If you are setting money aside for someone with a disability, an ABLE account or special needs trust may help protect access to needs-based programs including Supplemental Security Income (SSI) and Medicaid. Neither option is automatically better. The right choice...
Needing long-term care does not always mean moving into a nursing home. New Jersey Medicaid can help eligible people receive long-term care services while living at home. The state’s Managed Long Term Services and Supports (MLTSS) program helps provide care in the...
When an older parent needs long-term care, many families discover that Medicaid has financial eligibility rules. A parent may need help at home, in assisted living or in a nursing facility, but still have too much income or too many countable assets to qualify right...
As you get older, protecting your financial resources becomes increasingly important. You may worry about covering future medical costs or leaving your family an inheritance. Establishing a blueprint to safeguard your assets can help you prepare for the road ahead....
Yes, Social Security affects Medicaid eligibility, but not in the way many people assume. In New Jersey, your benefits count as income, not assets. While that can impact eligibility, it doesn’t automatically disqualify someone. Here’s how to approach it with the right...
When Americans reach the age of 65, they’re typically eligible for Medicare benefits. Medicare is an earned retirement benefit that provides basic medical coverage. Many people assume that Medicare can cover all of their major care expenses. However, there are...
Medicaid coverage helps close the gap between what people can actually afford and the care they actually need. People who meet relatively strict qualifications could be eligible for Medicaid coverage for necessary health care. In some cases, older adults who have had...
Planning for long-term care is never a straightforward task, as each individual’s unique circumstances must be taken into account. But, in an uncertain economy, this undertaking can feel especially overwhelming. Medicaid serves as the safety net that many seniors...
Many older adults hope to never require Medicaid coverage. If they remain healthy, Medicare coverage may prove sufficient throughout their golden years. However, people who need in-home nursing support or a bed in a nursing home cannot rely on Medicare for those...
Many people assume that charitable giving means giving away money they might need later. When done correctly as part of a broader estate plan, charitable strategies can help you achieve your philanthropic goals while preserving your wealth. Understanding how these...
