Cost of Living and Government Benefit Increases for 2017

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
0.3% increase

Veteran’s Benefits
Aid and Attendance Pension Benefit:
Single Veteran: $1,794
Married Veteran: $2,127
Surviving Spouse: $1,153

Medicare Benefits
Hospital Deductible: $1,316
Co-insurance (days 61-90): $329/day
Skilled Nursing Facility Co-insurance (days 21-100*): $164.50/day
    *if medically eligible

Medicaid Benefits
Institutional Benefits:
Resource Allowance: $14,850
Income Allowance: $50
Community Spouse Resource Allowance: $120,900
Community Spouse Income Allowance: $3,022.50
Home Equity Limit: $840,000

Community/Home Care Benefits:
Resource Allowance: $14,850
Income Allowance: $825
Community Spouse Resource Allowance: $21,750
Community Spouse Income Allowance: $1,209

Estate and Gift Taxes
Federal Unified Credit (tax exemption): $5,490,000 (indexed for inflation)
Annual Gift Tax Exclusion: $14,000 (per year/per beneficiary)