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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