individual and $30,240 for a couple in 2023 (increased in future years by the percentage increase in the CPI-U).17 An individual who applies, and is determined eligible for the LIS, can begin receiving benefits on the first day of the month in which the application was submitted. In ...
How Medicaid Is Funded Medicaid is funded by the federal government and each state. The federal government pays states for a share of program expenditures, called the Federal Medical Assistance Percentage (FMAP). Each state has its own FMAP based onper capita incomeand other criteria. The average...
If the current year’s calculation is higher, there’s a cost of living increase, expressed as a percentage. The increase is typically announced in mid-October for Social Security benefit payments beginning in January of the following year. ...