The Centers for Medicare & Medicaid Services (CMS) has released updated SSI, Spousal Impoverishment, and Medicare Savings Program income and resource standards for 2024, including many increased thresholds:
- Supplemental Security Income (SSI) Federal Benefit Rate: Individual $943 / Couple $1,415
- SSI Resource Standard: Individual $2,000 / Couple $3,000
- Income Cap Limit (300%): Individual $2,829 / Couple N/A
- Earned Income Break Even Point: Individual $1,971 / Couple $2,915
- Unearned Income Break Even Point: Individual $963 / Couple $1,435
- Substantial Gainful Activity (SGA) Limit: $1,550 (BlindSGA: $2,590)
- CPI Increase for 2024 3.7%
- CPI Increase, Since September 1988: 156.9%
- Minimum Monthly Maintenance Needs Allowance (MMMNA): $2,465
- Maximum Monthly Maintenance Needs Allowance: $3,853.50
- Community Spouse Monthly Housing Allowance: $739.50
- Community Spouse Resources: Minimum Resource Standard $30,828 / Maximum Resource Standard $154,140
- Home Equity Limits: Minimum $713,000 / Maximum $1,071,000
For more information, see the CMS Bulletin.