After small or no increases the past couple of years, Medicare’s Part B premium will rise in 2020. The basic monthly premium will increase $9.10, from $135.50 a month to $144.60. The Centers for Medicare and Medicaid Services (CMS) announced the premium increase on...
The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below) are tax deductible to...
This is something of a gray area. Medicaid has income rules and generally any money you receive directly is considered income and may put you over the income limits in your state. However, payments made on your behalf generally are not considered to be income for...
Written By: Andy Jones To the relief of disability rights advocates nationwide, the U.S. Supreme Court has declined, without comment, to hear an appeal of a landmark ruling that pizza giant Domino’s must make its website and app accessible to people with disabilities....
The answer is probably yes. The state Medicaid agency would likely consider the payments to repair the condominium to be a transfer of assets causing a period of ineligibility for Medicaid. While your mother lived in the condo, you could have charged her fair market...
Recent Comments