Certified New Jersey Elder Law Attorneys

McHugh & Macri
Certified Elder Law Attorneys Serving New Jersey Residents since 1978.
Call 973-577-6010 For a Free Initial Consultation “Fee Free” Consultation

Administration doesn't propose big cuts in Medicaid funding

NAELA National Academy of Elder Law Attorneys, Inc. MEMBER

Over the last several months, readers in New Jersey have likely been inundated with news of federal and state government budget cuts. Along the way, many may be wondering what programs will see cuts and what personal effect the changes will have. Recently, President Obama released a budget proposal that doesn't include significant cuts to the federal Medicaid program, which may be relevant to those considering Medicaid planning for long-term care.

Medicaid is a health care benefit program designed to meet the needs of individuals or families with low incomes. For those in long-term care, Medicaid may come into effect when their personal assets are nearly depleted. Staying in long-term care is known to be very pricey, so it's not hard to understand why people often fall back on public benefits when facing long-term medical problems.

One thing to remember is that when Medicaid pays for long-term care, it is not likely to be enough the kind of high-quality care individuals and their loved ones would hope for. This is why many people plan ahead and protect their assets in order to have funds available to supplement Medicaid's long-term care support.

Right now, the Obama Administration is working with states to negotiate the terms of Medicaid funding, which is provided cooperatively between the federal government and individual states. Broad cuts could have a negative effect on the program's ability to deliver support to individuals receiving long-term care. Additionally, cuts in the program could also adjust expectations for planning.

Like many public programs, Medicaid is incredibly complex. Adding the complexities of long-term planning for finances just makes the idea of Medicaid even more complicated. This is why it's best to consult with a trustworthy attorney when creating a long-term plan for care.

Source: New Jersey Herald, "Obama's budget to spare Medicaid from deep cuts," Ricardo Alonso-Zaldivar, April 4, 2013

No Comments

Leave a comment
Comment Information
FindLaw Network
Call 973-577-6010 For a Free Initial Consultation

Subscribe to this blog's feed

Contact Form

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

“Fee Free” Consultation

Our Location

McHugh & Macri
49 Ridgedale Avenue 
Suite 1
East Hanover, NJ 07936
Phone: 973-577-6010
Fax: 973-887-6237
Map and Directions

Super Lawyers Avvo