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Fong Law Group
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Hospice care is supposed to help terminally ill patients maintain their quality of life at the end of their life, but two new government reports find that serious problems in some hospices may be actually causing harm to hospice patients. The reports propose that additional safeguards are needed. Medicare provides... Continue reading
Posted 4 days ago at Fong Law Group
The Trump administration is officially rolling back a ban on the use of arbitration agreements by nursing homes that was initiated under President Obama. The Centers for Medicare and Medicaid Services (CMS) issued a rule that once again allows nursing facilities to use arbitration to settle disputes with residents. Historically,... Continue reading
Posted Aug 12, 2019 at Fong Law Group
In most states, transferring your house to your children (or someone else) may lead to a Medicaid penalty period, which would make you ineligible for Medicaid for a period of time. However, there are circumstances in which transferring a house will not result in a penalty period. One of those... Continue reading
Posted Aug 5, 2019 at Fong Law Group
Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called "life settlements," can bring in needed cash, but are they a good idea? If your children are grown and your mortgage paid off, you may decide... Continue reading
Posted Jul 29, 2019 at Fong Law Group
Thinking about your funeral may not be fun, but planning ahead can be exceedingly helpful for your family. It both lets them know your wishes and assists them during a stressful time. The following are steps you can take to plan ahead: Name who is in charge. The first step... Continue reading
Posted Jul 22, 2019 at Fong Law Group
At the doctor's office and want to know if a procedure is covered by Medicare? There is an app for that. Medicare has launched a free app that gives beneficiaries a quick way to see whether the program covers a specific medical item or service. The "What's Covered" app allows... Continue reading
Posted Jul 15, 2019 at Fong Law Group
We’ve all heard that it’s better to give than to receive, but if you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful because giving away money or property can interfere with your eligibility. Under federal Medicaid law, if you transfer certain... Continue reading
Posted Jul 8, 2019 at Fong Law Group
Parents want their children to be taken care of after they die. But children with disabilities have increased financial and care needs, so ensuring their long-term welfare can be tricky. Proper planning by parents is necessary to benefit the child with a disability, including an adult child, as well as... Continue reading
Posted Jul 1, 2019 at Fong Law Group
Hospital patients who need additional care after being discharged from the hospital are usually sent to either an inpatient rehabilitation facility (IRF) or a skilled nursing facility (SNF). Although these facilities may look similar from the outside, Medicare offers very different coverage for each. While you may not have complete... Continue reading
Posted Jun 24, 2019 at Fong Law Group
After a Medicaid recipient dies, the state must attempt to recoup from his or her estate whatever benefits it paid for the recipient's care. This is called "estate recovery." For most Medicaid recipients, their house is the only asset available, but there are steps you can take to protect your... Continue reading
Posted Jun 17, 2019 at Fong Law Group
The number of older Americans with student loan debt – either theirs or someone else’s -- is growing. Sadly, learning how to deal with this debt is now a fact of life for many seniors heading into retirement. According to a study by the Consumer Financial Protection Bureau, the number... Continue reading
Posted Jun 13, 2019 at Fong Law Group
It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a "do-not-resuscitate" order (DNR). While... Continue reading
Posted Jun 3, 2019 at Fong Law Group
Funerals are among the most expensive purchases many consumers will ever make, ranking only behind the purchase of a home and an automobile. A traditional funeral, including a casket and vault, can start at around $7,000, although "extras" like flowers, obituary notices, acknowledgment cards or limousines can add thousands of... Continue reading
Posted May 30, 2019 at Fong Law Group
The rules surrounding taxes on gifts often create confusion during tax season or any other time. Below are some of the nuts and bolts of the gift tax, including when a gift tax form needs to be filed. The annual gift tax exclusion for 2018 and 2019 is $15,000. This... Continue reading
Posted May 27, 2019 at Fong Law Group
Medicare covers preventative care services, including an annual wellness visit. But confusing a wellness visit with a physical could be very costly. As part of the Affordable Care Act, Medicare beneficiaries receive a free annual wellness visit. At this visit, your doctor, nurse practitioner or physician assistant will generally do... Continue reading
Posted May 6, 2019 at Fong Law Group
“Unlike personal property, real property–such as real estate or automobiles–is titled to convey ownership.” Title to real property must be transferred, when the asset is sold and must be cleared (free of liens or encumbrances) for the transfer to occur. Unlike other real property assets, real estate ownership can take... Continue reading
Posted Apr 30, 2019 at Fong Law Group
“These documents could save money but can lay estate planning traps.” An estate planning attorney would much rather not see a family undergoing unnecessary stress and expenses. Do-it-yourself wills and on-line wills very often create problems for families, as reported in Next Avenue’s aptly-named article “The Problems With Do-It-Yourself Online... Continue reading
Posted Apr 26, 2019 at Fong Law Group
“Lee Bouvier Radziwill's Last Will and Testament shows that her lone surviving child, Anna Christina 'Tina' Radziwill, will inherit her estimated $50 million estate.” International socialite Lee Bouvier Radziwill, sister of the late First Lady Jacqueline Kennedy Onassis, has left her entire estate to her only living child, Anna Christina... Continue reading
Posted Apr 25, 2019 at Fong Law Group