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Law Office of Donald B. Mark

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Tag: life insurance policy

31May

Life Insurance Options

Posted by markelderlawon May 31, 2021July 6, 2021in Life Insurance
granddaughter hugging grandmother smiling

Medicaid considers the cash surrender value of most life insurance policies to be a resource that is subject to the Medicaid spend-down process.  A person is not allowed to own more than $2,000.00 of resources in order to qualify for…

Read More Life Insurance Options

10May

Life Insurance and Medicaid

Posted by markelderlawon May 10, 2021July 6, 2021in Life Insurance
grandfather holding grandson smiling

Medicaid considers some life insurance policies to be an asset subject to the spend-down process.  According to the New Jersey Medicaid regulations, the first step in analyzing life insurance policies is to determine the face value of all of the…

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06Feb

Income Cap Changes for 2020

Posted by markelderlawon February 6, 2020July 2, 2021in Medicaid
grandchild holding grandmother's arm

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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Law Office of Donald B. Mark
64 Warwick Road
Stratford, NJ 08084
(856) 435-0620
M-F: 9:00 a.m. - 5:00 p.m.

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