NEW ALLOWABLE INCOME LIMIT and MONTHLY PENALTY DIVISOR
Rhode Island Department of Human Services – Medicaid Long Term Support Services – has advised that The Allowable Income Limit for 2022 through 3/31/2023 is $9.961 per month. Effective August 1, 2023 the new allowable income limit will be increased to $10,190.00 per month.
This figure is also used as the Penalty Period Divisor for calculating disqualifying transfers of assets. Meaning, for every $10,190 of assets transferred away where something of value was not received in return, will cause a disqualification of one (1) month of LTSS Medicaid benefits for the Applicant for those benefits.
A link to the Rhode Island Regulation on Eligibility Determinations (210-RICR-40-00-3) announcing the change can be found here. You will find the reference on page 9 of the proposed rule.