If you plan to move states, can you take your Medicare or Medicaid plans with you? The answer depends on whether you have original Medicare, Medicare Advantage, or Medicaid. Medicare If you have original Medicare (Plans A and B), you can move anywhere in the country...
As we mentioned in the May edition of our newsletter, in April 2020, the NY State 2020 Budget Bill instituted a two-and-a-half-year look-back period for eligibility for New York Community Medicaid – i.e., the program which covers long-term home care services. Although...
Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your children. With the SECURE Act...
Transferring assets to qualify for Medicaid can make you ineligible for benefits for a period of time. Before making any transfers, you need to be aware of the consequences. Congress has established a period of ineligibility for Medicaid for those who transfer...
While many have bemoaned the reality that a Power of Attorney (“POA”) can be misconstrued as a grant of authority to steal, the potential tax consequences of such a scenario have been largely neglected. In a recent case, Nice v. United States, it was determined that...
Access to affordable medical care is especially important during a global health crisis. You should be aware that federal law prevents states that have accepted increased Medicaid funding from terminating Medicaid benefits while the coronavirus health emergency...
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