So it has finally happened. Effective last Monday, December 1, New Jersey no longer is offering its Medically Needy program to individuals in need of nursing home level care.
What this change does is effectively make Medicaid benefits possible to those at home and in assisted living facilities as well as in nursing homes, who have income in an amount greater than the income cap of $2163 per month (in 2014), thru the use of a Qualified Income Trust, also known as a “Miller” trust.
As with any changes there is much confusion and misunderstanding about what it all means. I will be holding a Google Hangout on Friday, December 12 at Noon in which I will explain the changes and answer some of the questions that we have already received here at Hauptman & Hauptman.
It’s a session you won’t want to miss. Be sure to mark your calendar and look out for further details later this week.