Each new year Medicare premiums, Social Security earnings, tax limits, and the minimum wage change. The same will happen on January 1, 2017. Here is a summary of the important numbers you need for your retirement, estate planning, and special needs planning:
| Medicare Part A | |
| Hospital Co-Pay per Benefit Period | $1,316.00 |
| Skilled Nursing Facility Per Day Co-Pay for Days 1 – 20 | $0.00 |
| Skilled Nursing Facility Per Day Co-Pay for Days 21 – 100 | $164.50 |
| Medicare Part B | |
| Premium Per Month for Individuals with less than $85,000/year income | $134.00 / $109.00 |
| Premium Per Month for Individuals making more than $85,000/year | $187.50 – $428.60 |
| Yearly Deductible | $183.00 |
| Social Security | |
| Cost of Living Adjustment (COLA) | 0.3% |
| Maximum Benefit at Full Retirement | $2,687.00 |
| Maximum Taxable Earnings | $127,200.00 |
| Substantial Gainful Activity Limit (Not Blind) | $1,170.00 |
| Substantial Gainful Activity Limit (Blind) | $1,950.00 |
| Supplemental Security Income (SSI) | |
| Individual Maximum Benefit Rate | $735.00 |
| Couple Maximum Benefit Rate | $1,103.00 |
| Individual Maximum Resource Limit | $2,000.00 |
| Couple Maximum Resource Limit | $3,000.00 |
| Medicaid (SSI Related Programs) | |
| Individual Income Limit | $2,205.00 |
| Individual Asset Limit (Countable Assets) | $2,000.00 |
| Couple Asset Limit (Countable Assets) | $3,000.00 |
| Maximum Community Spouse Resource Allowance | $120,900.00 |
| Minimum Community Spouse Resource Allowance | $24,180.00 |
| Maximum Monthly Maintenance Needs Allowance (until 6/30/17) | $3,022.50 |
| Minimum Monthly Maintenance Needs Allowance (until 6/30/17) | $2,002.50 |
| Minimum Home Equity Limit | $560,000.00 |
| Maximum Home Equity Limit | $840,000.00 |
| Gift & Estate Tax | |
| Gift Tax Exemption | $5,490,000.00 |
| Estate Tax Exemption | $5,490,000.00 |
| Annual Gift Tax Exclusion | $14,000.00 |
| Miscellaneous Important Numbers | |
| Florida Hourly Minimum Wage | $8.10 |
| Montana Hourly Minimum Wage | $8.15 |
| Federal Hourly Minimum Wage | $7.25 |
| IRS Mileage Rate Per Mile | 53.5 cents |
| Florida Medicaid Transfer Penalty Divisor (until 5/30/17) | $8,662.00 |
| Montana Medicaid Transfer Penalty Divisor (2016) | $6,476.01 |
