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Wednesday, February 11, 2015

4 Key Things to Know about Trusts and Medicaid Planning - AgingCare.com

4 Key Things to Know about Trusts and Medicaid Planning - AgingCare.com

 There are many types of trusts that can be helpful in protecting your assets while allowing you to qualify for Medicaid. This article is a brief overview of the things you need to know when setting up a trust.

It must be irrevocable: An irrevocable trust cannot be altered or amended, and are thus the only type of trust that offers any benefit for Medicaid planning.

Thursday, February 5, 2015

“Uncompensated Pending Medicaid Beneficiary Payment Relief Act,”

A3928
An Act providing compensation relief to long term care facilities when Medicaid eligibility determinations are delayed, designated the “Uncompensated Pending Medicaid Beneficiary Payment
     1.    The Commissioner of Human Services shall make an advance payment to a nursing facility, an assisted living residence, or a comprehensive personal care home licensed pursuant to P.L.1971, c.136 (C.26:2H-1 et seq.), at the facility’s request, whenever the facility is providing uncompensated services to one or more residents whose eligibility for Medicaid has not been determined more than ninety days after an application has been filed.  Any such advance payment shall not exceed fifty percent of the estimated amount due for the uncompensated services.  No later than 30 days after any such application is granted and payment has been made to the facility, or after any such application has been denied, the commissioner shall:  provide reimbursement for any balance due to the facility; or recover any advance payments made on behalf of an applicant deemed ineligible for Medicaid by reducing any payments due to the facility.

     2.    The Commissioner of Human Services shall apply for such State plan amendments or waivers as may be necessary to implement the provisions of this act and to secure federal financial participation for State Medicaid expenditures under the federal Medicaid program.

     3.    The Commissioner of Human Services shall, in accordance with the “Administrative Procedure Act,” P.L.1968, c.410 (C.52:14B-1 et seq.), adopt any rules and regulations as the commissioner deems necessary to carry out the provisions of this act.

     4.    This act shall take effect on the first day of the fiscal year next following the date of enactment, except that the Commissioner of Human Services may take such anticipatory administrative action in advance thereof as shall be necessary for > the implementation of the act.
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STATEMENT

     This bill, designated the “Uncompensated Pending Medicaid Beneficiary Payment Relief Act,” would provide payments to certain long term care facilities for residents who have applied for Medicaid but whose eligibility has not been determined more than 90 days after the initial application.  The bill requires the Commissioner of Human Services to make advance payments to a nursing facility, an assisted living residence, or a comprehensive personal care home, at the facility’s request, whenever the facility is providing uncompensated services to one or more residents whose eligibility for Medicaid has not been determined more than ninety days after an application has been filed.  Any such advance payment would not exceed fifty percent of the estimated amount due for the uncompensated services.  No later than 30 days after any such application is granted and payment has been made to the facility, or after any such application has been denied, the commissioner would be required to:  provide reimbursement for any balance due to the facility; or recover any advance payments made on behalf of an applicant deemed ineligible for Medicaid by reducing any payments due to the facility.