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Saturday, November 21, 2009
The Effects of Health Care Reform on Long-Term Care
Buried in both the House and Senate health care reform bills are important provisions that would make long-term care more affordable, help the elderly . . .
Medicare's Open Enrollment Season Has Begun
'Tis the season to be choosy -- time to reassess whether your Medicare plan is working for you. Medicare's open enrollment period began November . . .
Understanding Tenancy: The Different Ways to Co-Own Property

When two or more individuals own property -- whether it's a condominium, a home, or a piece of land -- the relationship...


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Questions + Answers
My father gifted some rental real estate to me in the neighborhood of $350,000. I have come across the rules on a 5-year look-back rule for Medicaid. My father has had some health problems in the past but is doing well for now. If he should need to go into a nursing home before the 5-year look-back period has ended, could I gift him the money to pay his nursing home bills until the 5-year period has...   
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Long-Term Care Guide Resource Image Looking Ahead: Estate and Long-Term Care Planning for You and Your Family Read More
Elder Law Discussion - Join Now » Harry's Elder Law Blog - Read More »
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Under current law, there will be no federal estate tax next year. Do you think Congress will allow this to happen?

   ElderLaw Tips     
If you remarry, you need to update your estate plan.

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Appealing a Medicare coverage denial is easy, and you have a good chance of winning, so it is worth your while to challenge it.

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Once you have written a new will, in most cases you should destroy your old will, but not always.

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Many divorced or widowed seniors receive Social Security from their former spouses, and remarriage can affect benefits.

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Medicare's coverage of nursing home care is quite limited.

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For Medicaid applicants who are married, only income in the applicant's name is counted in determining eligibility. The spouse's income is not counted.

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If you get help from Medicaid to pay for nursing home care, the state may file a claim against your house after you die.

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Most people can't afford to buy a gold-plated long-term care insurance policy that covers any possible need for any number of years.  So, what should you cut, the daily benefit amount or the number of years of coverage?  Most experts advise cutting the length of coverage.