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…
Tag: income cap
Income Cap Changes for 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
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
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
Income Cap Changes for 2020
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…
Law Office of Donald B. Mark 