The start of a new year often brings changes that impact our finances, including adjustments to Medicare premiums, Social Security earnings limits, tax brackets, and the minimum wage.
As these factors evolve, it’s crucial to review your estate plan to ensure it aligns with your current needs and financial situation. This summary provides key 2025 figures essential for your retirement, estate planning, and special needs planning considerations.
| Medicare Part A | |
| Hospital Co-Pay per Benefit Period | $1,676.00 |
| Skilled Nursing Facility Per Day Co-Pay for Days 1 – 20 | $0.00 |
| Skilled Nursing Facility Per Day Co-Pay for Days 21 – 100 | $209.50 per day |
| Medicare Part B | |
| Premium Per Month for Individuals with less than $106,000/year income | $185.00 |
| Premium Per Month for Individuals making more than $103,000/year | $259.00-$628.90 |
| Yearly Deductible | $257.00 |
| Social Security | |
| Cost of Living Adjustment (COLA) | 2.5% |
| Maximum Benefit at Full Retirement | $4,018.00 |
| Maximum Benefit at Full Retirement at age 70 | $5108.00 |
| Maximum Taxable Earnings | $176,100.00 |
| Substantial Gainful Activity Limit (Not Blind) | $1,620.00 |
| Substantial Gainful Activity Limit (Blind) | $2,700.00 |
| Supplemental Security Income (SSI) | |
| Individual Maximum Benefit Rate | $967.00 |
| Couple Maximum Benefit Rate | $1,450.00 |
| Individual Maximum Resource Limit | $2,000.00 |
| Couple Maximum Resource Limit | $3,000.00 |
| Medicaid (SSI Related Programs) | |
| Individual Income Limit | $2,901.00 |
| Couple Income Limit | $5,802.00 |
| Individual Asset Limit (Countable Assets) | $2,000.00 |
| Couple Asset Limit (Countable Assets) | $3,000.00 |
| Maximum Community Spouse Resource Allowance | $157,920.00 |
| Minimum Community Spouse Resource Allowance | $31,584.00 |
| Maximum Monthly Maintenance Needs Allowance | $3,948.00 |
| Minimum Monthly Maintenance Needs Allowance | $2,555.00 |
| Minimum Home Equity Limit | $730,000.00 |
| Maximum Home Equity Limit | $1,097,000.00 |
| Florida Medicaid Transfer Penalty Divisor | $10,438.00 |
| Florida Monthly Personal Needs Allowance (in nursing home) | $160.00 |
| Montana Medicaid Transfer Penalty Divisor (until 6/30/25) | $306.27 per day |
| Montana Monthly Personal Needs Allowance (in nursing home) | $50.00 |
| Veterans Benefits (Pension, Aid & Attendance) | |
| Net Worth Limit for Pension (Until November 30, 2025) | $159,240.00 |
| Maximum Annual Pension Rate (Single Veteran) Annual | $28,300.00 |
| Housebound (Single Veteran) Annual | $20,732.00 |
| Aid & Attendance (Single Veteran) Annual | $28,300.00 |
| Maximum Annual Pension Rate (Widow) Annual | $11,380.00 |
| Housebound (Widow) Annual | $13,908.00 |
| Aid & Attendance (Widow) Annual | $18,187.00 |
| Estate & Gift Taxes | |
| Estate Gift Tax Exemption (Single) | $13.990 million |
| Estate Gift Tax Exemption (Couple) | $27.98 million |
| Annual Gift Tax Exclusion | $19,000.00 |
| Miscellaneous Important Numbers | |
| Florida Hourly Minimum Wage | $14.00 |
| Montana Hourly Minimum Wage | $10.55 |
| Federal Hourly Minimum Wage | $7.25 |
| IRS Mileage Rate Per Mile | 70 Cents |
| ABLE Account Contribution Limit | $19,000.00 |
| ABLE Account Limit | $100,000.00 |
