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Author: markelderlaw

20Jan

Medicaid Changes How the Spousal Support Is Calculated

Posted by markelderlawon January 20, 2023in Medicaid
husband and wife holding hands in the snow

Most residents in a nursing home facility must use all of their monthly income to contribute to the cost of long-term care.  Medicaid then pays the balance of that care.  A nursing home resident, however, is allowed to keep $50.00…

Read More Medicaid Changes How the Spousal Support Is Calculated

03Jan

Custodial Accounts for Minors Should Be Exempt from Medicaid

Posted by markelderlawon January 3, 2023January 3, 2023in Medicaid
Mother and father pulling kids in sleds in the snow

According to the New Jersey Medicaid regulations, an individual is not allowed to own more than $2,000.00 of resources.  A resource includes any bank accounts, checking accounts or other investments that are in the control and accessible to that person. …

Read More Custodial Accounts for Minors Should Be Exempt from Medicaid

16Dec

New Jersey Changes Shelter Standard in Determining Spousal Support

Posted by markelderlawon December 16, 2022in Medicaid
husband and wife sitting on bench in the snow

If a spouse enters into a nursing home facility, then the healthier spouse may be entitled to spousal support.  The spousal support is based in part upon the minimum amount known as the Minimum Monthly Maintenance Needs Allowance.  This is…

Read More New Jersey Changes Shelter Standard in Determining Spousal Support

02Dec

New Jersey Changes Medicaid Law Concerning Spousal Support

Posted by markelderlawon December 2, 2022December 2, 2022in Medicaid
grandparents building a gingerbread house with their grandchildren

In most cases where an individual receives Medicaid and is in a nursing home facility, the New Jersey Medicaid agency will require that the person’s monthly income be paid to the facility.  The balance of the cost of long-term care…

Read More New Jersey Changes Medicaid Law Concerning Spousal Support

04Nov

Social Security Will Increase by Almost 9% in 2023

Posted by markelderlawon November 4, 2022November 4, 2022in Social Security
Senior couple bike riding among autumn trees

According to applicable federal law, Social Security benefits are evaluated on an annual basis and the benefits are then calculated based upon the cost-of-living as measured by the Department of Labor Consumer Price Index (DPI).  An increase in the Social…

Read More Social Security Will Increase by Almost 9% in 2023

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