income cap – Law Office of Donald B. Mark

Income Cap Changes for Medicaid

Posted by markelderlawon March 25, 2022March 27, 2022in Medicaid

In order to qualify for Medicaid assistance, an individual’s gross monthly income must be less than the Medicaid income cap. If a person’s gross monthly income is greater than the Medicaid income cap then he or she will not qualify…

New Medicaid Income Cap for 2021

Posted by markelderlawon January 31, 2021July 6, 2021in Medicaid

There are three requirements to obtain Medicaid assistance to pay for long-term care. A person must be in clinical need of Medicaid, satisfy the resource requirements and have an income that is less than the income cap. If a person…

Qualified Income Trust Can Reduce Income to Qualify for Medicaid

Posted by markelderlawon February 18, 2020July 2, 2021in Trusts

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…

Income Cap Changes for 2020

Posted by markelderlawon February 6, 2020July 2, 2021in 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…