Many elderly New York residents rely on Medicaid benefits to provide them with access to necessary medical care and assistance with daily activities. To receive Medicaid, there are specific qualifications that one must meet. However, recent changes to New York Medicaid limits have been adopted in 2023, and it is crucial that you fully understand how these changes may affect you.
Fratello Law is a community-based New York law firm with extensive experience in assisting clients who are in need of long-term care and looking for help understanding the new changes to Medicaid limits, their eligibility and asset protection. Some of the biggest misconceptions regarding Medicaid is that one “makes too much money” or “has too many assets” to qualify for Medicaid. It is imperative that you get the help of one of our trusted lawyers to better understand if you qualify for Medicaid or if you may qualify in the future and how to best protect your assets and income through the process. We are a small firm with a big heart that focuses on building high-quality relationships with our clients as we help them pursue the medical benefits they need.
What Are the New Changes in New York Medicaid Limits?
Medicaid is a health care benefits program for individuals of all ages, with eligibility requirements depending on individual circumstances. Eligibility groups include the following:
- Low-income individuals
- Pregnant women
- Children
- Disabled or Blind individuals
- New Yorkers who are 65 years old and over
When a senior, disabled, or blind individual is in need of long-term care, Medicaid can cover the cost of nursing home care or home health aides to assist with activities of daily living in your home or a licensed assisted living facility Medicaid benefits can provide support to help seniors remain living at home or in their communities. In 2023, new changes have been made to the income and asset limits for Medicaid eligibility. Seniors in New York must meet financial eligibility and have a medical need for care. New resource and income limits for the various types of Medicaid available to disabled, blind or individuals 65 or older in New York is as follows:
Nursing Home Medicaid
A single individual or Married individual with only one spouse applying for Nursing Home Medicaid in New York:
- Have individual assets under $30,182
- Require the level of care provided in a nursing home facility
Married couples who are both applying for benefits must meet the following criteria:
- Have joint assets under $40,821
- Require the level of care provided in a nursing home facility
Home and Community-Based Services
Single applicants or Married applicants with only one spouse applying in New York must meet the following criteria in 2023:
- Income: $1,677 per month*
- Have individual assets under $30,182
- Require assistance with activities of daily living
Spouses who are both applying must meet the following criteria:
- Income: $2,268 per month*
- Have assets under $40,821
- Require assistance with activities of daily living
Please note that there are many approaches to asset protection, obtaining eligibility and protecting income when it comes to planning and applying for Medicaid. It is essential you know your options and options for a loved one in need of long-term care. To better understand whether you or a loved one may qualify for this type of Medicaid in New York, speak with a trusted lawyer.
Speak With a Medicaid Lawyer in New York Today
Fratello Law is a New York law firm with experience helping a wide age range of clients who are looking for assistance with the Medicaid application process. We are a small firm with a big heart that focuses on building high-quality relationships with our clients to assist them with their Medicaid needs.
For a no-cost initial consultation, contact us here or call (631) 406-5580.