Amount of Assets that the At-Home Spouse Can Keep When Applying for MassHealth Long-Term Care for Spouse in Nursing Home Has Increased to $113,540 for 2012

When one spouse enters a nursing home, the spouse at home (known as the “community spouse”) is allowed to keep certain assets, including the principal residence, the car, and an amount of the other assets known as the “community spouse resource allowance” (sometimes knows as the “spousal resource allowance).  The community spouse resource allowance is indexed to the U.S. Consumer Price Index, and has increased to $113,640 for the calendar year 2012. 

With careful planning, the community spouse can keep much more than the community spouse resource would seem to allow.   For more information on this topic, see my detailed post at my Massachusetts Estate Planning, Probate and Elder Law blog, entitled Protecting Assets and Maximum Income for the Community Spouse When Applying for MassHealth in 2012 to Help Pay for the Unhealthy Spouse’s Nursing Home Bills in Massachusetts

1 Comment

  1. Hi; You may remember me I’m the only LTC agent in the Estate Planning Council of Cape Cod. With 23 years of placing an average of $233,000. annually. I’d love to be your Long Term Care Coverage Resource…bringing a level of proficiency unmatched in New England. Sincerely; John Paul Sweezey

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