Key Numbers:
- $15,000: Annual gift tax threshold (federal and CT)
- $9.1 million: Lifetime combined gift and estate tax threshold (CT)
- $12.06 million: Lifetime combined gift and estate tax threshold (federal)
- $1,600: Medicaid (Title XIX, Title 19) asset limit
- $27,480: Medicaid minimum Community Spouse Protected Amount (see Spousal Medicaid Asset Protection)
- $137,400: Medicaid maximum Community Spouse Protected Amount (see Spousal Medicaid Asset Protection)
- $2,523: Medicaid home care income cap (see Medicaid Income Protection)
- $2,177.50: Medicaid Minimum Monthly Needs Allowance (MMNA) for spouse (see Medicaid Income Protection)
- $3,435: Medicaid maximum MMNA for spouse depending on housing costs (see Medicaid Income Protection)
- $955,000: Medicaid maximum home equity exemption if no spouse in house
- $332,712: Minimum allowable gift to resident caregiver who meets criteria (see Avoid Medicaid’s Look-Back Period)
- No limit: Value of allowable house transfer to caregiver child who meets criteria (see Avoid Medicaid’s Look-Back Period)
- $13,863: Medicaid penalty period divisor for calculating penalty periods (see Avoid Medicaid’s Look-Back Period)
- 1 month: Medicaid minimum penalty period (see Avoid Medicaid’s Look-Back Period)
- $75: Medicaid personal needs allowance for nursing home residents
- $138,489: VA Aid and Attendance protected asset limit (See VA Asset Protection)
- $2,050: VA maximum pension with Aid and Attendance for single veteran (See VA Excess Income Protection)
- $2,431.25: VA maximum pension with Aid and Attendance for married veteran (See VA Excess Income Protection)
- $1,318: VA maximum pension with Aid and Attendance for surviving spouse (See VA Excess Income Protection)
