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Tag: Medicaid eligibility

03Jan

Custodial Accounts for Minors Should Be Exempt from Medicaid

Posted by markelderlawon January 3, 2023January 3, 2023in Medicaid
Mother and father pulling kids in sleds in the snow

According to the New Jersey Medicaid regulations, an individual is not allowed to own more than $2,000.00 of resources.  A resource includes any bank accounts, checking accounts or other investments that are in the control and accessible to that person. …

Read More Custodial Accounts for Minors Should Be Exempt from Medicaid

09Sep

Medicaid Has Two Snap-shot Dates for a Married Couple

Posted by markelderlawon September 9, 2022October 21, 2022in Medicaid
husband and wife sitting on beach with arms around each other

When a spouse enters into a long-term care facility, the cost of that care can be catastrophic.  Fortunately, there are federal laws that protect the healthier spouse from being impoverished.  According to the federal statute, there are two important dates…

Read More Medicaid Has Two Snap-shot Dates for a Married Couple

05Aug

Time Extension to Provide Documents for Medicaid

Posted by markelderlawon August 5, 2022in Medicaid
Client handing elder law attorney Medicaid paperwork

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…

Read More Time Extension to Provide Documents for Medicaid

01Jul

Change in Law Concerning Medicaid Penalty

Posted by markelderlawon July 1, 2022July 1, 2022in Medicaid
grandma holding granddaughter on the shore

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…

Read More Change in Law Concerning Medicaid Penalty

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

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