Community Spouse Resource Allowance

Posted on November 24, 2010

0


 
The Community Spouse’s Resource Allowance are monies that the government must reserve for the wife or husband of an elderly or disabled person who is in a facility such as a nursing home or hospital.
 
This is because institutionalization can wipe out the assets of married people, including the non-disabled spouse.
 
In 1988, Congress enacted provisions to prevent  this from happening. The Protected Resource Allowance indicates the level of savings that the non-afflicted family member can keep when the husband or wife is made eligible for Medicaid. The amount is generally half of the amount of assets from the first day of continuous committed institutionalization of the afflicted spouse.

Call Axsmith Law for specific assistance.   See Axsmith.net for more information.  Christine Axsmith, Esq. has considerable foreclosure prevention experience and her credentials can be reviewed at LinkedIn.

Advertisements