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Elder Law Library for Attorneys
Key Dollar Figures and Interest Rates
News about the Bank Rate Monitor Index.
The MassHealth regulations now mandate the use of the highest rate quoted in "The Bank
Rate Monitor Index" as of the hearing date for any term not exceeding 2.5 years. These rates can be found in the Member Eligibility Library on the MassHealth web site. 130 CMR 520.017(C).
Key Numbers
| Minimum Monthly Maintenance Needs Allowance |
$1,750 (effective July 1, 2007 thru June 30, 2009) |
| Maximum Monthly Maintenance Needs Allowance |
$2,739 |
| Maximum Community Spouse Resource Allowance |
$109,560 |
| Transfer Divisor (per day) |
$274 |
| Transfer Divisor (per 30-day month) |
$8,010 |
| Resource Allowance for Individual |
$2,000 |
| Resource Allowance for Community Married Couple |
$3,000 |
| Monthly Personal Needs Allowance |
$72.80 |
| Base Monthly Shelter Allowance |
$1,750 |
| Excess Shelter Allowance |
$525 |
| Base Allowance (difference between Base Monthly and Excess Shelter Allowance) |
$1,225 |
| Utility Allowance (heat included in Community
Spouse rent) |
$612 |
| Utility Allowance (Community Spouse pays for heat) |
$375 |
Medicare Part B Standard Monthly Premium
*Note: Beginning in 2007, individuals with income exceeding $80,000 and married couples with income exceeding $160,000 will pay a higher Part B premium based on their income reported on their most recently filed federal income-tax return. For more information, see Social Security's publication, Medicare Part B Premiums: New Rules For Beneficiaries With Higher Incomes 2006. |
$96.40 |
Page last updated May 13, 2009
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