Medicaid Planning

New Jersey Medicaid Planning Lawyers

Serving People Throughout New York and New Jersey

In years past, one could qualify for Medicaid by simply transferring assets to family members and loved ones and waiting a relatively short period of time. Federal legislation enacted in 2006 makes this more difficult. It is still possible to qualify for Medicaid by disbursing assets, but unless it is done properly and in accordance with the law, the elderly person could face costly financial penalties.

Michael A. Manna & Associates is an experienced Medicaid planning and elder law firm. We understand the law and how to use it qualify for Medicaid while retaining assets or transferring them legally to family members.

Call 201-345-3018 or send us an e-mail for a free consultation. A lawyer at our firm can evaluate your situation and what we can do to help your loved one qualify for Medicaid.

Looking Back — and Looking Forward

Federal law subjects asset transfers prior to application for Medicaid to a five-year look-back period for all transfers made on or after February 8, 2006. In other words, if you transfer assets on or after February 8, 2006, you will be ineligible for Medicaid for five years. There are significant exceptions to this general rule and properly structured transfers can reduce and/or eliminate this ineligibility period and significantly reduce financial penalties.

Using these provisions in the law may provide a means to get round these penalties. Michael A. Manna & Associates understands these provisions. In most cases we usually devise a strategy to qualify for Medicaid while legally transferring assets to another family member. Your loved one gets the Medicaid he or she needs, and the relatives can receive a portion of those assets. If the person seeking Medicaid is married, it works even better — in many cases you can save significantly more assets than a single person.

Experienced Medicaid Planning Attorneys

Michael A. Manna & Associates has helped hundreds of New Jersey and New York residents plan for Medicaid and transfer assets legally to family and loved ones.

With our help, your loved one can get the medical care he or she needs — without large financial penalties.

Contact a Medicaid Planning Attorney