“Opinion: Numbers that older workers and retirees need to know in 2020,” by Paul Brandus, MarketWatch
Quote:
“A new year and a new decade begin next week. Whether you’re retired or still working, many changes are coming that could affect you—for better and/or worse. Here’s our breakdown of what you need to know in 2020:”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
This article has key numbers for Medicare and Social Security to add to those we reported recently on Medicaid and Supplemental Security Income. By the way, the link we gave for “2020 SSI and Spousal Impoverishment Standards” from CMS, went dead. To find those numbers, write “2020 Spousal Impoverishment Numbers” in your browser’s search field. That will take you to a .pdf with the data. Here’s a summary for recent years. We archive this data all the way back to 1991 in The Zone, the Center’s Members-Only website.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
| SSI (single) | $733 | $733 | $735 | $750 | $771 | $783 | |
| SSI (couple) | 1,100 | 1,100 | 1,103 | 1,125 | 1,157 | 1,175 | |
| 300% | 2,199 | 2,199 | 2,205 | 2,250 | 2,313 | 2,349 | |
| CSRA lower limit | 23,844 | 23,844 | 24,180 | 24,720 | 25,284 | 25,728 | |
| CSRA upper limit | 119,220 | 119,220 | 120,900 | 123,600 | 126,420 | 128,640 | |
| Income transfer (Max.) | 2,980.50 | 2,980.50 | 3,022.50 | 3,090 | 3,160.50 | 3,216.00 | |
| MMMNA (annual update in July) | 1,991.25 | 2,002.50 | 2,030 | 2,057.50 | 2,113.75 | ||
| Asset limit (sing) | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
| Asset limit (cpl) | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Poverty level (cpl) | 1,310.83 | 1,335 | 1,353.33 | 1,371.66 | 1,409.17 | ||
| 150% of pov. lev. (Eff. July) | 1,991.25 | 2002.50 | 2,030.00 | 2,057.50 | 2,113.75 | ||
| Home Equity Limits | Minimum | 552,000 | 552,000 | 560,000 | 572,000 | 585,000 | 595,000 |
| Maximum | 828,000 | 828,000 | 840,000 | 858,000 | 878,000 | 893,000 | |
