Spending Down Assets to Qualify for Medicaid Medicaid has strict asset rules that require applicants to "spend down" their assets before they can qualify for coverage.  It is important to know what you can spend your money on without endangering your Medicaid eligibility. In order to be eligible for Medicaid in New York, applicants must have no more than $15,150 in "countable" assets (the dollar figure may differ in other states).  In addition, Medicaid also has strict asset transfer [...]

February 14, 2018

LGT Welcomes New Associates

Levene Gouldin & Thompson, LLP is pleased to announce that Michelle C. McCabe-Szczepanski and Daniel J. Nugent have become Associates of the Firm. Michelle graduated from Le Moyne College in 2014, and in 2017 received her J.D. from the University at Buffalo School of Law. She will focus her practice in Family Law, Medical Malpractice and Litigation. Daniel graduated from Binghamton University in 2014, and received his J.D. from Syracuse University College of Law in 2017. He will focus his [...]

Home Health Care Patients With Chronic Conditions Are Having Trouble Getting Medicare Medicare is supposed to provide up to 35 hours a week of home care to those who qualify, but many Medicare patients with chronic conditions are being wrongly denied such care, according to Kaiser Health News. For a variety of reasons, many home health care agencies are simply telling patients they are not covered. Medicare is mandated to cover home health benefits indefinitely. In addition, Medicare is [...]

Two Popular Medigap Plans Are Ending. Should You Enroll While You Can? If you will soon turn 65 and be applying for Medicare, you should carefully consider which Medigap policy to enroll in because two of the most popular plans will be ending soon. In 2020, Medicare beneficiaries will no longer be able to enroll in Plans F and C. Between copayments, deductibles, and coverage exclusions, Medicare does not cover all medical expenses. Offered by private insurers, Medigap (or [...]

How Will the New Tax Law Affect You? While most of the new tax law has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers. Before we get into the details, be aware that almost everything listed below sunsets after 2025, with the tax structure reverting to its current form in 2026, unless Congress acts between now and then. The corporate tax rate cut, however, does not sunset. Here are the highlights for our readership:  [...]

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