USING SELF-SETTLED SPECIAL NEEDS TRUSTS TO PROTECT PUBLIC BENEFITS – Begley Report
Many public benefits available to persons with disabilities, such as Supplemental Security Income (SSI) and Medicaid, place limits on income and certain types of assets. Exceeding such limits can lead individuals to lose some or all of their benefits. Individuals receiving SSI are limited to $2,000 of assets. For many individuals, their Medicaid is linked…
PENNSYLVANIA ANNOUNCES 2025 ELIGIBILITY STANDARDS FOR MEDICAL ASSISTANCE (MEDICAID) FOR LONG-TERM CARE
by Marianne Johnston, Esq. With the new year comes changes in several of the Pennsylvania Medicaid eligibility standards for long-term care benefits. What has changed? Countable Resource Limit – $2,400 if gross monthly income is greater than $2,901 $8,000 if gross monthly income is $2,901 or less Gross Monthly Income limit for Pennsylvania Aging…
HAPPY NEW YEAR – 2025 MEDICAID ELIGIBILITY STANDARDS
by Marianne Johnston, Esq. With the new year comes changes in several of the New Jersey Medicaid eligibility standards for long-term care benefits. What has changed? Income Cap – increased to $2,901 Maximum Community Spouse Resource Allowance – increased to $157,920 Monthly Maintenance Needs Allowance In Assisted Living Facility – increased to $143.65 At Home…
PROTECTING YOUR ASSETS FROM CREDITORS: ARE YOU BULLET-PROOF?
By: Thomas D. Begley, Jr., Esquire, CELA Many business and professional people have worked for a long time and have accumulated significant assets. They hope to benefit themselves and their families during their working careers and also in retirement. The first step in asset protection planning would be to do a risk analysis. What are…