When You Reach Out
We’ll Be Here for You
Every Step of the Way

New Medicaid and Medicare Figures for 2024

Medicaid

For those individuals receiving SSI or Medicaid, the federal government has announced the spousal impoverishment figures for 2024. The official spousal impoverishment allowances for 2024 are as follows:

  • Minimum Monthly Maintenance Needs Allowance (MMMNA): $2,465
  • Maximum Monthly Maintenance Needs Allowance: $3,853.50
  • Minimum Community Spouse Resource Allowance: $30,828
  • Maximum Community Spouse Resource Allowance: $154,140
  • Medicaid Waiver Benefits Income Cap: $2,742.00 per month

The new monthly federal Supplemental Security Income (SSI) payment standards for 2024 is $943 for an individual and $1,415 for a couple.

CMS has also released the new Medicare premiums, deductibles, and co-payments for 2024.

  • Standard Part B premium: $174.70/month (was $164.90 in 2023)
  • Part B deductible: $240 ($226 in 2023)
  • Part A deductible: $1,632 (was $1,600 in 2023)
  • Co-payment for hospital stay days 61-90: $408/day (was $400 in 2023)
  • Co-payment for hospital stay days 91-150: $816/day (was $800 in 2023)
  • Skilled nursing facility co-payment, days 21-100: $204/day (was $200 in 2023)
Related Articles