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365 Route 59, Suite 231 ~ Airmont, New York 10952
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Understanding Medicaid’s Long-Term Care Spousal Impoverishment Rules

February 13, 2024 The prospect of long-term care often brings with it many financial concerns. As we experience our declining health or that of an aging family member, we begin to realize that long-term care needs at home or in a facility could be necessary. When looking into local senior…

Protect Your House When You Want to Qualify for Medicaid

February 8, 2024 You generally do not have to sell your home to qualify for Medicaid for nursing home coverage. However, it’s possible for the state to file a lien against your home after you die. So, you may want to take steps to protect your house. If you get…

States With the Highest and Lowest Assisted Living Costs

January 31, 2024 Today, 58 million adults in the United States are 65 and older. Seniors make up more than 17 percent of the American population. The U.S. Census Bureau expects this number to reach 83.7 million by 2050. Meanwhile, one in every seven older adults will at some point…

There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan

January 24, 2024 Matthew Perry was probably best known for his role as the sarcastic, neurotic, and always witty, Chandler Bing on the hit-tv show, Friends. He died suddenly at the age of 54. He was unmarried, had no children, and was survived by his parents, five half-siblings, and legions…

Medicare Benefits 2024: 5 Positive Changes for Seniors

January 16, 2024 More than 65 million seniors across the country benefit from Medicare, a government health insurance program. When Does Medicare Start?At age 65, you become eligible for Medicare if you are a U.S. citizen. You do not have to wait until you retire to apply for the program….

Medicaid Redetermination: In One State, Many Didn’t Renew

January 10, 2024 Results of a recent survey led by the Department of Health and Human Services in Utah reveal that more than half of the state’s residents who lost their coverage during Medicaid’s “unwinding” process in 2023 did not attempt to resecure their benefits. What Is Medicaid?Medicaid is a…

Starting 2024 the Right Way…with an Estate Plan!

January 9, 2024 Welcome to 2024! The year 2023 left many feeling unsettled and taught us some tough lessons, most of which focus on preparing for the unexpected and unthinkable. Creating an Estate Plan helps give us a feeling of control and peace of mind, knowing that your loved ones…

Retirees: Deduct Your Long-Term Care Insurance Premium

December 28, 2023 Even if you have a long-term care insurance policy, you may likely be hoping that you won’t ever have reason to use it. Regardless of what the future holds, there’s one silver lining of which you may not be aware. That is, premiums on many long-term care…

Tax Planning for 2024

December 26, 2023 As 2023 draws to a close and the New Year dawns, we need to think of…tax planning for 2024 and beyond! Some years Congress tweaks the laws more than other years. While 2023 held plenty of surprises, it was a relatively quiet year for legislative changes impacting…

Are You a Family Caregiver? New Bill Seeks to Lower Costs

December 14, 2023 Recently proposed legislation seeks to offer financial relief for unpaid family caregivers. Introduced in November 2023, the Lowering Costs for Caregivers Act of 2023 is the result of a bipartisan effort to lessen the costs of family caregiving. The American Association of Retired Persons (AARP) has also…