How much are the 2025 Medicare benefit deductibles?
- Hospital deductible: $1,676.
- Co-insurance (days 61-90): $419/day.
- Skilled nursing facility co-insurance (days 21-100): $209.50/day.
How much are the 2025 Institutional/Nursing Home (“INH”) and Community/Home Care (“CHR”) Medicaid  resource and income allowances?
- INH & CHR resource allowance $32,396(Single); $43,781 (Couple).
- INH income allowance $50.
- CHR income allowance $1800 (Single); $2343 (Couple).
- INH community spouse resource allowance $74,820 to $157,920.
- INH community spouse income allowance $3,948.
- Home equity limit $1,097,000.
What are the 2025 NY Medicaid Regional Rates for calculating gift penalties?
The dollar value of transfers or gifts made during the past five years, divided by the average monthly cost of nursing home care is used to calculate the number of months of ineligibility for Medicaid institutional services. The regional rates for the average monthly costs of nursing home care for:
- Buffalo/WNY (Erie, Niagara, Genesee, etc.): $12,842.
- Rochester (Monroe, Ontario, Seneca, etc.): $15,127.
- Long Island (Nassau and Suffolk): $14,914.
- NYC: $14,582.
- Syracuse/Central(Broome, Cayuga, Oswego, etc.): $13,042.
- Albany/Northeastern(Rensselaer, Saratoga, etc.): $13,916; and
- Northern Metropolitan (Westchester, Dutchess, Orange, Rockland, etc.): $14,569.
For example, a WNY nursing home resident’s gifts of $128,420 divided by the regional rate of $12,842 would result in a ten-month penalty. Therefore, the resident would have to private pay the nursing home for at least ten months.
What are the 2025Â Estate and Gift Tax exemptions?
- S. Estate Tax exemption: $13,990,000.
- New York State Estate Tax Exemption: $7,160,000.
- S. annual gift tax exclusion: $19,000 per year/per beneficiary.
How much are the 2025 VA Aid and Attendance Pension Monthly Benefits?
- Veteran with no spouse or dependent child $2358.
- Veteran with a spouse or a dependent child $2,795.
- Surviving spouse with no dependent child $1,515.
Call or text the experienced New York Elder Law Attorneys at Friedman & Ranzenhofer, PC at 716.543.3764 for a free consultation on preserving your assets.
