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Medicaid-Complaint Annuities

Year: 2021

Medicaid-Complaint Annuities

A Medicaid-Complaint Annuity (“MCA”) is a single premium immediate fixed annuity that allows Medicaid applicants to convert a non-exempt asset into an income stream to provide immediate Medicaid eligibility. The Medicaid Rule:  An individual must “spend down” assets to less

Medicaid Nightmare; It’s not just during Halloween

In anticipation of Halloween, I want to tell you a scary Medicaid story that affected my client.  MEDICAID RULES When one spouse requires long-term care, the federal Medicaid program allows the healthy spouse certain options to avoid impoverishment.  The ill

Clelia Pergola, COO is the recipient of NJBIA’s Executive of the Year Award

NJBIA and New Jersey Business magazine announced 20 recipients for their annual Awards for Excellence, honoring member companies and business leaders whose energy and vision have had a positive impact on their employees, their communities and the state’s economy. We

September is Alzheimer’s Month: How Can You Help?

Signs of Alzheimer’s Disease: Memory Loss that disrupts daily life Challenges in planning and solving problems Difficulty completing familiar tasks at home, at work or at leisure Confusion with time or place Trouble understanding visual images and relationships New problems

What the Guardianship Process Looks Like

To file for guardianship, one must obtain two separate evaluations of the alleged incapacitated person (“AIP”), completed by either two medical doctors or one medical doctor and a psychologist.  These professionals meet with the AIP and complete a Certification and

What is a Guardianship and who needs one?

There are few circumstances in life more devastating than seeing a parent lose capacity and require the full care of a child or caregiver.  Approximately 60% of people do not have a valid Power of Attorney appointing an agent to

Loss Of A Loved One

An unfortunate by-product of the ongoing pandemic is that more families are being confronted with the prospect of settling a deceased loved one’s estate. This process, known as estate administration, is further complicated by the fact that many decedents either

Medicaid Pitfalls

Below is a list of a few Medicaid pitfalls: Paying for care without proper documentation As our loved ones age, we begin to realize that they need help at home. There are over one thousand home care agencies in New

Medicaid Penalty Divisor Increases

The New Jersey Medicaid Penalty Divisor increased from $357.67 to $361.20. Why is this important to families who are applying for Medicaid now or who may apply in the next five years? First, we must answer the question: What is

Trusted Advisor

As many of you know, NJELC at Goldberg Law Group is a full service elder law firm. But did you also know that we are just as passionate about estate planning for people 18-110? While we talk a lot about

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