Medicaid’s Asset Transfer Rules

Lavelle & Finn


In order to be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children on Tuesday, and qualify for Medicaid on Wednesday, so it has imposed a penalty on people who transfer assets without receiving fair […]

New Rule May Make It Harder for Medicare Beneficiaries to Receive Home Care

Lavelle & Finn


It may become harder for Medicare beneficiaries to find home health care due to a new rule from the Centers for Medicare and Medicaid Services (CMS). Although the rule changes the way home health care providers are reimbursed, it could affect patient care as well. Starting in January 2020, Medicare will reimburse home health agencies […]

Will My Advance Directive Work in Another State?

Lavelle & Finn


Making sure your end-of-life wishes are followed no matter where you happen to be is important. If you move to a different state or split your time between one or more states, you should make sure your advance directive is valid in all the states you frequent. An advance directive gives instructions on the kind […]

Grandparents Raising Grandchildren May Qualify for the Earned Income Tax Credit

Lavelle & Finn


Raising a grandchild can be tough financially, but grandparents should be aware that there is a tax credit available that could help them. Working grandparents who are supporting their grandchildren may qualify for the earned income tax credit, which could reduce the amount they pay in taxes by thousands of dollars or allow them to […]

Medicaid’s Gift to Children Who Help Parents Postpone Nursing Home Care

Lavelle & Finn


In most states, transferring your house to your children (or someone else) may lead to a Medicaid penalty period, which would make you ineligible for Medicaid for a period of time. However, there are circumstances in which transferring a house will not result in a penalty period. One of those circumstances is if the Medicaid applicant transfers […]

New Rule Once Again Allows Nursing Home Arbitration Agreements

Lavelle & Finn


The Trump administration is officially rolling back a ban on the use of arbitration agreements by nursing homes that was initiated under President Obama. The Centers for Medicare and Medicaid Services (CMS) issued a rule that once again allows nursing facilities to use arbitration to settle disputes with residents. Historically, nursing homes increasingly asked — […]

Reports Find Hospice Deficiencies Go Unaddressed

Lavelle & Finn


Hospice care is supposed to help terminally ill patients maintain their quality of life at the end of their life, but two new government reports find that serious problems in some hospices may be actually causing harm to patients. The reports go on to say that additional safeguards are needed. Medicare provides a comprehensive hospice benefit that […]

Should You Sell Your Life Insurance Policy?

Lavelle & Finn


Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called “life settlements,” can bring in needed cash, but are they a good idea? If your children are grown and your mortgage paid off, you may decide that there is no longer […]

How Gifts Can Affect Medicaid Eligibility

Lavelle & Finn


We’ve all heard that it’s better to give than to receive, but if you think you might someday apply for Medicaid long-term care benefits, you need to be careful; giving away money or property can interfere with your eligibility. Under federal Medicaid law, if you transfer certain assets within five years before applying for Medicaid, […]

Medicare Launches App to Help Beneficiaries Find Out What’s Covered

Lavelle & Finn


At the doctor’s office and want to know if a procedure is covered by Medicare? There’s an app for that. Medicare has launched a free app that gives beneficiaries a quick way to see whether the program covers a specific medical item or service. The “What’s Covered” app allows you to search or browse to […]