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...
Month: March 2019
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...
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...
Misunderstanding the Medicaid program in New Jersey
As medical advancements extend lives, it can be both a blessing and a concern. More families are dealing with care decisions for elders. The sad day may come when one partner can no longer care for the other due to advanced Alzheimer's or dementia. The accelerating...
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." For estate...