Archive for January, 2012

New 2012 ALTCS Numbers

The ALTCS financial requirements are quite complex and it is not uncommon for applicants to struggle with this portion of the eligibility process. Many applicants reach out to professionals, like the JacksonWhite Elder Law Department to help them arrange their financial affairs. Every 6 months the ALTCS financial requirements are evaluated. Effective January 1, 2012, there have been a few changes to note. ALTCS Financial Requirements*: Monthly Income Limit for an Individual $2,094 Resource Limit for an Individual $2,000 Maximum Community Spouse Resource Allowance $113,640 Minimum Community Spouse Resource Allowance $22,728 Maximum Monthly Maintenance Needs Allowance $2,841 Minimum Monthly Maintenance

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