The U.S. Department of Health and Human Services has issued a new notice addressing the problems that occur when a Medicaid applicant purchases a long-term care insurance “partnership” policy in one state and then applies for Medicaid in another state. See, 73 Fed. Reg. 51302-51305 (2 Sept 2008), available here. The Deficit Reduction Act of.. read more →

Social Security statements now are advising recipients that Medicare does not cover long-term care expenses. The Social Security Administration recently changed the wording of its annual earnings statements at the direction of Congress to make it clear that individuals need to plan for the possibility they might eventually need long-term care. The new wording follows:.. read more →

The Deficit Reduction Act of 2005 (“DRA”) authorized the expansion of the Long Term Care Insurance Partnership Program into the various states. New Jersey’s Long Term Care insurance Partnership Program was approved by the Center for Medicare and Medicaid Services (“CMS”) on February 12, 2008 and will become effective on July 1, 2008. Under this.. read more →

This is not a new guide but I think it is still one of the best. It provides a solid understanding of long-term care insurance. For years, I have provided a copy of the guide to new clients along with draft copies of estate documents. Long-term care insurance is a critical component of estate and.. read more →