To qualify for memory care coverage under the A&D waiver, applicants must meet financial guidelines. The waiver has a monthly income limit of $2,742 before taxes. This includes all income, including Social Security benefits, pension income and withdrawals from retirement accounts. Spouses applying for the waiver may each have a monthly income of up to this amount. If only one spouse is applying, only their income is considered. To ensure their spouse’s financial security, Indiana has a spousal impoverishment protection law in place.
Single applicants can have up to $2,000 in countable assets, including cash, checking and savings accounts, vacation properties and investments. Married applicants applying together can have joint assets up to $3,000. If one spouse is applying, up to $2,000 in countable assets can be in their name, and their spouse can have up to $148,620.