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New Jersey announces increase in Medicaid Penalty Divisor effective April 1, 2022

By Marianne Johnston, Esq.   On May 24, 2022, the New Jersey Department of Human Services, Division of Medical Assistance and Health Services (DMAHS) announced an increase in the Medicaid penalty divisor from $361.20 to $374.39. Here’s what this means. If an applicant for long-term care Medicaid benefits transfers assets within five-years of applying, a…

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New Study Reveals Medical Dangers of Isolation

[Originally published in the NAELA eBulletin] Those who are socially isolated are over 40% more likely to have a cardiovascular event, such as a heart attack or stroke, than those who were socially integrated, new research has shown.  The German study, presented May 23, 2020 at the European Academy of Neurology (EAN) Virtual Congress, found…

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MEDICAID AND THE HOME – PART 2

by Thomas D. Begley, Jr., CELA [Article originally published in Straight Word]  This is the second part of a two-part series on Medicaid and the home.  The previous article discussed the circumstances under which the home would be a non-countable asset, the five forms of ownership, income and real state taxation, estate recovery, risk factors,…

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MEDICAID AND THE HOME – PART 1

by Thomas D. Begley, Jr., CELA           This is the first part of a two-part series on Medicaid and the home.  The most valuable asset that most Medicaid planning clients have is their home.  They also have very strong emotional attachments to the home.  There are a number of strategies available…

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