Let Us Reintroduce Ourselves
As we welcome the New Year, we would like to remind you about the many services and practice areas available at Russo Law Group, P.C. Whether you have been a part of Team Russo for years or recently became a…
Can a Family Caregiver Get Paid by Medicaid?
Yes, you can get paid through Medicaid as a family caregiver to your loved one through a program called Consumer Directed Personal Assistance Program (CDPAP). This Medicaid-sponsored plan empowers you to choose, evaluate, and hire a friend or family member…
End of Public Health Emergency for NY Medicaid
Although it may not seem that Covid-19 is a thing of the past, according to New York State’s Medicaid program, some of the relaxed rules enacted during the pandemic are quickly coming to an end. What Is Changing? During the…
Medicaid 2023 Update
MEDICAID 2023 UPDATE COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY. 2023 ASSET AND INCOME ALLOWANCES One Person Two People Income Level *including $20 unearned income disregard $1,697 $2,288 Medicaid Resource Level $30,182 $40,821 2023…
Vincent Russo on CFN Live: Medicaid Home Care: Know Your Legal Rights
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on November 22nd to discuss "Medicaid Home Care: Know Your Legal Rights" https://www.youtube.com/watch?v=j9RyyNq4VWo Vincent J. Russo addresses the Medicaid Home Care Eligibility…
Unlocking the Benefits of Life Estate in Estate Planning
When discussing estate planning and Medicaid planning, the phrase “life estate” is sometimes mentioned, but what does it mean? A life estate is a form of joint ownership of a property that allows one person to remain in the home…
Can my Parent Still Qualify for Medicaid if They Live With me?
Can I get Medicaid if I live with my daughter? If your parent is living with you, they can still qualify for Medicaid. It is very common for a parent who is ill, or one that requires some care, to…
Asset Transfers and Medicaid: Understanding the Lookback Period
Medicaid eligibility rules are complicated. Many people are confused by the lookback period. And often, people aren’t sure how asset transfers can make an impact when applying for Medicaid. The Lookback Rule New York’s law on Institutional Medicaid imposes a “look-back” period of…
Filing Taxes for Irrevocable Medicaid Asset Protection Trusts
Question: I created an Irrevocable Medicaid Asset Protection Trust. Do I need to file a tax return for the trust? Answer: Let’s start by defining the trust. Appropriately named, a Medicaid Asset Protection Trust (“MAPT”) is created to shield assets from Medicaid…
How can I avoid paying for a nursing home?
The average cost of nursing home care in New York is astounding! The general range is between $13,000-$20,000 per month. There are three forms of accepted payment: Private pay (from your own pocket); Long-term care income (if you are fortunate…