If it seems as though the laws associated with Medicaid in New Hampshire are confusing, you’re right. There are several confusing aspects to providing long term care either in home or in a hospital or similar facility. Now, though, it could be shifting if New Hampshire lawmakers are able to incorporate the Balancing Incentive Payments Program. Balancing Incentive Payments Program BIPP is being incorporated not only in New Hampshire, but other states as well; it’s a $3 billion … [Read more...] about New Hampshire and its Balancing Incentive Payments Program
Is Assisted Living Right for Your Family?
Assisted living has become that long overdue “happy medium” that families have waited for to provide peace of mind while also helping their elderly loved one maintain some degree of independence. It’s often a preferred option to a nursing home while also having skilled medical care on the grounds. While it’s not the right choice for many, many of us know that our parents are living longer and healthier in a modern society – which makes it right for those families. Remember, each state has its … [Read more...] about Is Assisted Living Right for Your Family?
Long Term Care in New Hampshire [Infographics]
Ongoing Long Term Care Problems
By now, you may have heard about several recommendations made by the Federal Commission on Long Term Care for older Americans. These recommendations came in late 2013 and unfortunately, they did nothing for actually fixing the problems. Many thought the group would endorse one of the many programs being offered for long term care solutions, but for whatever reasons, it opted not to even do that much. James Firman, president of the National Council on Aging said at the time, “We’re … [Read more...] about Ongoing Long Term Care Problems
Medicaid’s Long Term Coverage
In the 2000, there were close to 10 million people in need of some form of long-term care in the United States. Slightly less than 40 percent were under the age of 65. Around 6 million were over the age of 65. Not only that, but 70% of people turning age 65 will need long-term care at some point in their lives. The compliance issues for Medicaid qualification are extensive and your estate planning lawyer can help you work through all of the dynamics to ensure financial protection without … [Read more...] about Medicaid’s Long Term Coverage
Partisan Politics Jeopardize Medicare…Again
Many have cautiously waited for the proverbial “other shoe” to drop in the Medicare debate. Recently, it appears to have dropped with President Obama’s announcement of Medicare payment rate cuts for its managed care plans. These cuts will affect around one-quarter of all Medicare recipients. Needless to say, the politicians began their classic back and forth acts. But what does it really mean for the average American Medicare recipient? Perhaps what was most surprising is that these new … [Read more...] about Partisan Politics Jeopardize Medicare…Again
Placing A Child’s Name on Titles to Assets
Very often estate planners will come across parents placing their child’s name on all of their accounts and on the deed to their home in an effort to save their child the hassles involved in the probate process and to provide the child with access to their accounts in the event of an emergency. Parents may consider their child to be completely trustworthy and responsible, and that may be the case, however, rarely do parents consider the unexpected events that happen in daily life. … [Read more...] about Placing A Child’s Name on Titles to Assets
Medical Power of Attorney and Durable Power of Attorney
Two important documents that should be a part of any estate plan are the medical power of attorney, sometimes referred to as the health care proxy and the durable power of attorney. Each play distinctive roles in ensuring your wishes are adhered to should be suffer an injury or otherwise become incapacitated. Medical Power of Attorney A health care proxy or medical power of attorney is a document that allows you to name an individual, and ideally at least one alternate, who will step up to … [Read more...] about Medical Power of Attorney and Durable Power of Attorney
HIPAA and Estate Planning
Although it’s been in effect for more than six months, there’s still a lot about the Health Insurance Portability and Accountability Act, or HIPAA, that many are unaware of. Not knowing, though, can mean big problems for anyone trying to reach you if you’ve been admitted into a hospital – and that’s just the tip of the iceberg. September was also an important month as more of the laws protections kicked in. Blame it on the advances of technology and privacy concerns that continue to grow in … [Read more...] about HIPAA and Estate Planning
Why Probate Matters
Maybe it’s the confusion because of so many differences between states or it could be confusion surrounding the debate of whether an attorney is necessary to avoid probate. At any rate, this week, we explore the entire probate quagmire and why getting the facts can make all the difference for the loved ones left to cover the bases after death. Some say probate is burdensome – and it is. It’s also expensive and time consuming. The laws – both state and federal – certainly don’t ease the … [Read more...] about Why Probate Matters
