Some people have been putting off their estate planning due to the Covid-19 pandemic. Many have also postponed their long-term care planning. Critical documents such as their Power of Attorney and Health Care Proxy have not been put in place.…
The Power of Attorney (“POA”) is an important document most people should have, particularly seniors. The POA gives authority to an agent you choose to act on your behalf with regard to the matters and issues specified in the document. …
2021 Quick Summary Chart for New York Medicaid Levels Key Information: Asset ("Resource") Eligibility Levels Maximum Home Equity that does not count towards Resources Income Eligibility Levels "Regional Rates" used to calculate the Nursing Home Penalty Period Printable Version: 2021…
The end of the year is always busy – but don’t put off planning for your long-term care! Upcoming changes to New York’s Medicaid program make it more compelling than ever to take action now, if you see long-term care…
The New York State budget enacted in April made dramatic changes to the state’s Medicaid Program. Two key, and extremely consequential, changes are (a) a new 30-month “look back” for Community Medicaid services, and (b) new requirements to qualify for…
The elder care attorneys at Lamson & Cutner are continuing to meet with new and existing clients by Zoom conference or telephone. Clients can update or create their estate plan or long-term care plan from the comfort and safety of…
Lots of people think they don’t have to worry about estate taxes, because they think they don’t have enough assets to be subject to estate taxes. But even if you don’t consider yourself “rich,” you might be surprised – and…
Be Informed and Take Action Now! While almost everyone was focused on the coronavirus pandemic, the New York State Legislature, flying under the radar, took the opportunity to include new Medicaid rules in the budget. The changes will make it…
New York State Has Published the 2020 Medicaid Regional Nursing Home Rates How the ‘Regional Rate’ is used to calculate the Medicaid Nursing Home Penalty Period If you are about to enter a nursing home, and you have made…
New York State’s Department of Health has released their annual statement, listing the various levels of income and resources used to determine eligibility for Medicaid in 2020. Some of the most frequently-used figures are shown in the chart below. These…