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
3.6% increase

Veteran’s Benefits
Aid and Attendance Pension Benefit:
Single Veteran: $1,704
Married Veteran: $2,020
Surviving Spouse: $1,094

Medicare Benefits
Hospital Deductible: $1,156
Co-insurance (days 61-90): $289/day
Skilled Nursing Facility Co-insurance (days 21-100*): $144.50/day
    *if medically eligible

Medicaid Benefits
Institutional Benefits:
Resource Allowance: $14,250
Income Allowance: $50
Community Spouse Resource Allowance: $113,640
Community Spouse Income Allowance: $2,841

Community/Home Care Benefits:
Resource Allowance: $14,250
Income Allowance: $792
Community Spouse Resource Allowance: $20,850
Community Spouse Income Allowance: $1,159

Estate and Gift Taxes
Federal Unified Credit (tax exemption): $5,120,000 (indexed for inflation)
Annual Gift Tax Exclusion: $13,000 (per year/per beneficiary) (unchanged from 2011)