When choosing a Medicare Advantage insurance plan, do you know what can be important to keep in mind? First, you should check out what type of coverage may be offered in the three different areas that the typical plan encompasses. Second, you should take a close look at whether Continue reading
Category: Blog
Open Enrollment: Medicare is Not Medicaid
Open Enrollment in 2020 will run from Sunday, November 1, 2020, through Tuesday, December 15, 2020, for health insurance coverage beginning on January 1, 2021. During Open Enrollment for health insurance, you may have questions about what type of health insurance plan you are eligible Continue reading
Do the New Medicaid Rules in New York Impact My Current Planning?
Have you considered that in every state, Medicaid rules intersect with estate planning guidance? New York is no different. Your Medicaid eligibility is impacted by your assets and it can be important to understand your options if you want to plan for Medicaid eligibility. In New York, Continue reading
Do Adult Children Have to Cover the Cost of a Parent’s Long Term Care?
Did you know that some states have filial laws on the books that can make family members responsible for covering the costs associated with getting care for aging or ill parents? Most states that have filial laws in place rarely enforce them, but there seems to be an uptick in the Continue reading
Planning For Long-Term Care At Home
Most of us do not think about it, but the reality is that we will likely need some form of long-term care as we age. Although most people think they need to go into a skilled nursing home facility, there are options for the home. Medicaid can help pay for this, but have you heard Continue reading
The Difference Between Revocable and Irrevocable Trusts
Have you ever heard of the term legalese? It is the language unique to the legal profession that often appears in fine print. This makes it easy to ignore, hard to read and, for the uninitiated, impossible to understand. To complicate matters further, some legal terminology is unique Continue reading
Changes to New York State Medicaid Laws Have Arrived
Did you know that, on October 1, 2020, significant changes to New York’s Medicaid law are anticipated to go into effect? These changes are likely to make it more difficult for many New Yorkers to obtain Medicaid benefits for long-term care costs, including valuable home care costs. Continue reading
Tough Questions to Ask Your Aging Parents
Estate planning topics can be stressful at the best of times. Talking these things through with your aging parents can be especially difficult, both for you and for them. Did you know, however, that asking your parents questions regarding their plans for the future can end up bringing Continue reading
Why It Is Critical to Keep Your Original Estate Documents in a Safe, Secure Place
Are you aware of what can be addressed by an estate plan? A comprehensive estate plan does not just deal with financial assets and their passage to loved ones after an estate holder’s death, but it also addresses important health care considerations like advance directives and medical Continue reading
Consideration for You and Your Aging Loved Ones When Moving Into a Nursing Home
Are you caring for an aging parent or grandparent? Are you the primary caregiver for an Older American? Has the time come when you can no longer care for this person safely in your own home? Maybe this responsibility has become too time-consuming as you are working full time as well, Continue reading