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The amount of your monthly spenddown depends on your income and assets. Your local DHS Family Community Resource Center (FCRC) will send you a special notice telling you the amount of your monthly spenddown and how this amount was figured.
Medicaid eligibility income chart for nursing homes, assisted living, in-home care and other types of long term care.
Use our Illinois Medicaid Spend Down Calculator to determine if you will have to “spend down” your assets, and if so, receive an estimate of the amount.
Effective 01/01/2024, updates the various medical program income standards which are based on the Federal Poverty Level Income Guidelines. Provides information on the mass change update of medical cases effective April 2024 based on the revised income standards. Updates the Home Equity Limits.
Couple $5,962 HCBWD Family Asset Limit . $ 25,000 . Protection Against Spousal Impoverishment . ITEM 2024 Spousal Income. Allowance. Community Spouse Maintenance Needs Allowance
Financial eligibility and the applicable income limits are linked for each of the medical programs listed below. See WAG 25-03-02 for a chart showing the monthly income limits based on the current federal poverty level (FPL) for medical programs.
Pay-In Spenddown provides individuals whose income and/or assets are too high for regular Medicaid to enroll and pay their spenddown amount to the department, rather than having to accumulate bills and receipts of medical expenses on a monthly basis and provide them to the Department of Human Services, Family Community Resource Center (DHS FCRC ...
If your income or assets are above the limits, you may be able to receive Medicaid coverage by meeting what is called a “spend-down.” You can think of a spend-down as a number. Your spend-down number is the amount your income or assets go over the income limits for Medicaid eligibility.
Persons whose countable monthly income and nonexempt resources are within the appropriate income and resource standards get Medicaid coverage without having to meet a spenddown. Resources are only considered for AABD Medical.
Spenddown is an Illinois Medicaid program that helps people who are over income or have too many assets to be eligible for other Medicaid programs. This is like an insurance deductible. Individuals or families are responsible for paying for medical services until they meet the spenddown amount.