CMS Issues New Resource and Cost-Sharing Limits for LIS/Extra Help
- Category: Senior Markets
- Published: Tuesday, 26 October 2021
- Written by Brandon Carter
The Centers for Medicare & Medicaid Services (CMS) is releasing guidance on the updated resource limits for individuals who apply and qualify for the low-income subsidy (LIS). As described at 42 CFR 423.772, resources include bank accounts, stocks, bonds, and other liquid resources that can be readily converted to cash within 20 days, as well as real estate that is not the beneficiary’s primary residence.