Release of 2024 Supplemental Security Income (SSI), Spousal Impoverishment, and Medicare Savings Program Resource Standards

Recently, the Centers for Medicare & Medicaid Services (CMS) released the 2024 Supplemental Security Income (SSI) and Spousal Impoverishment Standards, and the 2024 Medicare Savings Program resource standards. Certain Medicaid income and resource standards are adjusted beginning each January in accordance with changes in the SSI federal benefit rate (FBR) and the Consumer Price Index (CPI). The MSP groups are mandatory Medicaid eligibility groups that provide coverage of some or all Medicare Part A and B premiums and cost-sharing for low-income Medicare beneficiaries. The resource standards for the MSP groups are based on the SSI resource standard, which is set forth in statute...