Passing along this info regarding the 2022 asset limits for Extra Help and the Medicare Savings Programs (in states that align with the federal limit).

 

We will be updating our eligibility charts in early 2022 once the federal poverty guidelines are released (usually late January).

 

Brandy Bauer (she, her, hers)

Director, MIPPA Resource Center
571-527-3911
ncoa.org | @NCOAging

 

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From: ACL-OHIC (ACL)
Sent: Tuesday, October 26, 2021 8:11 AM
To: xxxxxx@LIST.NIH.GOV
Subject: CMS: 2022 Resource and Cost-Sharing Limits for Low-Income Subsidy (LIS)

 

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Please see the attached HPMS memorandum titled “2022 Resource and Cost-Sharing Limits for Low-Income Subsidy (LIS)” from Jennifer R. Shapiro, Director, Medicare Plan Payment Group. An excerpt appears below outlining the 2022 Extra Help/LIS resource (asset) limits and pending update for income limits.

The 2022 resource limits are $8,400 ($12,600 if married) for the full low-income subsidy and $14,010 ($27,950 if married) for the partial low-income subsidies. If beneficiaries notified the Social Security Administration (SSA) that they expect to use some of their resources for burial expenses, pursuant to 20 CFR § 416.1231, the 2022 resource limits are $9,900 ($15,600 if married) for the full low-income subsidy and $15,510 ($30,950 if married) for the partial low-income subsidies. Please see the attached notice for more information regarding the methodology that CMS used to update the low-income subsidy resource limits and cost-sharing amounts for 2022.

CMS is also required to update income standards for the low-income subsidies each year and will release the 2022 income standards for the low-income subsidies in early 2022, after the 2022 Federal poverty levels (FPL) are released. 

 

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