2020 Government Benefit Increases

As federal benefits increase this year, our Elder Law and Estate Planning attorneys are on hand to help you navigate these government programs, eligibility requirements and planning opportunities. Contact us at 718-210-4744.

Social Security Benefits

1.6% increase

2020 Veteran’s Benefits

Aid and Attendance Pension Benefit:

  • Single Veteran: $1,912
  • Married Veteran: $2,266
  • Surviving Spouse: $1,230

2019 Medicare Benefits

  • Hospital Deductible: $1,364 (2020: $1,408)
  • Co-insurance (days 61-90): $341/day
  • Skilled Nursing Facility Co-insurance (days 21-100*): $170.50/day
    *if medically eligible

Medicaid Benefits

Institutional Benefits:

  • Resource Allowance: $15,750
  • Income Allowance: $50
  • Community Spouse Resource Allowance: $128,640
  • Community Spouse Income Allowance: $3,216
  • Home Equity Limit: $878,000

Community/Home Care Benefits

  • Resource Allowance: $15,750
  • Income Allowance: $875
  • Community Spouse Resource Allowance: $23,100
  • Community Spouse Income Allowance: $1,284

Estate and Gift Taxes

  • Federal Estate Tax Exemption: $11,580,000
  • New York State Estate Tax Exemption: $5,740,000
  • Annual Gift Tax Exclusion: $15,000 (per year/per beneficiary)