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Tag: federal law

01Mar

Medicaid Changes the Maximum Spousal Support for a Healthier Spouse

Posted by markelderlawon March 1, 2023June 3, 2024in Medicaid
elderly woman hugging her husband among field of flowers

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…

Read More Medicaid Changes the Maximum Spousal Support for a Healthier Spouse

22Feb

Medicaid Now Allows the Healthier Spouse More Assets

Posted by markelderlawon February 22, 2023August 4, 2023in Medicaid
man and woman holding hands walking in winter coats

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…

Read More Medicaid Now Allows the Healthier Spouse More Assets

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

03Jun

Change in Medicaid Laws Protect More Assets for Married Couple

Posted by markelderlawon June 3, 2022in Medicaid
elderly woman with husband on bench

The cost of long-term care can be catastrophic.  Many families deplete their life savings and assets on the cost of this care.  Fortunately, there are federal and state laws that protect the healthier spouse from being impoverished.  These laws and…

Read More Change in Medicaid Laws Protect More Assets for Married Couple

29Oct

Life Estate Is Not Subject to a Medicaid Lien

Posted by markelderlawon October 29, 2021in Estate Planning
senior man hiking in Fall elder care

According to N.J.A.C. 10:49-14.1 (n) (1), the State of New Jersey is not allowed to impose a Medicaid lien against a life estate. According to both federal and state law, the State of New Jersey is required to impose a…

Read More Life Estate Is Not Subject to a Medicaid Lien

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