In order to access Medicaid benefits, there is an income and resource test. There are rules relating to both what is counted for each, and how they affect eligibility.
The following are the figures for 2025 in New York State:
For Medicaid Community (Home Care and Assisted Living) Benefits:
- Resource Allowance (individual): $32,396
- Resource Allowance (married couple on Medicaid): $43,781
- Income Allowance (individual): $1,799.75 per month
- Income Allowance (married couple on Medicaid): $2,433 per month
For Medicaid Institutional (Nursing Home) Benefits:
- Resource Allowance (individual): $32,396
- Income Allowance (individual): $50
- Community Spouse Resource Allowance: $157,920
- Community Spouse Minimum Monthly Maintenance Needs Allowance (Income): $3,948
Medicaid Home Equity Limit: $1,097,000
Estate and Gift Taxes:
Estate tax is a tax on property that is transferred to a beneficiary by a deceased person. Gift tax is a tax on property that is transferred to a beneficiary during the gift giver’s lifetime.
The following are the figures for New York State as of 2025:
- Federal Gift and Estate Tax Exemption: $13,990,000 ($27,980,000 for a couple)
- New York State Estate Tax Exemption: $7,160,000
- Annual Gift Tax Exclusion: $19,000 (per year/per beneficiary)
The above figures generally means that an individual could gift or leave their property to their beneficiaries and pay no estate or gift tax if they are below these figures.
To find out what all of these figures mean for your individual situation, and how you can set the optimal plan for your specific needs, call our office to schedule a consultation. See how we can help you!
