New Jersey permits a person to reduce his or her monthly income below the Medicaid income cap through the use of a Qualified Income Trust, also known as a QIT. There are legal requirements, however, for the establishment of a…
Read More Additional Rules Concerning a Qualified Income Trust
In order to qualify for Medicaid to pay for long-term care, a person must have little assets and must also have a monthly income that is less than the “income cap”. Beginning January 2020, the Medicaid income cap in the…
Read More Qualified Income Trust Can Reduce Income to Qualify for Medicaid
Medicaid is the only government long-term care insurance program. Each of the 50 states, as well as Washington, D.C., has Medicaid to help individuals pay for their long-term care needs at home, in an assisted living facility and a nursing…
If you require rehabilitation or therapy in a nursing home facility, then Medicare may provide some assistance to you, at least for the first several months. According to federal law, Medicare will cover your skilled nursing care in a facility…
Many health care providers believe that Medicare will only provide coverage if a patient is making “progress.” For most of my clients who are in nursing homes, the facility normally informs our client’s family that in order to maintain Medicare…
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