Medicare has Parts A and B. Part A is often referred to as the hospital portion of Medicare coverage. Part B is usually referred to as the doctor’s portion of the Medicare program. Part B provides coverage for physician services,…
Tag: Social Security
Change in Medicaid Laws Concerning Spousal Support
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…
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Stimulus Check, SSI, and Medicaid
The Coronavirus Aid, Relief and Economic Security Act, also known as the CARES Act, was enacted on March 27, 2020 as Public Law 116-136. It is a $2 trillion economic stimulus bill. The goal of this legislation is to provide…
Additional Rules Concerning a Qualified Income Trust
New Jersey permits a person to reduce his or her monthly income below the Medicaid income cap through the use of a Qualified Income Trust, also known as a QIT. There are legal requirements, however, for the establishment of a…
Read More Additional Rules Concerning a Qualified Income Trust
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