fbpx
365 Route 59, Suite 231 ~ Airmont, New York 10952
(845) 425-3900 info@haaszaltz.com

What to Do If You Lose Your Medicaid Coverage

July 6, 2023 During the COVID-19 pandemic, states could not take away Medicaid coverage from any residents enrolled in this program. In recent months, however, this has been changing. If you are on Medicaid, be sure to take some time to understand whether your coverage may be at risk. How…

Supreme Court Preserves Right to Sue Public Nursing Homes

June 29, 2023 In a major win for nursing home residents and their families, the U.S. Supreme Court has upheld the right to sue government-run nursing homes under the Federal Nursing Home Reform Act (FNHRA). In a 7-2 decision, the court decided that these plaintiffs could seek relief in federal…

CMS: Medicare Will Soon Cover Certain Alzheimer’s Treatments

June 26, 2023 Medicare recipients living with a diagnosis of Alzheimer’s recently received promising news: The Centers for Medicare & Medicaid Services (CMS) has announced that it would begin covering new Alzheimer’s treatments that receive approval from the FDA. “If the FDA grants traditional approval, CMS is prepared to ensure…

The Wonder of Wills

June 12, 2023 This blog often focuses on Revocable Trusts and the flexibility, continuity, and protections that they provide. Of course, in addition to the foregoing benefits, trusts avoid the probate process, which can be lengthy and expensive in some states. While extolling the virtue of an Estate Plan based…

Senior Citizens Face Loss of Buying Power, Study Shows

June 5, 2023 Inflation affects all consumers, but older Americans are facing an especially dramatic loss of buying power. A recent survey by the Senior Citizens League shows that Social Security benefits have seen a 36 percent loss in buying power since 2000. That number is actually an improvement from…

Getting Paid as a Family Caregiver Through Medicaid

May 29, 2023 Caring for an ailing family member is difficult work, but it doesn’t necessarily have to be unpaid work. There are programs available that allow Medicaid recipients to hire family members as caregivers. All 50 states have programs that provide pay to family caregivers. The programs vary by…

Will Robotics and AI Be the Future of Elder Care?

May 29, 2023 Adults 65 and older constitute the fasting-growing age demographic in the United States. When it comes to elder care, this expanding population is facing a scarcity in people equipped to support them as they get older. One estimate predicts a shortage of 151,000 paid direct care workers…

Avoid Foreclosure With Repayment Plan for Reverse Mortgages

May 22, 2023 Using reverse mortgages, adults 62 and older may draw upon home equity to support their needs and remain in their homes. Many older adults with reverse mortgages have a Home Equity Conversion Mortgage (HECM). The Federal Housing Administration insures HECMs, and the U.S. Department of Housing and…

The Joy in Joint Trusts

April 26, 2023 Married individuals may decide to create a joint trust to address their Estate Planning needs. Joint trusts make sense in community property states because those states consider assets accumulated during the marriage as community assets and require that both spouses have equal management rights with respect to…

How Tax and Non-Tax Considerations Impact Estate Planning- Part II

April 26, 2023 When most folks think about Estate Planning, they focus on who gets what along with who distributes what. In some cases, clients consider their taxes, but that often occurs only when their estate will exceed the Applicable Exclusion Amount (currently $12.92 million in 2023). Comprehensive Estate Planning…