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 Needs Allowance $1,839
Personal Needs Allowance $104.70
*Effective Jan. 1, 2012
To have these numbers explained in more detail, call one of our social workers today. If you are interested in any of our free resources such as 2012 rate cards or new ALTCS guides, call an Elder Care Advisor at 1.800.243.1160 or request them on our website: www.ArizonaSeniorLaw.com/resources/
Happy New Year,
Jackson White Elder Law