Designing A High Quality Affordable System OF Long Term Care
Long-term care is a problem affecting all economic strata. Financing long-term care is uniquely a middle class problem. It is not just a problem for the elderly; it is an inter-generational issue. One-third of all Americans receiving long-term care are under 65. The elderly receiving long-term care are the parents of children of middle age…
Transfer of Assets to Disabled Children
The current federal Medicaid statute has been in effect since 1989.[1] Generally, the statute provides that if an individual makes an uncompensated transfer of resources, the value of those resources are divided by the average monthly cost of a nursing home and the resulting quotient is the number of months during which the applicant will…
The Impact Of The Medically Needy Program On Long-Term Care Funding
Prepared for The Medicaid Long Term CareFunding Advisory Council by Thomas D. Begley, Jr. 1. BACKGROUND The Independence, Dignity and Choice in Long-Term Care Act1 has a stated goal of rebalancing state long-term care programs and budgets so that more older adults and persons with disabilities live in their homes and communities.2 The Act acknowledges…
Taxation of Confidentiality Agreements
The taxation of Confidentiality Agreements in personal injury settlements is becoming and increasing concern to plaintiffs and to personal injury lawyers. The issue arises out of a United States tax court case.[1] This case involved an incident in which Dennis Rodman, a basketball player for the Chicago Bulls, during the course of a game against…