| Medicaid in New Jersey What is Medicaid in New Jersey? |
By Fredrick P.
Niemann, Esq., a NJ Medicaid and Elder Law Attorney
Medicaid is a benefits program which is
primarily funded by the federal government and administered by the state of New Jersey. Sometimes
the rules can vary from state to state. One primary benefit of Medicaid is
that, unlike Medicare (which only pays for skilled nursing), the Medicaid
program will pay for long term care in a nursing home only once you’ve
qualified.
Medicaid in New Jersey will pay for assisted living and
home-based care under Medicaid waiver programs and other New Jersey state programs. Qualification and eligibility is based on
strict criteria for approval. For a low
cost consultation on eligibility, contact Fredrick P. Niemann at (888) 800-7442 or
fniemann@scarincihollenbeck.com.
Costs for assisted living long
term care runs $4,000-$7,500 per month.
For approval of long term
care at an assisted living residence, you need to demonstrate the need for a nursing
home level of care (not being able to manage in a home environment,
requiring assistance with activity of daily living skills for more than 2.5
hours per day) and you need to meet the strict financial requirements
established by the state of New Jersey.
Why
Seek Advice for Medicaid in New
Jersey?
As life expectancies and
long term care costs continue to rise, the challenge quickly becomes how to pay
for these services. Many people cannot afford to pay $7,500 to $11,000 per
month or more for the cost of a nursing home, assisted living or home based
care, and those who can pay for a while may find their life savings wiped out
in a matter of months, rather than years.
Fortunately, the NJ
Medicaid Program is there to help. In fact, in our lifetime, Medicaid has
become the long term care insurance of the middle class. But the eligibility to
receive Medicaid benefits requires that you pass certain tests on the amount of
income and assets that you have.
The reason for Medicaid
planning is that without the proper planning and advice, many people spend more
than should or are required to, or they transfer finances inappropriately and
are faced with months of ineligibility, jeopardizing their family’s financial
security. In many cases homes and
resources may be maintained if done properly and within the appropriate
timeframes and guidelines.
Consultation with the right
elder care law professional may save you a significant amount of financial
resources and time when applying for Medicaid or when faced with the costs of
long term care either now or in the near future.
To speak to a caring,
sensitive attorney, ask for our managing partner, Fredrick P. Niemann, at (888) 800-7442 or e-mail
him at fniemann@hnlawfirm.comto set up an office consultation at your convenience.
Medicaid
Attorneys serving these New Jersey Counties:
Monmouth County, Ocean County, Essex County, Cape May
County, Mercer
County, Middlesex County, Bergen County, Morris County, Burlington County,
Union County, Somerset County, Hudson County, Passaic County
