New Jersey Long-Term Care Planning
Long-term care planning now can help protect your assets from long-term care costs down the road.
When a loved one requires significant assistance as part of their daily life, family members are often given the choice of adding on the responsibilities and time of at-home care to their current job or paying the significant costs of seeking help from professional caregivers.
Caring for another person is a full-time job, if not more, and there is nothing wrong with asking for help. However, the costs of professional caregivers, assisted living, or nursing home care can be very high. Only the most fortunate families will be able to afford those costs out of pocket.
Applying for Medicaid to cover long-term care costs can alleviate that financial burden from the family at the same time as the help from caregivers can alleviate some of the stress and difficulty of helping an aging parent or loved one.
We often work with families before there is any need for long-term care to protect assets proactively. This provides the greatest flexibility and gives peace of mind knowing that if long-term care is needed in the future that your family is protected and a plan is in place.
With careful planning, individuals can protect their assets from long-term care costs and qualify for Medicaid without having to utilize or spend down all of their assets first. At Van Dyck Law Group, we help clients to make a plan that can meet as many of your goals as possible and minimize the financial burden of Medicaid qualification. We can frequently assist households to meet Medicaid eligibility rules and can help protect certain assets from estate recovery after the recipient’s death.
In order to qualify for Medicaid, your loved one will need to meet specific requirements and provide evidence to prove that to the New Jersey Division of Medical Assistance and Health Services (DMAHS). You can read more about how we can help you with that process in our article, New Jersey Medicaid Rules for Long-Term Care.
Medicaid can cover many kinds of caregiving and associated benefits, including:
- Access to all NJ FamilyCare Plan A Benefits
- Care Management
- Home and Vehicle Modifications
- Home Delivered Meals
- Personal Emergency Response Systems
- Mental Health and Addiction Services
- Assisted Living
- Community Residential Services
- Nursing Home Care
Eligible individuals can receive care at a qualifying facility, through in-home support, or via services like transport to medical appointments.
Speak to a New Jersey Elder Law Attorney About Long-Term Care Planning
Qualifying for Medicaid is a major boon for individuals and families struggling with long-term care needs. Without proper planning based on available resources, long-term care can easily exhaust the entirety of a household’s savings. Exploring your options for long-term care planning and speaking with an experienced attorney familiar with state rules can increase the chances that you are able to receive the needed care without jeopardizing your family’s financial future.
Schedule your confidential, no-risk case evaluation and consultation now when you call Van Dyck Law Group at (609) 293-2621 or contact us online.