123,600 $30 $3,090
Indiana $1,500 $24,720 $52 $2,030
Iowa* $2,000 $24,000 $50 $3,090
Kansas $2,000 $24,720 $62 $2,030
Kentucky $2,000 $24,180 $40 $2,030
Louisiana $2,000 $123,600 $38 $3,090
Maine $2,000 $123,600 $70 $2,030
Maryland $2,500 $24,720 $77 $2,030
Massachusetts $2,000 $24,720 $72.80 $2,030
Michigan $2,000 $24,720 $60 $2,030
Minnesota $3,000 $33,851 $97 $2,030
Mississippi* $2,000 $123,600 $44 $3,090
Missouri $2,000 $24,720 $50 $2,030
Montana $2,000 $24,720 $50 $2,030
Nebraska $4,000 $24,720 $60 $3,090
Nevada* $2,000 $24,720 $35 $2,030
New Hampshire $2,500 $24,720 $70 $2,030
New Jersey $2,000 $24,720 $50 $2,030
New Mexico* $2,000 $31,290 $69 $2,030
New York $4,150 $74,820 $50 $3,090
North Carolina $2,000 $24,720 $30 $2,030
North Dakota $3,000 $123,600 $65 $2,267
Ohio $1,500 $24,720 $45 $2,030
Oklahoma* $2,000 $25,000 $50 $3,090
Oregon* $2,000 $24,720 $61.38 $2,030
Pennsylvania $2,400 $24,720 $45 $2,030
Rhode Island $4,000 $24,720 $50 $2,030
South Carolina* $2,000 $66,480 $30 $3,090
South Dakota* $2,000 $24,720 $60 $2,030
Tennessee* $2,000 $24,720 $50 $2,030
Texas* $2,000 $24,720 $60 $3,090
Utah $2,000 $24,720 $45 $2,030
Vermont $2,000 $123,600 $47.66 $2,030
Virginia $2,000 $24,720 $40 $2,030
Washington $2,000 $54,726 $58.43 $2,030
West Virginia $2,000 $24,720 $50 $2,030
Wisconsin $2,000 $50,000 $45 $2,670
Wyoming* $2,000 $123,600 $50 $3,090

 

* These are “income cap” states. If your income is higher than $2,250 a month, you cannot qualify for Medicaid even after spending down all assets, unless you set up a Miller trust.

 
 
 


LTC Consultants provides long-term care insurance training to agents and educates consumers with information about long term care insurance. This website contains reports and articles about caregiving, assisted living, nursing homes, aging, senior living and elder care, home health care and other long-term care related articles. Order Phyllis Shelton’s Protecting Your Family with Long-Term Care Insurance with articles about whether or not to self-insure or buy combo life insurance and annuity policies or a traditional LTC insurance plan. The book also contains ideas for people who don't qualify for LTC insurance such as Medicaid, life settlements, reverse mortgages, critical illness and also contains in-depth information about Medicare, Medicare Advantage and Medicare Supplements.

 

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