Many Medicaid applications in New Jersey are denied by the County Board of Social Services for failure to produce documents. It is often difficult to obtain voluminous financial records covering the five year look-back period. Based upon recent revisions that…
Tag: five year look-back
Change in Law Concerning Medicaid Penalty
When gifts are provided within the Medicaid five year look-back period, the County Board of Social Services will impose a period of ineligibility for assistance. This is known as the Medicaid penalty period. The duration of the penalty period is…
Medicaid Changes Penalty for Gifts
If a person provides gifts within five years of a Medicaid application then he or she will be denied Medicaid assistance for a period of time known as the penalty period. The penalty period is calculated by taking the value…
Special Needs Trust
A person must own less than $2,000 of resources in order to obtain Medicaid assistance to pay for long-term care. Both federal and state laws prohibit an individual from gifting assets within five years of the Medicaid application in order…
New Jersey Changes Calculation of Penalty for Gifts
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…
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