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QUESTION: A social worker has told me that if I have divested my savings to my
child, and I have NOT entered a nursing home, that each month my child
will be allowed to keep $7,000.
Does anyone know if this is true? Or where I can find this
information without going to the hellish medicaid bureaucracy.
Thank you all for your help.
Hoping in New Jersey.
ANSWER: The only ones who can explain New Jersey's rules for Medicaid nursing home
assistance are social workers in New Jersey - Medicaid is a state run
program - not sure where you'd go on the Internet to locate the info you
seek. When applying to the county welfare agency for special institutional
services including nursing home care, you must make an accurate report of
your actual income. Normally, that income ( except for a personal needs
allowance and certain disregards, if applicable) must be applied to the cost
of your care.
Effective July 1, 1995, New Jersey has instituted a Medically Needy Program
for nursing home care. Persons who have income of less than $1,374 per month
have a choice between Medicaid Only and Medically Needy. Medically Needy
does not have all of the coverage available as Medicaid Only. Medicaid Needy
does not cover Medicare Part B premiums, chiropractic visits, in-patient
hospital services and out of nursing home pharmaceuticals.
When considering an application for Medicaid, one should bear in mind that
the rules are fairly complicated, and that transfers of assets to third
parties (such as gifts to children) in order to become eligible for the
program can result in a penalty period being imposed during which payments
by the State will not be made for nursing home care.
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