Category Archive: Elder Care Law

Oct 27

How Does the Medicaid Look-Back Period Work?

Medicaid Look Back Period

One area that causes a lot of confusion with regard to Medicaid is the look-back period. Medicaid, unlike Medicare, is a means-based program, which means that you are only eligible for it if you have very few assets. The government does not want you to transfer all your assets on Monday in order to qualify …

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Oct 10

How to Reverse Medicare Surcharges When Your Income Changes

Reverse Medicare Surcharges

What happens if you are a high-income Medicare beneficiary who is paying Medicare surcharges on your premiums and then your income changes? If your circumstances change, you can reverse those surcharges. Higher-income Medicare beneficiaries (individuals who earn more than $85,000) pay higher Part B and prescription drug benefit premiums than lower-income Medicare beneficiaries. The extra amount the …

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Oct 06

Why You Should Use a Lawyer for Medicaid Planning

Many seniors and their families don’t use a lawyer to plan for Long-Term Care or Medicaid Planning, often because they’re afraid of the cost. But an attorney can help you save money in the long run as well as make sure you are getting the best care for your loved one. Instead of taking steps …

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Jul 12

How Medicare Benefits and Employer Coverage Coordinate

Medicare benefits start at age 65, but many people continue working past that age, either by choice or need. It is important to understand how Medicare benefits and employer coverage work together. Depending on your circumstances, Medicare is either the primary or secondary insurer. The primary insurer pays any medical bills first up to the …

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Jul 12

Relief From Medicare Part B Late Enrollment Penalty Offered to Some

Medicare is offering relief from the Medicare Part B Late Enrollment Penalty for certain Medicare beneficiaries who enrolled in Medicare Part A and had coverage through the individual marketplace. For a short time, these individuals will be able to enroll in Medicare Part B without paying a penalty for late enrollment. Individuals who do not enroll in …

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Mar 21

Medicaid for Millionaires?

Medicaid for Millionaires? Can a millionaire qualify for nursing home Medicaid? Part of the practice of Medicaid planning is to position a client in such a way that the client will financially qualify for Medicaid. At first blush, a client with a large net worth would not meet the financial criteria for Medicaid. But can …

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Sep 10

Advanced Age Marriage- Prenups are not just for divorce

Marriage Later In Life

  Marriage Later in Life Anytime two people get remarried and there are children from a previous marriage there needs to be consideration of how your estate plan will function with your children and your new spouse.  Your estate and assets were built over time with a previous spouse, or on your own with the …

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May 21

Record keeping and Medicaid Applications in NY

Joann was a good daughter.  She did what any good daughter would do:  when mom became ill, she sacrificed her own life and well being to take care of mom.  She left full time employment and took a part time job, so she could be with mom to help her take care of her medical …

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