Miller Trusts Now Approved In New Jersey

A much-awaited  change has now come to New Jersey. In the past, two programs related to elder care determined eligibility in New Jersey: the Medicaid Only program and the Medically Needy program.  While the Medically Needy program only provided payment for care in a nursing home, the Medicaid Only program pays for long-term care in an assisted living facility, at home, or any nursing home. The Medicaid Only program, however, has an income cap of 300% of federal benefit rates for SSI. The Medically Needy program, however, has no income cap.

As of December 1, however, the Medically Needy program  is being eliminated. The new program in New Jersey pays for long-term care at home, in an assisted living residence, or in a nursing home. although there is no income cap.  For this program, any applicant whose monthly income is higher than $2,163 must put income above that level into a trust known as a Miller Trust.