Medicaid has strict rules with respect to eligibility requirements for assistance to pay for a person’s long-term care. An individual must satisfy the resource and income requirements for Medicaid eligibility. New Jersey requires that an individual’s gross monthly income be…
Category: Medicaid
Medicaid Changes the Maximum Spousal Support for a Healthier Spouse
When a spouse enters into a nursing home facility, a portion of his or her income may be paid to the healthier spouse but it is based upon complex Medicaid rules and regulations. The regulations refer to an award of…
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Medicaid Now Allows the Healthier Spouse More Assets
There is a tremendous cost associated with nursing home care for a spouse. Most nursing home facilities charge approximately $12,000 to $13,000 each month for a semi-private room. Medicaid will pay for nursing home care, but only after the family’s…
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Medicaid Changes How the Spousal Support Is Calculated
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…
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Custodial Accounts for Minors Should Be Exempt from Medicaid
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. …
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