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Understanding Medicaid Transfer Penalties

Month: August 2019

Understanding Medicaid Transfer Penalties

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In order for the State of New Jersey to prevent Medicaid applicants from gifting assets to qualify for Medicaid earlier, the state institutes a transfer penalty.  The penalty is determined by adding up all “transfers” of assets not used exclusively

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The 10 Best lists are issued by the American Institute of Legal Council; the Best of Essex lists are issued by Suburban Essex; the Top Lawyers lists are issued by Morris|Essex Health & Life. Learn more about the selective methodology for these honors: 10 BestBest of EssexTop Lawyers. No aspect of this advertisement has been approved by the Supreme Court of New Jersey or the American Bar Association.




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