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Tag: income cap

21Mar

Medicaid Income Cap 2023

Posted by markelderlawon March 21, 2023in Medicaid
grandparents sitting on a dock with their granddaughter

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…

Read More Medicaid Income Cap 2023

25Mar

Income Cap Changes for Medicaid

Posted by markelderlawon March 25, 2022March 27, 2022in Medicaid
elderly people walking near trees

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…

Read More Income Cap Changes for Medicaid

31Jan

New Medicaid Income Cap for 2021

Posted by markelderlawon January 31, 2021July 6, 2021in Medicaid
grandparents with grandchildren

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…

Read More New Medicaid Income Cap for 2021

18Feb

Qualified Income Trust Can Reduce Income to Qualify for Medicaid

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

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…

Read More Qualified Income Trust Can Reduce Income to Qualify for Medicaid

06Feb

Income Cap Changes for 2020

Posted by markelderlawon February 6, 2020March 21, 2023in Medicaid
grandmother looking out a window with her arm around her granddaughter

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…

Read More Income Cap Changes for 2020

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