Florida Elder Law Numbers for 2012

• Medicaid Spousal Impoverishment Figures for 2012
  • The new minimum community spouse resource allowance (CSRA) is $22,728, and the new maximum CSRA is $113,640. The new maximum monthly maintenance needs allowance is $2,841. The minimum monthly maintenance needs allowance remains $1,838.75 until July 1, 2012.
• Income cap
  • The income cap for 2012 applicable in "income cap" states will be $2,094 a month.
• Medicaid home equity limit
  • Minimum: $525,000; Maximum: $786,000
• Medicare Premiums, Deductibles and Copayments for 2012
  • Basic Part B premium: $99.90/month (was $96.40 for most beneficiaries)
  • Part B deductible: $140 (was $162)
  • Part A deductible: $1,156 (was $1,132)
  • Co-payment for hospital stay days 61-90: $289/day (was $283)
  • Co-payment for hospital stay days 91 and beyond: $578/day (was $566)
  • Skilled nursing facility co-payment, days 21-100: $144.50/day (was $141.50)
• Premiums for higher-income beneficiaries:
  • Individuals with annual incomes between $85,000 and $107,000 and married couples with annual incomes between $170,000 and $214,000 will pay a monthly premium of $139.90 (was $161.50).
  • Individuals with annual incomes between $107,000 and $160,000 and married couples with annual incomes between $214,000 and $320,000 will pay a monthly premium of $199.80 (was $230.70).
  • Individuals with annual incomes between $160,000 and $214,000 and married couples with annual incomes between $320,000 and $428,000 in 2010 will pay a monthly premium of $259.70 (was $299.90).
  • Individuals with annual incomes of $214,000 or more and married couples with annual incomes of $428,000 or more in 2010 will pay a monthly premium of $319.70 (was $369.10).
• Social Security Benefit Changes for 2012
  • Monthly federal Supplemental Security Income (SSI) payment standard will be $698 for an individual and $1,048 for a couple.
  • Average monthly Social Security retirement payment: $1,229 a month (was $1,186) for individuals and $1,994 (was $1,925) for couples
  • Maximum amount of earnings subject to Social Security taxation: $110,100 (was $106,800).

View more information from Marc J. Soss at http://www.fl-estateplanning.com/ and http://info.fl-estateplanning.com/

Marc Soss' practice focuses on estate and tax planning; probate and trust administration and litigation; guardianship law; and corporate law in Southwest Florida.  Marc is a frequent contributor to LISI and has published articles and been quoted in the Florida Bar, Rhode Island Bar, North Carolina Bar, Association of the United States Navy, Lawyers USA, Military.Com, Forbes.Com, and CNN Business. Marc also serves as an officer in the United States Naval Reserve.

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