If a person provides a gift within five years of the Medicaid application, then there is presumption that the gift was provided for the purpose of establishing Medicaid eligibility. A person has the right to provide “convincing” evidence that the…
Read More New Jersey Changes Calculation of Penalty for Gifts
Most nursing homes in New Jersey charge at least $130,000 per year for a basic semi-private room. Medicaid will help pay for that person’s care but only after their assets and life savings have been depleted. If a spouse is…
If a husband or wife requires long-term care in a nursing home facility, then that care can quickly deplete their life savings. Most nursing home facilities in this area charge more than $120,000.00 a year for a basic semi-private room. …
Read More Change in Medicaid Laws Allow a Spouse to Keep More Assets
If a person provides gifts within five years of the Medicaid application, then the County Board of Social Services will presume that those gifts were provided for Medicaid planning. The individual who provides gifts within five years of the application…
When a healthier spouse requires long-term care in a nursing home facility, then that care can quickly deplete the family’s life savings. Fortunately, there are federal and state laws that prevent the healthier spouse from being impoverished. When a spouse…
Read More Change in Medicaid Laws: Minimum Amount Increases for Healthier Spouse
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