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For Medicare Savings Programs (BEM 165) the asset limit is: • For an asset group of one: • $9430 effective January 1, 2024. • $9,090 effective January 1, 2023. • $8,400 effective January 1, 2022. • $7,970 effective January 1, 2021. • $7,860 effective January 1, 2020. • For an asset group of two:
30 maj 2024 · Michigan seniors must have limited income and assets, and a medical need to qualify for Medicaid long-term care. In 2024, a single Nursing Home Medicaid applicant must meet the following criteria: 1) Income under $2,829 / month 2) Assets under $2,000 3) Require a Nursing Home Level of Care.
In Michigan, there is traditional Medicaid (TM) and the Healthy Michigan Plan (HMP). HMP started in 2014 as part of the Affordable Care Act. To be eligible for either HMP or TM, you must meet certain income limits, asset limits, or both.
Individuals eligible for the Plan First benefit include those of any age or gender who have income at or below 195% of the Federal Poverty Level (FPL), are residents of the State of Michigan, and meet Medicaid citizenship requirements. For more information, visit Plan First (michigan.gov).
There is an income and asset limit. If you earn a substantial income from work, you may have to pay a premium (monthly payment) on your coverage. The premium amount increases the more money you make.
You qualify for Medicaid in Michigan with a household income up to the following limits (the eligibility calculations include a built-in 5% income disregard, which are included in these limits): 217% of the federal poverty level (FPL) for children up to age 18.
Income Limits Effective: April 1, 2024 County Program 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person Alcona EXTREMELY LOW 16750 20440 25820 31200 36580 41960 47340 52550 Alcona VERY LOW (50% AMI) 27900 31850 35850 39800 43000 46200 49400 52550 Alcona LOW (80% AMI) 44600 51000 57350 63700 68800 73900 79000 84100
