The Law Office of Donald B. Mark was founded in January of 1992, which was 30 years ago this month. We are proud to be a part of the Stratford, NJ community. Donald B. Mark grew up in Stratford and…
Tag: Medicaid planning
Life Insurance and Medicaid
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…
Law Increases Maximum Support for a Spouse
Medicaid normally requires that a person’s income be used to offset the cost of long-term care in a facility. Virtually all of that person’s income must be paid to the facility each month. Medicaid then pays the balance of that…
Married Couples Can Now Protect More Assets
The cost of long-term care is catastrophic. If a husband or wife needs long-term care then the family’s assets are quickly depleted on the cost of that care. Once the assets have been spent down then the family can acquire…
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…
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