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Category Archives: Countable Liquid Assets

Important News Regarding Client Stock Resources

Date - 25th Sep, 2017   |   Time - 6:05   |   Author - Senior-Planning

MetLife Spins Off Brighthouse Financial MetLife completed a spin-off of Brighthouse Financial, their US retail life insurance and annuity business.This important news must be considered for Medicaid spend down calculations for anyone applying for Medicaid benefits. You probably know that stocks are counted as a resource. Stock spin offs may increase the number of stocks […]

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Bill to allow Medicaid applicant’s to transfer small money during the look-back period

Date - 13th Jul, 2015   |   Time - 11:35   |   Author - Senior-Planning

The Assembly Health and Senior Services Committee introduced a bill to allow a Medicaid applicant to transfer up to $500 per month during the look-back period. Currently, if any money is transferred within the five years prior to Medicaid approval, Medicaid may impose a period of ineligibility corresponding to the money that was gifted or […]

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New: New Jersey Medicaid Metrics for 2015

Date - 5th Jan, 2015   |   Time - 5:54   |   Author - Senior-Planning

Happy New Years to all! Below please find new New Jersey Medicaid Metrics for 2015.   The Income Limit: $2,199.00. The Asset Limit: $2,000.00 The Maximum Community Spouse Resource Allowance:  $119,220.00. The Minimum Community Spouse Resource Allowance:  $23,844.00. The Maximum Monthly Maintenance Needs Allowance: $2,980.50. The Minimum Monthly Maintenance Needs Allowance: $1,966.25. The Monthly Personal Needs Allowance (PNA) for a Nursing Home: […]

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Here Is Your Holiday Gift… Followed By Your Medicaid Penalty!

Date - 19th Dec, 2014   |   Time - 3:37   |   Author - Senior-Planning

The holiday season is just around the corner. So tradition entails gift giving to family and friends. For many, gifting $14,000 according to the IRS’s Gift Tax Exclusion is the perfect holiday gift. The annual Gift Tax Exclusion is the total sum of money per year that an individual may gift to an unlimited number […]

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Understanding Life Insurance Policies And How They Relate To Medicaid

Date - 3rd Dec, 2014   |   Time - 7:49   |   Author - Senior-Planning

Understanding Life Insurance Policies And How They Relate To Medicaid When an individual is applying for Medicaid and has assets that exceed Medicaid’s resource limit, a Medicaid spend-down is necessary. Assets in excess of the allowable amount must be spent down in order to achieve financial eligibility. Some kinds of life insurance policies are included […]

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New Jersey Medicaid Income and Resources

Date - 17th Jun, 2014   |   Time - 6:24   |   Author - Senior-Planning

By Neil Stern People everywhere are worried about their finances. For one group, facing financial uncertainties may be even more daunting then for most. I am referring to senior citizens. As we know, the cost of long term care is on the rise. Unfortunately, the group of people who are most affected by these rising […]

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NJ Medicaid guidelines – when there is a community spouse

Date - 17th Jun, 2014   |   Time - 6:23   |   Author - Senior-Planning

NJ Medicaid guidelines – When there is a community spouse By Neil Stern I am often asked many questions about New Jersey adult Medicaid. People want to know about Medicaid guidelines. They stress over whether or not their loved ones will be eligible. Some of the common questions I’m asked relates to scenarios where there […]

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