Updated Dollar Amounts in 2015

Social Security and VA pension numbers will change in 2015, with Medicaid numbers staying the same in Illinois. Here’s what you can expect:

VA Pensions and Social Security will increase by 1.7% in 2015

Effective December 31, 2014 (but not seen in your checks until Feb. 1, 2015) the social security benefit and VA pensions will increase by 1.7%. The new numbers for the VA are as follows:

Veteran – Aid & Attendance – $1788/mo (up from $1759)

Veteran w/1 Dependent – Aid & Attendance – $2120/mo (up from $2085)

Widow – Aid & Attendance – $1149/mo (up from $1130)

Medicaid Restrictions for 2015

The Individual Resource Allowance is $2000

The Community Spouse Resource Allowance is $109,560

The Monthly Maintenance Needs Allowance is $2739

In 2015, if you are in a full time nursing facility and Medicaid is paying for your care, you will still only be allowed to keep $30/mo as an allowance for extras.

Confused?

If none of this makes sense to you, and you have a loved one who is facing long-term care, please give us a call right away. There is help for the skyrocketing costs of long-term care. There are ways to make sure your loved one gets the best care possible, but it takes expert planning, an understanding of the complicated laws and a familiarity with the government systems that need to be navigated. Our team is very experienced with VA and Medicaid applications. We save families tons of time, money and stress everyday by walking them through the process. Tarina would be happy to speak with you about your situation to see what the best first step might be. And you will never be pressured.