CMS releases CSRA and Home Equity Limits for 2019

The Centers for Medicare and Medicaid Services (CMS) released the Community Spousal Resource Allowance and Home Equity Limits for 2019.  The official  allowances for 2019 are as follows:

• Minimum Community Spouse Resource Allowance: $25,284;
• Maximum Community Spouse Resource Allowance: $126,420;
• Maximum Monthly Maintenance Needs Allowance: $3,160.50;
• Minimum Monthly Maintenance Needs Allowance:  $2,057.50.

The aforementioned Minimum Monthly Maintenance Needs Allowance is for the lower 48 states; the specific allowance for Alaska is $2,572.50 and for Hawaii is $2,366.25.  The Minimum Monthly Maintenance Needs Allowance is the current allowance until July 1, 2019.

The Home Equity Limits are:

• Minimum: $585,000;
• Maximum: $878,000.

The new figures can be found here.

ProSeniors keeps and maintains a complete list of most limits and allowances for various government programs and benefits available to seniors, which list you will find here.