When a spouse requires long-term care it can result in devastating financial hardship for the healthier spouse. There are special federal and state laws, however, that prevent the healthier spouse from being impoverished. One of these provisions of the laws…
Tag: Medicaid regulations
Medicaid Income Cap 2023
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…
Medicaid Changes the Maximum Spousal Support for a Healthier Spouse
When a spouse enters into a nursing home facility, a portion of his or her income may be paid to the healthier spouse but it is based upon complex Medicaid rules and regulations. The regulations refer to an award of…
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Custodial Accounts for Minors Should Be Exempt from Medicaid
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. …
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New Jersey Changes Shelter Standard in Determining Spousal Support
If a spouse enters into a nursing home facility, then the healthier spouse may be entitled to spousal support. The spousal support is based in part upon the minimum amount known as the Minimum Monthly Maintenance Needs Allowance. This is…
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