Cona Elder Law

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Medicaid Rates and Figures

Big Changes Ahead in 2023!
Contact Us for More Information.

2023 Medicaid Regional 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.

Long Island (Nassau/Suffolk)$14,136
New York City (5 Boroughs)$14,142
Central (Syracuse, Broome, Cayuga, Oswego, etc.)$11,726
Northeastern (Albany, Rensselaer, Saratoga, Schenectady, etc)$12,744
Northern Metropolitan (Westchester, Dutchess, Orange, Rockland, etc.)$13,906
Rochester (Monroe, Ontario, Seneca, etc.)$13,421
Western (Buffalo, Erie, Niagra, Genesee, etc.)$12,130

2023 Medicaid Resource & Income Allowances

The New York State Department of Health has issued resource and income allowances for the year 2023. All figures are effective as of January 1, 2023.

Institutional/Nursing Home Care 
Applicant Resource Allowance$28,133
Community Spouse Resource Allowance$148,620
(maximum)
  
Applicant Income Allowance$50
Community Spouse Minimum Monthly
Maintenance Needs Allowance
$3,715.50
  
Community Based Care (Home Care, etc.) 
Applicant Resource Allowance$28,133
Applicant Income Allowance$1,563

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.

2023 Social Security Benefits

8.7% increase

2023 Veteran’s Benefits

Aid and Attendance Pension Benefit:

  • Single Veteran: $2,229
  • Married Veteran: $2,642
  • Surviving Spouse: $1,567

2023 Medicare Benefits

  • Hospital Deductible: $1,600
  • Co-insurance (days 61-90): $400/day
  • Skilled Nursing Facility Co-insurance (days 21-100*): $200/day
    *if medically eligible

2023 Medicaid Benefits

Institutional Benefits:

  • Resource Allowance: $28,133
  • Income Allowance: $50
  • Community Spouse Resource Allowance: $148,620
  • Community Spouse Income Allowance: $3,715.50
  • Home Equity Limit: $1,033,000

Community/Home Care Benefits

  • Resource Allowance: $28,133
  • Income Allowance: $1,563
  • Community Spouse Resource Allowance: $29,724
  • Community Spouse Income Allowance: $2,106

Estate and Gift Taxes

  • Federal Estate Tax Exemption: $12,920,000
  • New York State Estate Tax Exemption: $6,580,000
  • Annual Gift Tax Exclusion: $17,000 (per year/per beneficiary) 

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