Managed Long-Term Services and Supports and Program of All-Inclusive Care for the Elderly – Begley Report
By: Thomas D. Begley, Jr., Esquire, CELA and Marianne Johnston, Esquire MANAGED LONG-TERM SERVICES AND SUPPORTS The MLTSS program is for individuals who require services and support that are living at home, in an assisted living facility, in community residential services, as well as those in a nursing home. MLTSS participants must meet income and asset requirements,…
2025 COLA INCREASES FOR MEDICAID, SOCIAL SECURITY, MEDICARE, TAX AND VETERANS BENEFITS
by Thomas D. Begley, Jr., Esquire, CELA Many public benefits and tax numbers are indexed to inflation. Different agencies use different inflation factors, but Social Security used 2.5% for increasing the numbers for 2025. Below is a chart that states numbers for the following: Medicaid, Social Security, Medicare, Tax, Veterans Aid and Attendance and…
10 THINGS YOU NEED TO KNOW ABOUT ABLE ACCOUNTS
by Thomas D. Begley, Jr., Esquire, CELA On December 16, 2014, Congress enacted and sent to the President for signature an Act known as Achieving a Better Life Experience (ABLE) Act of 2014.[1] This Act is to provide a tax-favored account, similar to a 529 Plan, for individuals with disabilities to pay for qualified…
MILLER TRUSTS
by Thomas D. Begley, Jr., Esquire, CELA For purposes of Medicaid long-term care services, New Jersey has always been an income cap state. That means that an individual’s income must not exceed 300% of the Federal Benefit Rate (FBR). Beginning January 1, 2025, that means that an individual’s monthly income cannot exceed $2,901. Historically, individuals…