monthly income – Law Office of Donald B. Mark

Income Cap Changes for Medicaid

Posted by markelderlawon March 25, 2022March 27, 2022in Medicaid

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…

Increase in Medicaid Utility Allowance for Spousal Support

Posted by markelderlawon January 4, 2022in Medicaid

When a spouse enters into an assisted living facility or a nursing home, a portion or all of his or her monthly income must be paid to the facility. There are laws that protect the healthier spouse from being impoverished. …

Change in Medicaid Laws Allow for an Increase in Spousal Support

Posted by markelderlawon December 3, 2021January 4, 2022in Medicaid

If a husband or wife requires long-term custodial care, then the healthier spouse may be entitled to spousal support. The amount of the spousal support is based upon his or her monthly income and the minimum amount that the healthier…

Change in Medicaid Laws Concerning Spousal Support

Posted by markelderlawon November 10, 2021in Medicaid

If a spouse requires long-term care in a facility, then a portion of that spouse’s income must be paid to the facility as his or her “cost share”. The spouse who is institutionalized is allowed to keep $50.00 per month…

What Is a QIT?

Posted by markelderlawon August 23, 2021March 27, 2022in Trusts

A person must have a gross monthly income of no more than $2,382 in order to qualify for Medicaid assistance to pay for long-term care in New Jersey. If a person has a gross monthly income that is greater than…