Medicaid is the only government long-term care insurance program. Each of the 50 states, as well as Washington, D.C., has Medicaid to help individuals pay for their long-term care needs at home, in an assisted living facility and a nursing…
Tag: New Jersey law
Seek Legal Advice before Gifting Assets
If significant assets are transferred to a child, then there will be a tax and estate planning ramifications from the transaction. The transfer of funds may prevent the parent from obtaining Medicaid assistance to pay for needed long-term care. In…
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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