Home Based Medicaid – A Deceiving Benefit – Part 2 #HomeBasedMedicaid
           I told you last week that Jim’s dad was running out of money. Living at home with aides providing him with round the clock care, Jim was thinking that once the cash runs out he can apply for Medicaid under New Jersey’s home based Medicaid program #NewJerseyMedicaid.            Jim’s plan
Home Based Medicaid – A Deceiving Benefit #HomeBasedMedicaid
           Jim called because his dad was running out of money. Dad is living at home with two aides that provide him with round the clock care. He owns the home he lives in but only has approximately $30,000 of liquid assets left.            Jim figured home based Medicaid would be
College and Long Term Care – ??? (Part 3) #LongTermCare
           The last two weeks I have been telling you about an increasing trend that we are seeing in cases that come through our office- grandparents who are paying for college, daycare, camp expenses etc. for their grandchildren. While a big help to the children of our clients who can’t
College and Long Term Care – ??? (Part 2) #LongTermCare
           Last week I was talking about an increasing trend that we are seeing in cases that come through our office- grandparents who are paying for college, daycare and camp expenses for their grandchildren. I told you that there is a danger for some who could be headed for financial
College and Long Term Care – ??? #LongTermCare
           I was reading the most recent Consumer Reports magazine cover story on the cost of college and how it is impoverishing young people who are borrowing huge amounts to pay exorbitant tuition bills and graduating with debt into six figures that they can’t pay on the salaries they are
Medicaid Estate Recovery – The Facts (Part 2) #MedicaidEstateRecovery
           Last week I was telling you about a common topic of confusion when it comes to Medicaid – the potential for estate recovery – that process by which the State attempts to recoup money from the estates of Medicaid recipients to offset the amount of Medicaid benefits it paid
Medicaid Estate Recovery – The Facts (Part 1) #MedicaidEstateRecovery
           I got a call the other day from the son of a client. We had obtained Medicaid for his father, preserving the home and just under $120,000 under Medicaid’s Community Spouse Resource Allowance (CSRA) for his mother. He called to tell us that Dad just died but he also
When Protecting Assets Beware of Capital Gains Tax (Part 2)
            Last week I told you that when protecting assets from the cost of long term care or from an estate tax when you pass away, there is another tax – capital gains tax – to be aware of and I explained how the tax is calculated. This week let’s
A Most Unusual Support System
           A recent story that made the news and spread quickly via the Internet reminds us of the importance of having a support system in place because you just never know when you might need it.            In this case it came from a very unlikely source. A Domino’s Pizza shop
What Happens When You Don’t File for Medicaid When You Should (Part 2) #Medicaid
           Last week I was telling you about the call I received from Shelly. Her mom was sued by the nursing home where her husband resided for the last 4 months of his life. She failed to file a Medicaid application which would have covered the cost of that care.Â