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…
Tag: Medicaid planning
Federal Court Allows Annuity Strategy to Protect Assets
The United States District Court for the District of New Jersey has issued an important decision concerning the use of annuities for Medicaid planning. The Honorable William J. Martini rendered this favorable decision in the case of Jane Cushing v.…
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Change in Medicaid Laws Allow a Spouse to Keep More Assets
If a husband or wife requires long-term care in a nursing home facility, then that care can quickly deplete their life savings. Most nursing home facilities in this area charge more than $120,000.00 a year for a basic semi-private room. …
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Medicaid’s Determination of Spousal Support
The calculated Medicaid spousal support when the husband or wife enters into a nursing home facility is often inadequate because Medicaid regulations base support on the poverty line for a family of two. If a spouse is not pleased with…
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