Cona Elder Law


Government Benefit Rates

2024 Medicaid Rates

The following figures represent the Department of Health's assessment as to the average cost of nursing home care in each region. These figures are used to calculate Medicaid penalty periods for gifts and asset transfers. Effective January 1, 2024.

Long Island (Nassau/Suffolk)$14,668
New York City (5 Boroughs)$14,273
Central (Syracuse, Broome, Cayuga, Oswego, etc.)$12,196
Northeastern (Albany, Rensselaer, Saratoga, Schenectady, etc)$13,235
Northern Metropolitan (Westchester, Dutchess, Orange, Rockland, etc.)$14,165
Rochester (Monroe, Ontario, Seneca, etc.)$14,419
Western (Buffalo, Erie, Niagra, Genesee, etc.)$12,241

2024 Medicaid Resource & Income Allowances

The New York State Department of Health has issued resource and income allowances for the year 2024. All figures are effective as of January 1, 2024.

Institutional/Nursing Home Care 
Applicant Resource Allowance (Individual)
Applicant Resource Allowance (Couple)
Community Spouse Resource Allowance$154,140
Applicant Income Allowance$50
Community Spouse Minimum Monthly
Maintenance Needs Allowance
Community Based Care (Home Care, etc.) 
Applicant Resource Allowance (Individual)
Applicant Resource Allowance (Couple)
Applicant Income Allowance (Individual)
Applicant Income Allowance (Couple)

Government Benefit Increases

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 631.405.4857.

2024 Social Security Benefits

3.2% increase

2024 Veteran’s Benefits

Aid and Attendance Pension Benefit:

  • Single Veteran: $2,300
  • Married Veteran: $2,727 
  • Surviving Spouse: $1,478

2024 Medicare Benefits

  • Hospital Deductible: $1,632
  • Co-insurance (days 61-90): $408/day
  • Skilled Nursing Facility Co-insurance (days 21-100*): $204/day
    *if medically eligible

2024 Estate and Gift Taxes

  • Federal Estate Tax Exemption: $13,610,000 (single)
  • Federal Estate Tax Exemption: $27,220,000 (married)
  • New York State Estate Tax Exemption: $6,940,000
  • Annual Gift Tax Exclusion: $18,000 (per year/per beneficiary) 

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