Medicaid Application Filing Services

Mayes & Associates is proud to offer a team of professionals helping families with unique issues in making Medicare & Medicaid decisions. We offer assistance with applying for Medicaid.

With a combined 10 years of experience, Mayes & Associates is comprised of Senior Medicaid Specialists, Medicare Advisors, in-house Financial advisors with expertise in Medicaid’s 5-year financial look-back, and Certified Senior Advisors to assist with senior placement and other services.

We speak Medicaid’s language and can assist you throughout the entire process. We have a 99% success rate on files submitted by Associates. Give us a call; we look forward to speaking & working with you.

What is Medicaid

Medicaid is a safety net. One of its primary purposes is to fund the costs of nursing facilities and assisted living facilities. The average cost of assisted living in New Jersey is $6,000 per month or $72,000 per year. If you qualify, Medicaid can help offset these costs, ensuring you receive a high level of care even if your savings can't pay for it all.

Who is Eligible

The Medicaid program is designed to help people pay for the often staggering costs of nursing homes and other long-term care options, but there's a caveat. You must adhere to numerous rules and regulations to receive benefits.

To qualify for Medicaid nursing homes in New Jersey, you must:

· Be a legal U.S. citizen or qualified alien

· Be a resident of New Jersey

· Meet income and asset requirements

· Be 65 years of age, blind, or permanently disabled

Medical Eligiblity

A pre-admission screening (PAS) is required to determine the applicant’s medical eligibility. A physical evaluation from a Medicaid nurse will ascertain whether you need assistance with activities of daily living (ADL), such as showering, dressing, eating, and toileting.

Financial Requirements

INCOME

A long-term care applicant’s income may not exceed certain limits. As of 2024, these limits are $2,829 per month. If your income is higher than this, Senior Planning Services can help you set up a Qualified Income Trust (Miller Trust) so you can still qualify.

ASSETS

A long-term care applicant’s assets must be below a certain threshold. As of 2024, the limit is $2,000 for singles, $3,000 for couples applying together, and a maximum of $154,140.00 for the non-applicant for couples with only one spouse applying.

It should be noted that Medicaid does not allow gifts or transfers within five years before getting onto Medicaid. If Medicaid does locate a gift or transfer, they will impose a period of ineligibility for Medicaid coverage. The period of ineligibility is also referred to as a penalty, and it will correspond to the amount of money that was gifted or transferred. Medicaid seeks to see the last five years of an applicant’s financial transactions. (There are some excludable transfers that Medicaid will allow an individual to do.)

Why Our Medicaid Specialists Are Different

In a word: Expertise.

At Mayes & Associates, this is what we do all day, every day. Our Medicaid specialists have the resources, relationships, and know-how to help our clients maximize their benefits. We don’t just guide individuals, couples, and families through the Medicaid process—we shoulder the burden of providing all the answers and alleviating all concerns during this particularly overwhelming junction of life.

Our Medicaid Planning Services

Offer a free Medicaid Consultation
Assist in obtaining 60 months of bank and financial statements from financial institutions' back offices.
Assist in obtaining verifications from banks regarding checks, deposits, and cash withdrawals
Shoulder burden to provide all verification to satisfy all Medicaid’s requests.
Assist families in utilizing excludable resources
Assist clients in the process of liquidating life insurance policies, annuities, stocks, etc.
Obtain missing documentation from the Vital Statistics office, if necessary
Update client on status consistently
Apply to the county Board of Social Services
Interact with the Board of Social Services caseworker regularly

The experts at M&A are just a phone consultation away.

Let us replace your stress and anxiety with direction and clarity.

Give us a call at (732)979-8756