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Medicaid Lawyers | Medicaid Law

A Medicaid Lawyer's primary objective is to help you
protect assets by properly planning and
applying for Medicaid benefits

Courtesy: Begley & Bookbinder

MEDICAID SPECIAL ALERT

 By Thomas D. Begley Jr. Esquire - 12/20/2005

At 6:15 this morning the House of Representatives passed S.1932, The Deficit Reduction Act of 2005.  This bill extended the “Lookback” for Medicaid transfers to 60 months and, in effect, prohibits any transfers of assets for a period of 5 years before a person requires long-term care financed by Medicaid.

The bill now goes to the United States Senate, where it is expected that the Senate will vote on this measure on Tuesday.  It then goes to the President for signature.

Transfers made prior to the date the President signs the bill will be grand-fathered.  Any client of the firm who has not yet completed their transfers is urged to do so Monday, if possible, Tuesday at the latest.

If you have any questions, please do not hesitate to contact this office IMMEDIATELY.

 Begley & Bookbinder, P.C. is a law firm that specializes in Elder & Disabilities Law.
 We are based in Moorestown, NJ, with offices in Stone Harbor & Lawrenceville.

Medicaid in the United States is a program managed by the states and funded jointly by the states and federal government to provide health insurance for individuals and families with low incomes and resources. Medicaid is the largest source of funding for medical and health-related services for people with limited income. Among the groups of people served by Medicaid are eligible low-income parents, children, seniors, and people with disabilities.

 


 

 

 

Medicaid