Medicaid provides coverage for an individual’s long-term care costs, including institutional care in a facility. An individual must be poor in order to qualify for Medicaid. Medicaid has stringent rules relating to financial eligibility, including the five year look-back rule. …
Tag: New Jersey law
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 How the Spousal Support Is Calculated
Most residents in a nursing home facility must use all of their monthly income to contribute to the cost of long-term care. Medicaid then pays the balance of that care. A nursing home resident, however, is allowed to keep $50.00…
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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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