There are three categories of Medicaid long-term care programs for which New York seniors may be eligible. What is the minimum income to qualify for Medicaid in NY? 3) Asset Spend Down Persons who have countable assets over NY Medicaids asset limit can spend down assets to become asset-eligible. In 2023, the CSMIA is $3,715.50. Depending on your family's income, your child may be eligible to join either Child Health Plus A (formerly Children's Medicaid) or Child Health Plus B. . In addition to nursing home care, NY Medicaid pays for non-medical services and supports to help frail seniors remain living at home or in the community. \};}0G% px}!ccM)tuS=;T. This field is for validation purposes and should be left unchanged. $2,050 is less than the $2,871 allowed for a 4-person household, so determine net income. Mar 3, 2022, 02:55pm EST | . PDF 2022 Income Levels for Medicaid, Child Health Plus, Essential Plan, and 2023 New York gross monthly income limits 2023 New York asset limits If you meet the income limits above, the Medicare Rights Center can help you apply for an MSP in 2023. For seniors who have income and / or asset(s) greater than the allowable amounts, Medicaid planning can be invaluable. Furthermore, the non-applicant spouse, also called a community spouse, is entitled to a minimum amount of monthly income to prevent spousal impoverishment. ** Non-MAGI budgeting for Aged, Blind and Disabled only allows a Household size of 1 or 2. When Edmund isn't working or speaking, he enjoys spending time with his family and friends. 3,403 Familiarizing oneself with general information about the application process for long-term care Medicaid can be helpful. See this article. New York State Announces 2023 Medicaid Income and Asset Levels This includes cash, stocks, bonds, investments, vacation homes, bank accounts (checking, savings, money market), and any remaining funds from Covid-19 stimulus checks. For Nursing Home Medicaid and HCBS Medicaid Waivers, a Nursing Facility Level of Care (NFLOC) is required.