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Each new year Medicare premiums, Social Security earnings, tax limits, and the minimum wage change.  Here is a summary of the important 2018 numbers you need for your retirement, estate planning, and special needs planning:

Medicare Part A
Hospital Co-Pay per Benefit Period $1340.00
Skilled Nursing Facility Per Day Co-Pay for Days 1 – 20 $0.00
Skilled Nursing Facility Per Day Co-Pay for Days 21 – 100 $167.50
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-$482.60
Yearly Deductible $183.00
Social Security
Cost of Living Adjustment (COLA) 2%
Maximum Benefit at Full Retirement $2,788.00
Maximum Taxable Earnings $128,400.00
Substantial Gainful Activity Limit (Not Blind) $1,180.00
Substantial Gainful Activity Limit (Blind) $1,970.00
Supplemental Security Income (SSI)
Individual Maximum Benefit Rate $750.00
Couple Maximum Benefit Rate $1,125.00
Individual Maximum Resource Limit $2,000.00
Couple Maximum Resource Limit $3,000.00
Medicaid (SSI Related Programs)
Individual Income Limit $2,250.00
Individual Asset Limit (Countable Assets) $2,000.00
Couple Asset Limit (Countable Assets) $3,000.00
Maximum Community Spouse Resource Allowance $123,000.00
Minimum Community Spouse Resource Allowance $24,720.00
Maximum Monthly Maintenance Needs Allowance (until 6/30/18) $3,090.00
Minimum Monthly Maintenance Needs Allowance (until 6/30/18) $2,030.00
Minimum Home Equity Limit $572,000.00
Maximum Home Equity Limit $858,000.00
Florida Medicaid Transfer Penalty Divisor (until 5/30/18) $8,944.00
Montana Medicaid Transfer Penalty Divisor (2017) $6,818.81
Veterans Benefits (Pension, Aid & Attendance)
Basic Improved Pension (Single Veteran) Monthly $1,075.00
Housebound (Single Veteran) Monthly $1,314.00
Aid & Attendance (Single Veteran) Monthly $1,794.00
Basic Improved Pension (Widow) Monthly $721.00
Housebound (Widow) Monthly $881.00
Aid & Attendance (Widow) Monthly $1,153.00
Estate & Gift Taxes
Gift Tax Exemption $5.6 million*
Estate Tax Exemption $11.2 million
Annual Gift Tax Exclusion $15,000.00*
Miscellaneous Important Numbers
Florida Hourly Minimum Wage $8.25
Montana Hourly Minimum Wage $8.30
Federal Hourly Minimum Wage $7.25
IRS Mileage Rate Per Mile 54.5 cents
ABLE Account Contribution Limit $15,000.00*
ABLE Account Limit $418,000.00

To compare to 2017, visit our post of the 2017 important numbers.

* Subject to change based on passage of the Tax Cuts and Jobs Act of 2017.