Using Qualified Income Trusts to Qualify for Medicaid to Fund Long Term Care

To qualify for Medicaid to fund long term care in New Jersey, your monthly Medicaid countable income must not exceed Medicaid income caps– $2,250 per month for an unmarried applicant in 2018. However, not all receipts are Medicaid countable income, and even if your Medicaid countable income exceeds long term … Continue reading

NJ Medicaid Changes Penalty Divisor

New Jersey Medicaid recently changed the way it calculates penalties for gifts. New Jersey residents can qualify for New Jersey Medicaid, a government program that can pay for long term care in a nursing home, assisted living facility, or with home health aides. However, when you apply for long term … Continue reading

NJ Medicaid to issue new Regulations on Trusts

New Jersey’s Department of Human Services, Division of Medical Assistance and Health Services (DMAHS), recently posted notice that it will issue new regulations on how Medicaid laws and rules apply to trusts, including special needs trusts and qualified income trusts. Why does this matter to you? Well, if you have … Continue reading

NJ Medicaid Planning and your Power of Attorney

If you think you may need long term care in the future, and are interested in doing asset protection planning or Medicaid planning to protect your assets for your spouse or children, one of the best things you can do now is make sure you have a well-drafted power of … Continue reading

NJ Medicaid and Qualified Income Trusts

Lately we’ve been hearing a lot from people with questions about Qualified Income Trusts (QIT’s) – aka Miller Trusts. We have a whole page on our website devoted to QIT’s, with lots of information. But all the same, I’m going to take this opportunity to give anyone who’s reading this … Continue reading

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Homepage photo: Cows grazing at Meadowbrook Farm, Bernardsville, NJ by Siddharth Mallya. October 23, 2012.
Interior photo: Somerset hills pastoral scene by Lawrence Friedman.