2024 Quick Reference Guide to Michigan Medicaid For Patients of a Nursing Home


 

Resource Allowances & Transfer Divisor:
Maximum Resource Allowance for Patient $2,000.00
Minimum Resource Allowance for Patient's Spouse, Effective January 1, 2024 $30,828.00
Maximum Resource Allowance Patient's Spouse, Effective January 1, 2024 $154,140.00
Prepaid Funeral Maximum, Effective June 1, 2024 $15,460.00
Home Equity Cap for Non-married client, Effective January 1, 2024 $713,000.00
Penalty Divisor for Gifts or Transfers, Effective January 1, 2024 $10,871.00
Income Allowances:
Income Allowance for Patient (if patient is a qualifying veteran add $30.00) $60.00
Minimum Income Allowance for Patient's Spouse $2,555.00
Heating & Utility Allowance for Patient's Spouse $664.00
Standard Shelter Amount/Excess Shelter Allowance for Patient's Spouse $766.50
Maximum Income Allowance for Patient's Spouse $3,853.50
Allowance for Patient's Legal Guardian $83.00
Extended Care / Waiver Income Limit (2024 Federal SSI Benefit Rate $943 * 3) $2,829.00

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