New Jersey has strict criteria they force upon all applicants before the state grants you Medicaid assistance. Unfortunately, this criteria requires you to be BROKE if you are single, widowed, or divorced. If you are married, the state typically requires you to spend half of your assets before they will provide assistance. If you do not meet these requirements, you may be forced to sell your stocks, bonds, CD’s and house, or other assets simply to pay for medical bills that keep piling up.
By Fredrick P. Niemann, Esq. a NJ Alzheimer’s and Dementia Attorney
All of us want to provide for our loved ones without losing all of their savings. So how do you ensure that your family member with Alzheimer’s or Dementia receives quality medical care while protecting your assets? First thing you need to understand is that Medicaid will not allow you to have assets totaling more than a few thousand dollars. They usually limit payments to a “personal needs allowance” of somewhere around a dollar a day, an amount that clearly won’t suffice for a comfortable living.
Medicaid rules have been written in a fashion that most people typically cannot understand. The same goes for lawyers who are not experienced in the New Jersey Medicaid and Elder Law. Don’t make the mistake of failing to seek the assistance of a knowledgeable New Jersey Elder Law attorney. You could be losing out on a significant amount of money. Allow us to help you and your family navigate through the complex maze of Medicaid paperwork and rules. We are familiar with the landmines and booby traps and know how to use the rules in your favor. Call me, Fredrick P. Niemann, Esq., an experienced NJ Elder Law Attorney today. I can help give you responsible answers to your complex Medicaid questions. I can be reached toll free at 855-376-5291 or by email at email@example.com. I will dedicate the time and effort to you and your case that you deserve. Always remember, everything stays confidential.