2016 Medicare and Medicaid Numbers

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The following are the 2016 Medicare and Medicaid numbers as released by the Centers for Medicare & Medicaid Services, as well as the 2016 federal and New Jersey estate and gift tax numbers:
 

MEDICAID
 
Income Cap $2,199
Maximum Community Spouse Resource Allowance (CSRA) $119,220
Minimum CSRA $23,844
Maximum Minimum Monthly Maintenance Needs Allowance $2,980.50
MMMNA (through June 30, 2016) $1,991.25
Maximum Resource Limit (Individual) $2,000
Minimum and Maximum Cap on Equity in the Home $552,000 - $828,000
MEDICARE

Part A

Medicare Co-Payment - Skilled Nursing Facility (SNF) $161
Hospital Deductible $1,288
Per day Co-Insurance- Day 61 - 90 $333
Per day Co Insurance- Day 91-150 $644
Part B
Medicare Part B Deductible $166
Standard Part B Premium $104.90

FEDERAL AND NEW JERSEY ESTATE AND GIFT TAX AMOUNTS

Federal estate tax exemption amount: $5,450,000 per individual
Lifetime exclusion from gift tax: $5,450,000 per individual
Generation-skipping transfer tax exemption: $5450,000 per individual
Non-citizen spouse annual gift tax exclusion: $148,000
Annual exclusion from gift tax: $14,000 per donee. 

New Jersey estate tax exemption: $675,000
New Jersey gift tax exemption: N/A (no gift tax in New Jersey)