New 2021 Medicaid, Medicare, VA Pension & Estate Tax Numbers

New 2021 Medicaid, Medicare, VA Pension & Estate Tax Numbers

How much are the 2021 Medicare benefit deductibles?: hospital deductible $1,484, co-insurance (days 61-90) $371/day, and skilled nursing facility co-insurance (days 21-100) $185.50/day. How much are the 2021 Medicaid Institutional and Community/Home Care resource and income allowances? (Community / Home Care Benefits are in parenthesis): resource allowance $15,900 ($15,950), income allowance $50 ($884), community spouse […]

Nursing Homes Can’t Take Stimulus Checks

Nursing Homes Can’t Take Stimulus Checks

The Federal Trade Commission has warned nursing homes and assisted living residences that they cannot require residents on Medicaid to sign over their Covid-19 stimulus checks to pay for their care bills. According to the CARES Act, those economic impact checks are considered tax credits which do not count as “resources” for federal benefits programs, such […]

Transfer of Assets Rules

Transfer of Assets Rules Buffalo Medicaid Lawyer Medicaid Attorney

If you are looking to get Medicaid, you may be feeling worried about if you qualify. This is what you need to know about transfer of assets. Any asset transferred for the purpose of qualifying for Medicaid is considered an impermissible transfer of assets for which a penalty is imposed. Any transfer of assets for […]

What Will Happen to My Home on Medicaid?

What Will Happen to My Home on Medicaid Buffalo Lawyers

Knowing that it is time to think about leaving your home can be a very sad time. There is so much that is changing, and you want to know that the best move is for you. How can you protect your home while remaining eligible for Medicaid? What arrangements can be made? Take this information […]

5 Qualifying Medicaid Tips

5 Qualifying Medicaid Tips

5 Facts You Probably Did Not Know About Qualifying for Medicaid Download Our Free Medicaid eBook Your health and the health of your family are two of your highest priorities, and nothing should stand in the way of your family’s well-being. You can preserve your family’s assets, while accessing long term care services through the Medicaid […]

Tools to Pay for Long-Term Health Care and Protect Your Estate

Tools to Pay for Long-Term Health Care and Protect Your Estate

Medicaid planning Download Our Free Medicaid eBook Retirement should be an age of few worries. However, after the first few weeks or even years of leisure, travel, and time spent with your family, you may begin to harbor growing concerns about protecting your rights and assets as you age – both for yourself, as you […]

Buffalo Elder Law Attorney Discusses Medicaid Penalties

Buffalo Elder Law Attorney Discusses Medicaid Penalties

As a Buffalo Elder Law Attorney, people often ask me about the penalty for the five-year look-back period. Essentially if you’ve made any gifts in the past five years prior to applying for Medicaid, you will be penalized. Gifts are those that are done in anticipation of going to a nursing home. The gifts may […]

Buffalo Elder Law Attorney Discusses NY Statutory Power of Attorney Gift Rider

Buffalo Elder Law Attorney Discusses NY Statutory Power of Attorney Gift Rider

As a Buffalo Elder Law Attorney, I am often asked what is the power of attorney statutory gift rider. This rider has been around since 2009 with the major changes in the powers of attorney. The basic power of attorney now authorizes the agent to make gifts of only $500 per year. If you wish […]

Buffalo Elder Law Attorney Discusses Real Estate Exemption for Medicaid Eligibility

Buffalo Elder Law Attorney Discusses Real Estate Exemption for Medicaid Eligibility

As a Buffalo Elder Law Attorney, many of my clients’ most valuable asset is their home. There are many protections for those who are going to nursing homes that own homes. First off, if you have a child caregiver, you may be able to transfer the house to them without being penalized. If you’ve had […]