Medicaid 2020 Update

MEDICAID 2020 UPDATE COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY. 2020 ASSET AND INCOME ALLOWANCES One Person Two Person Income Level *including $20 unearned income disregard $895 $1,304 Medicaid Resource Level $15,750 $23,100 2020 Medicaid Transfer Rates for Nursing Home Care Monthly Rates Nassau and Suffolk Counties $13,407 New York City… Read More »

Does Medicaid Pay for Assisted Living?

Generally, the answer to this question is “No”. However, Medicaid does have a program, aptly named the “Assisted Living Program” (or “ALP”) that does provide Medicaid coverage for an assisted living.  There are a number of facilities in New York, and about a half-dozen or so on Long Island, in the ALP program. Most assisted… Read More »

Applying for Community Medicaid – Part 1: What You’ll Need to Do

As the population ages and people are living longer than ever before, an increasing number of people find they need help at home.   Because the cost of paying for home care privately can be impossibly burdensome, many families choose instead to apply for Community  Medicaid (i.e. home care) to cover the cost. In order to… Read More »

Can a Family Caregiver Get Paid by Medicaid?

Yes, you can get paid through Medicaid as a Family Caregiver to your loved one through a program called “CDPAP” which means Consumer Directed Personal Assistance Program. This is a Medicaid-sponsored plan that empowers you to personally choose, evaluate and hire a friend or family member as your caregiver. Yes, you can get the care… Read More »

Tax Questions Answered: Do I Need to File a Tax Return for my Trust?

Question: I created an Irrevocable Medicaid Asset Protection Trust. Do I need to file a tax return for the trust? Answer: Appropriately named, a Medicaid Asset Protection Trust (“MAPT”) is a trust created to shield assets from Medicaid in order to preserve them for your family and generations to come. If properly drafted and funded,… Read More »

2019 Medicaid Levels Released

The New York State Department of Health recently issued General Information Statement (GIS) 18 MA/15 which sets forth several of the 2019 Medicaid figures.   Here are a few of them (as compared to 2018) – Minimum Monthly Maintenance Needs Allowance (“MMMNA”) – $3,160.60 ($3,090) Community Spouse Resource Allowance (“CSRA”) – $126,420 ($123,600) Resource limit… Read More »