In the complex and frequently changing landscape of health care in the United States, Medicaid stands out as a vital program. Since 1965, it has provided essential coverage to millions individuals and families. Alongside Medicare, Medicaid serves as a lifeline…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/Jg2qnoMY3qk It is that time of year again, where taxpayers must file their personal income tax returns. But, what do you need to know before filing your tax return?…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on March 18th, 2024 to discuss“Navigating the 2024 Tax Season” https://youtu.be/Jg2qnoMY3qk Vincent J. Russo discusses which tax return form should you use, how to get your…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/FvuJxohc41Q The cost of long term care is staggering. Nursing homes cost on average in this country $108,405 and in New York State $158,797. A cost that most seniors…
Medicaid planning in New York can be presented to the guardianship court either before a guardian has been appointed or after, depending on when the need for a Medicaid plan arises. Medicaid Planning at the Onset of the Guardianship Proceeding…
Medicaid Managed Long-Term Care Providers (MLTCs) came into existence as part of the NYS Medicaid redesign—an attempt by NYS to provide quality care under the Medicaid program while controlling costs. MLTC plans are in place to help care for the…
Under current law, certain transfers of assets by a Medicaid applicant or recipient don’t result in any transfer penalties. An asset of any value or type can be transferred without penalty to children with disabilities regardless of age. The law…
A number of my clients have experienced a gap in their Medicaid coverage because they moved from one state to another to be closer to their families. It is important to remember that Medicaid is not portable. You cannot simply…
Many people that I meet have either heard of or think they know something about Medicaid’s 5-year lookback rule, but most people do not know exactly what it means. For example, they may not realize that there are certain transfers…
What is the difference between Medicare and Medicaid? Medicare is a government program that provides health care benefits to senior citizens, disabled individuals and individuals with certain chronic illnesses. Medicaid is a need-based government program available to individuals with low…