How is Co-Ownership Treated by Medicaid?
Joe was confused. He told me his mom had added his name as co-owner on her bank account more than 5 years ago, after he spoke with his friend, John who explained that by adding his name to the deed to his mother’s home, he had protected the home when
Medicaid’s Spend Down – Don’t Get Caught Short (Part 2)
Last week we were discussing Jeff’s difficulties spending down his mom’s remaining assets, not getting caught with too much at the end of the month to qualify for Medicaid, but not enough to cover the private pay rate. So how does one avoid this Medicaid “trap”? As we approached the final
Medicaid’s Spend Down – Don’t Get Caught Short
We had been working with Jeff to prepare for an eventual Medicaid application to be filed on his mother’s behalf. Much of that work involved reviewing the 5 years of records, Medicaid’s look back period. But we also needed to coordinate the spend down as we were nearing the target
Long Term Care Planning – Should I Wait and See? Part 2
Kelly had originally called us 7 years ago. Her dad had recently fallen in his home and Kelly recognized the need for someone to come into his home to help him. At that time she felt that only a few hours a day was all that was necessary and once
Long Term Care Planning – Should I Wait and See?
I consistently emphasize that we can achieve the most favorable results for our clients with the benefit of time, meaning we want to work with clients as far as possible before they reach crisis mode. I know, however, that there is a general resistance to taking action. Long term care
What Happens When the Healthy Spouse Dies Before the Medicaid Spouse? Part 2
Last week we were discussing Judy’s problem with Medicaid. Her dad, Joe, was about to lose his Medicaid status unless he complied with New Jersey’s elective share law, something Judy had never heard of. I explained to Judy that many states have such a law. It is designed to protect an unsuspecting
What Happens When the Healthy Spouse Dies Before the Medicaid Spouse? ( Part 1)
Joe and Mary had been married for 20 years, a second marriage for both. They each had children from a previous marriage. As they both aged and needed more care their respective children stepped in. When Joe eventually needed nursing home care his daughter, Judy, handled his finances while Mary’s
Are VA Aid and Attendance Benefits Countable as Income by Medicaid? (Part 2)
Last week we were discussing the VA Aid and Attendance benefit and how it could “knock you off” some of New Jersey’s Medicaid programs - specifically the assisted living and home based programs – because some of the VA pension will be considered income for Medicaid purposes. That could cause
Are VA Aid and Attendance Benefits Countable as Income by Medicaid? (Part 1)
New Jersey has several Medicaid programs. Some have a strict income cap of $2130 per month of gross income as we saw last week with the assisted living program. In 2013, if you have more income than $2130 per month you won’t be eligible for these programs. So what counts
The Facility Said If I Pay for 2 Years then I’ll Get Medicaid (Part 2)
Last week we were discussing Carol, her mom and a very common disconnect we see when families speak with assisted living facilities. The facility explained it’s requirement that residents private pay for a certain period before being considered for one of it’s Medicaid slots. Carol heard something entirely different, that