Estate planning often prioritizes the legacy someone leaves when they die, but people can draft an assortment of documents that achieve a number of different goals. Often, people plan for their financial and medical needs during retirement in addition to providing...
Elder Law
What is the Medicaid penalty for those who need long-term care?
Although many older adults in New York eventually require Medicaid benefits to pay for long-term care, many people fail to actively plan to qualify for those benefits. They operate under the assumption that they can meet the necessary standards to qualify if they need...
When can people secure a guardianship under Article 81?
The law in New York establishes a few situations in which people can request guardianship. Article 81 grants concerned adults the option of seeking legal authority over someone struggling with health issues or cognitive decline. Someone who becomes a guardian of an...
Medicaid planning: unlocking the benefits
In healthcare and financial planning, Medicaid stands as a pillar of support for those in need. With its wide-ranging coverage, Medicaid has been a lifeline for countless individuals and families. This government assistance program provides medical coverage to...
Is it too late for me to apply for Medicaid?
As you get older, you naturally want to find as many ways to save money as possible. Healthcare is a particular area that puts a lot of financial pressure on New Yorkers as we age. And conditions like dementia, diabetes, heart disease and hypertension can strike...
New York proposes shorter look-back period for Medicaid
The State of New York has proposed a 30-month transfer of assets look-back period for coverage of community-based long-term care (CBLTC) services. The Medicaid Redesign Team II recommended the statutory change adopted by the New York State Legislature to ensure that...
Could a neuropsychology exam help you plan for the future?
You’ve started to get a little concerned about your spouse’s cognitive abilities. You’ve noticed that they’re more forgetful than you think is normal, and their personality has changed. They’ve gotten more withdrawn and moody. Could this be the early signs of mental...
NY Medicaid Expansion starts 1/1/2023
Effective January 1, 2023, New York State’s 2023 Fiscal budget is expanding the ability of New Yorkers who are 65+, blind, or disabled to qualify for Medicaid coverage by: raising the allowable amounts for Medicaid income eligibility level to 138% of the Federal...
Update to Medicaid Homecare in New York – July 2022
The Biden administration on Friday extended the Covid-19 public health emergency for another three months. US Department of Health and Human Services Secretary Xavier Becerra officially renewed the declaration, extending it through October 13, 2022. Medicaid is not...
2 financial risks involved with not planning for Medicaid
Most adults preparing for retirement don't want to depend on Medicaid for their care as they get older. Only those with limited income and assets will even qualify for New York Medicaid in the first place. You might expect Medicare to provide you with the support you...