The Regional Rates for 2010 are:
Long Island: $11,227
NYC (5 Boroughs): $10,285
The Regional Rates are used to determine the length of Medicaid ineligibility caused by an uncompensated transfer of assets from the applicant (or spouse) during the so called "look back period." The "look back period" currently includes any transfers made from February 2006 onward.
You can find the 2010 Resource (asset) Allowance and Income limits in my December 1st, 2009 post, below.
Please don't hesitate to contact us for more information.
The New York law firm of Donlon & Associates, PC focuses exclusively on:
Estate Planning
Elder Law
Asset Protection Planning
Family Business Planning
Donlon & Associates, PC
www.donlonlaw.com
