Grayce’s Post

Do you have the cash reserves to pay for your parents’ medical debt? You might need it. As I shared with U.S. News & World Report, I’m concerned that as costs for senior care rise, we may see cases where there’s growing enforcement of filial laws. There are laws in about half of the states that mean you could be liable for payment for your parents’ medical debt. Read the full article here: https://lnkd.in/gHxwQqQm

The recent news on Advocate Health clearing all judgment liens against patients is welcome. Now more than ever, it is important for health systems to consider not just the legal risk of violating extraordinary collections actions under 501(r), but also the "newspaper risk" of these types of stories. A few thoughts and pointers: 1) It is always a good time to review financial assistance and collections policies. 2) If you engage a third-party debt collector, you are responsible for their actions. Remember to explicitly state what they are (or are not) permitted to do in your services agreement and monitor their actions on an ongoing basis. 3) With nonprofit health systems, patients rights, and collections policies in Congress's crosshairs, there is a very real legal risk with the IRS, but also with having to appear at Congressional hearings if someone decides this issue warrants it. 4) Despite the legal risk, the PR risk is often swifter and potentially more damaging, and collections actions are a low-hanging fruit for this attention.

For those who are eligible, federal dental benefits will provide financial relief in 2024. "Families with incomes between $70,000 and $79,999 will face a 40 per cent co-pay, and for those in the $80,000 to $89,999 income bracket, the co-pay jumps to 60 per cent. The federal plan will cover the rest of the costs incurred." https://lnkd.in/dZGW_cMA #financialadvice #financialplanning

Legacy Trust Counsel Webinar FREE online Workshop Thursday, February 1st, 2024 @ 6:00 PM https://lnkd.in/eFv8aknK We can’t control when an illness, accident, disability or death will occur. We can’t predict when we might face a crisis during our lives such as an accident, stroke, illness, or surgery, dementia or Alzheimer’s diagnosis, resulting in the need for Nursing Home Care And the journey often starts when something bad happens, like when Mom falls and breaks a hip. Medicare may pay for a few days – then Mom’s family starts paying and sometimes doesn’t stop PAYING UNTIL ALL YOUR MONEY IS GONE! Why Does This Happen? Misinformation. They read something on the internet or received “advice” from a friend, who told them that there is no way their parents would qualify for Medicaid so they didn’t even try. Not aware that help was available. Many people don’t know that legal strategies and programs are in place to help preserve their family’s hard earned assets. The catch is that the planning process has to start before all of the money’s gone! Spouses willing to spend it all. Most spouses dearly love their declining spouse and are willing to spend everything even if it leaves them destitute. There are laws in place to prevent spousal impoverishment. Don’t let this happen to you! Learn legal strategies like creating an asset protection trust, safeguarding our hard-earned money and ensuring that life is as easy as possible for you and your loved ones, no matter what happens. …we are holding a FREE online Workshop on Thursday, February 1st, 2024 @ 6:00 PM EST that will help you learn how to Qualify for Medicaid Nursing Home Care without losing EVERYTHING you have. Here are the details: First you must register at www.legacylawlive.com. The zoom login information will be sent to you once you register. #doralchamberofcommerce #legacylaw #LegacyTrust #legacytrustcounsel

Medicare Liens Are Not Really Liens People who are over 65 may be entitled to Medicare.  Likewise other people who are not over 65 may be receiving Medicare as part of Social Security Disability benefits.  Whatever money Medicare pays out, it may have a right to get that money back.  That applies where the treatment needed is a result of the fault of another. Sometimes that is referred to as a Medicare lien.  Sometimes it is referred to as a Medicare super lien.  There really is no lien.  It is simply a right to be paid back. U.S. law has […] https://lnkd.in/eWFN2ds5

Legacy Trust Counsel Webinar FREE online Workshop Thursday, February 1st, 2024 @ 6:00 PM https://lnkd.in/eFv8aknK We can’t control when an illness, accident, disability or death will occur. We can’t predict when we might face a crisis during our lives such as an accident, stroke, illness, or surgery, dementia or Alzheimer’s diagnosis, resulting in the need for Nursing Home Care And the journey often starts when something bad happens, like when Mom falls and breaks a hip. Medicare may pay for a few days – then Mom’s family starts paying and sometimes doesn’t stop PAYING UNTIL ALL YOUR MONEY IS GONE! Why Does This Happen? Misinformation. They read something on the internet or received “advice” from a friend, who told them that there is no way their parents would qualify for Medicaid so they didn’t even try. Not aware that help was available. Many people don’t know that legal strategies and programs are in place to help preserve their family’s hard earned assets. The catch is that the planning process has to start before all of the money’s gone! Spouses willing to spend it all. Most spouses dearly love their declining spouse and are willing to spend everything even if it leaves them destitute. There are laws in place to prevent spousal impoverishment. Don’t let this happen to you! Learn legal strategies like creating an asset protection trust, safeguarding our hard-earned money and ensuring that life is as easy as possible for you and your loved ones, no matter what happens. …we are holding a FREE online Workshop on Thursday, February 1st, 2024 @ 6:00 PM EST that will help you learn how to Qualify for Medicaid Nursing Home Care without losing EVERYTHING you have. Here are the details: First you must register at www.legacylawlive.com. The zoom login information will be sent to you once you register. #doralchamberofcommerce #legacylaw #LegacyTrust #legacytrustcounsel

Legacy Trust Counsel Webinar FREE online Workshop Thursday, February 1st, 2024 @ 6:00 PM https://lnkd.in/ec4pRuht We can’t control when an illness, accident, disability or death will occur. We can’t predict when we might face a crisis during our lives such as an accident, stroke, illness, or surgery, dementia or Alzheimer’s diagnosis, resulting in the need for Nursing Home Care And the journey often starts when something bad happens, like when Mom falls and breaks a hip. Medicare may pay for a few days – then Mom’s family starts paying and sometimes doesn’t stop PAYING UNTIL ALL YOUR MONEY IS GONE! Why Does This Happen? Misinformation. They read something on the internet or received “advice” from a friend, who told them that there is no way their parents would qualify for Medicaid so they didn’t even try. Not aware that help was available. Many people don’t know that legal strategies and programs are in place to help preserve their family’s hard earned assets. The catch is that the planning process has to start before all of the money’s gone! Spouses willing to spend it all. Most spouses dearly love their declining spouse and are willing to spend everything even if it leaves them destitute. There are laws in place to prevent spousal impoverishment. Don’t let this happen to you! Learn legal strategies like creating an asset protection trust, safeguarding our hard-earned money and ensuring that life is as easy as possible for you and your loved ones, no matter what happens. …we are holding a FREE online Workshop on Thursday, February 1st, 2024 @ 6:00 PM EST that will help you learn how to Qualify for Medicaid Nursing Home Care without losing EVERYTHING you have. Here are the details: First you must register at www.legacylawlive.com. The zoom login information will be sent to you once you register. #doralchamberofcommerce #legacylaw #LegacyTrust #legacytrustcounsel

Legacy Trust Counsel Law Firm Medicaid, Nursing Home Care: How to keep your assets for your Family https://www.rfr.bz/lng1omw Not Knowing Can Hurt You! We can’t control when an illness, accident, disability or death will occur. We can’t predict when we might face a crisis during our lives such as an accident, stroke, illness, or surgery, dementia or Alzheimer’s diagnosis, resulting in the need for Nursing Home Care. Don’t let this happen to you! Learn legal strategies like creating an asset protection trust, safeguarding our hard-earned money and ensuring that life is as easy as possible for you and your loved ones, no matter what happens. …we are holding a FREE online Workshop on Wednesday, September 25th, 2024 @ 5:00 PM EST that will help you learn how to Qualify for Medicaid Nursing Home Care without losing EVERYTHING you have. Register now! Here are the details: Event attendees will learn: How to create a long-term care plan before it’s needed so that you are able to stay as independent as possible and in complete control of your decisions as you age. Why owning assets jointly or putting property in a child’s name is likely a huge mistake Easy strategies to protect your children’s inheritance from being seized if they get divorced, sued or file bankruptcy in the future. How to preserve your estate for your children should you pass away and your surviving spouse gets remarried How to qualify and use Medicaid to pay for nursing home expenses which can average over $8,000 monthly. Attendees will also have the option to book a private up to 2-hour consultation with Elena ($750 value) FREE of charge! One final thought: Remember that estate planning isn’t JUST for YOU, it’s for your LOVED ONES! Legacy Trust Counsel is here to help you wherever you are on your journey. #MedicaidPlanning #AssetProtection #ElderLaw #SeniorSafety #EstatePlanning #LongTermCare #FinancialPlanning #ElderCare #ProtectYourAssets #LegalAdvice #CaregiverSupport #SeniorLiving #WealthManagement #ElderRights #CaregiverSupport #SeniorAdvocacy #HealthcareRights #AffordableCare

With long term care and in-home care costs rising at nearly 4 times the rate of inflation, what can you do to protect your assets and your family? This article is almost spot-on* with the facts of care and care prices. It is also a VERY rude awakening if you live in PA. The best plan is to get over the fear of long term care insurance premiums and enroll in it while younger & healthy enough to qualify. Every long term care insurance policy is underwritten, meaning you have to be healthy enough to qualify. For example, a healthy 65 year old male non-smoker can expect to pay about $3000 to 3600 per year for LTCi. Whereas, that same man would expect to pay well over $100,000 per year for long term care. That's a great return on investment. Let's shift our focus from the cost of long term care insurance (LTCi) to the wisdom of investing in our financial future and that of our families. Yes? Please don't count on medicaid (the government!) to pay for care when you can insure against the high costs of care and protect your ability to choose the right care at the time it is needed. *Medicare does not pay for long term care, not even for 100 days. Medicare pays for up to 100 days of medically necessary rehab (like after an accident or a surgery) and only after a 3 day inpatient hospital stay; but, the co-pay after day 20 is about $200 per day. FYI -- don't be fooled. #longtermcare #longtermcareinsurance #aginginplace #medicaldebtreductionprogram #rondacobbthemoneycoach Dan Tripp CLU

Legacy Trust Counsel Law Firm Medicaid, Nursing Home Care: How to keep your assets for your Family https://www.rfr.bz/lng1omw Not Knowing Can Hurt You! We can’t control when an illness, accident, disability or death will occur. We can’t predict when we might face a crisis during our lives such as an accident, stroke, illness, or surgery, dementia or Alzheimer’s diagnosis, resulting in the need for Nursing Home Care. Don’t let this happen to you! Learn legal strategies like creating an asset protection trust, safeguarding our hard-earned money and ensuring that life is as easy as possible for you and your loved ones, no matter what happens. …we are holding a FREE online Workshop on Wednesday, September 25th, 2024 @ 5:00 PM EST that will help you learn how to Qualify for Medicaid Nursing Home Care without losing EVERYTHING you have. Register now! Here are the details: Event attendees will learn: How to create a long-term care plan before it’s needed so that you are able to stay as independent as possible and in complete control of your decisions as you age. Why owning assets jointly or putting property in a child’s name is likely a huge mistake Easy strategies to protect your children’s inheritance from being seized if they get divorced, sued or file bankruptcy in the future. How to preserve your estate for your children should you pass away and your surviving spouse gets remarried How to qualify and use Medicaid to pay for nursing home expenses which can average over $8,000 monthly. Attendees will also have the option to book a private up to 2-hour consultation with Elena ($750 value) FREE of charge! One final thought: Remember that estate planning isn’t JUST for YOU, it’s for your LOVED ONES! Legacy Trust Counsel is here to help you wherever you are on your journey. #MedicaidPlanning #AssetProtection #ElderLaw #SeniorSafety #EstatePlanning #LongTermCare #FinancialPlanning #ElderCare #ProtectYourAssets #LegalAdvice #CaregiverSupport #SeniorLiving #WealthManagement #ElderRights #CaregiverSupport #SeniorAdvocacy #HealthcareRights #AffordableCare