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Feds Release 2020 Guidelines Used to Protect the Spouses of Medicaid Applicants
The Centers for Medicare & Medicaid Services (CMS) has released the 2020 federal guidelines for how much money the spouses of...

Salvatore Di Costanzo


Medicaid's Treatment of the Home
Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid, but that doesn't mean the house is...

Salvatore Di Costanzo


Medicare Premiums to Increase By Almost $10 a Month in 2020
After small or no increases the past couple of years, Medicare’s Part B premium will rise sharply in 2020. The basic monthly premium will...

Salvatore Di Costanzo


Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey
When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to...

Salvatore Di Costanzo


IRS Issues Long-Term Care Premium Deductibility Limits for 2020
The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term...

Salvatore Di Costanzo


Turkey, Football and Estate Planning
Traditionally, Thanksgiving is the holiday when the entire family, for better or worse, comes together. After the melatonin calms...

Salvatore Di Costanzo


The 2020 Social Security Increase Will Be Smaller than 2019's
The Social Security Administration has announced a 1.6 percent increase in benefits in 2020, nearly half of last year's change. The small...

Salvatore Di Costanzo


What to Do If You Are Appointed Guardian of an Older Adult
Being appointed guardian of a loved one is a serious responsibility. As guardian, you are in charge of your loved one's well-being and...

Salvatore Di Costanzo


Medicaid's Power to Recoup Benefits Paid: Estate Recovery and Liens
Federal law requires the state to attempt to recover the long-term care benefits from a Medicaid recipient's estate after the recipient's...

Salvatore Di Costanzo


Don't Let Medicare Open Enrollment Go By Without Reassessing Your Options
Medicare's Open Enrollment Period, during which you can freely enroll in or switch plans, runs from October 15 to December 7. Don't let...

Salvatore Di Costanzo


But I hired an attorney!
We receive this response too often from clients who, after working with another attorney on their elder law and estate planning matters,...

Salvatore Di Costanzo


Is there a limit on how much I can gift for Medicaid purposes?
Generally, in determining the Medicaid eligibility of a person receiving nursing facility services, any gifting of assets made by the...

Salvatore Di Costanzo


Most Are Taking Social Security at the Wrong Time
A new report finds that almost no retirees are making financially optimal decisions about when to take Social Security and are losing out...

Salvatore Di Costanzo


What to Look for When Buying an Annuity
An annuity can be a useful tool for long-term care planning, but annuities are also complex financial products that are hard to...

Salvatore Di Costanzo


Tips for Preventing, Detecting, and Reporting Financial Abuse of the Elderly
Reports of elder financial abuse continue to increase, and the elderly are particularly vulnerable to scams or to financial abuse by...

Salvatore Di Costanzo


Using a Medicaid Trust Without Losing Control
Over the years, I have found that one of the biggest obstacles preventing clients from pulling the trigger on a Medicaid Trust is the...

Salvatore Di Costanzo


Are my estate planning documents valid if I move to another state?
If properly drafted and executed, certain New York estate planning documents, such as a Last Will and Testament (“Will”) or a trust...

Salvatore Di Costanzo


Does it make sense to apply for community Medicaid if my Mom only needs a few hours of assistance?
This question often arises where an individual requires some assistance with her activities of daily living but can largely function on...

Salvatore Di Costanzo


SALVATORE M. DI COSTANZO NAMED TO 26TH EDITION OF THE BEST LAWYERS IN AMERICA©
Partner of Maker, Fragale & Di Costanzo, LLP Recognized for Work in Elder Law WESTCHESTER, NY (August 21, 2019) ‐- Maker, Fragale & Di...

Salvatore Di Costanzo


Should my college bound child have an estate plan?
It is never too early for an adult to implement an estate plan. The focus of a young adult, however, is much different than those of more...

Salvatore Di Costanzo
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