Cost of Living and Government Benefit Increases for 2018

As federal benefits increase this year, our Elder Law and Estate Planning attorneys are on hand to help you navigate these government programs, eligibility requirements and planning opportunities. Contact us at 631.390.5000.

Social Security Benefits
2% increase

2018 Veteran’s Benefits
Aid and Attendance Pension Benefit:
Single Veteran: $1,830
Married Veteran: $2,169
Surviving Spouse: $1,176

Medicare Benefits
Hospital Deductible: $1,340
Co-insurance (days 61-90): $335/day
Skilled Nursing Facility Co-insurance (days 21-100*): $167.50/day
    *if medically eligible

Medicaid Benefits
Institutional Benefits:
Resource Allowance: $15,150
Income Allowance: $50
Community Spouse Resource Allowance: $123,600
Community Spouse Income Allowance: $3,090
Home Equity Limit: $858,000

Community/Home Care Benefits:
Resource Allowance: $15,150
Income Allowance: $842
Community Spouse Resource Allowance: $22,200
Community Spouse Income Allowance: $1,233

Estate and Gift Taxes
Federal Unified Credit (tax exemption): $11,200,000 (indexed for inflation) **Subject to determination by the Tax Cuts and Jobs Act 2017. 
Annual Gift Tax Exclusion: $15,000 (per year/per beneficiary)