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Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.

March 2019 Archives

Pew Research conducts poll on paying for long-term care

Many people in New Jersey rely on Medicaid to pay for their long-term care needs. However, not everyone is optimistic that government benefits will be available in the future. Pew Research polled 2,524 people regarding who should be paying for long-term care 30 years from now and who they think will actually be paying. The results indicate that, while many think the government should shoulder the bill, they do not anticipate this happening any time soon.

How can a qualified income trust be used in Medicaid planning?

To be eligible for Medicaid benefits in New Jersey (referred to as Long Term Services and Supports), a person's income and resources cannot exceed a certain dollar amount annually. However, does this mean that a person must be impoverished before they can begin receiving LTSS? Not necessarily.

Long-term care needs should not deplete your hard-earned assets

While sometimes people in New Jersey make plans for a potential stay in a nursing home well before they need such care, many times a person's admission to a long-term care facility occurs due to a sudden illness or disability. When this happens, the person's family may fear that all their loved one's assets will be handed over to the facility to pay for their care.

How can Medicaid planning address 'estate recovery'?

Under federal and New Jersey law, once a Medicaid beneficiary dies, the government recovers funds from the deceased's estate for any services the deceased received after age 55 that were paid for using Medicaid benefits. This is known as "estate recovery."

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