Medicaid Income and Asset Limits

Oklahoma Key Amounts:

Average Cost of Nursing Home 

$175 - $185 per day

Individual Resource Allowance

$2,000

Divestment Penalty Divisor

$179.57 per day

Personal Needs Allowance

$75 per month

Income Cap (without use of Qualified Income Trust)

$2,382 per month

Income Cap (with use of Qualified Income Trust)

$5,462 per month

Minimum Community Spouse Resource Allowance

$26,076

Maximum Community Spouse Resource Allowance

$130,380

Spousal Monthly Maintenance Needs Allowance

$3,260

Does Oklahoma count IRAs and Retirement Accounts?

Yes, both applicant and spouse