Choosing a nursing home is an extremely important and often overwhelming decision that affects the daily life of you and your loved one. You want to be sure that your loved one is receiving the best care. There is a…
Author: markelderlaw
What Is a QIT?
A person must have a gross monthly income of no more than $2,382 in order to qualify for Medicaid assistance to pay for long-term care in New Jersey. If a person has a gross monthly income that is greater than…
Medicaid Laws Allow the Transfer of Assets to a Disabled Individual
An individual who requires long-term care will be eligible for Medicaid if the assets are spent down to less than $2,000. There are both federal and state Medicaid laws, however, that prevent a person from gifting assets to family members…
Read More Medicaid Laws Allow the Transfer of Assets to a Disabled Individual
Who Can Create a Special Needs Trust?
In 1993 Congress passed special laws that amended the Medicaid statute. A portion of the amendment to the Medicaid statute concerns the establishment of a Special Needs Trust for a disabled beneficiary who is less than 65 years of age. …
Medicaid Changes Penalty for Gifts
If a person provides gifts within five years of a Medicaid application then he or she will be denied Medicaid assistance for a period of time known as the penalty period. The penalty period is calculated by taking the value…
