Hospitals Now Must Provide Notice About Observation Status

Notice Act

        All hospitals must now give Medicare recipients notice when they are in the hospital under observation status. The notice requirement is part of a law enacted in 2015 but that just took effect.     Signed … Continue reading

Posted in Care Coordination, Medicare | Tagged |

Costs of Some New Long-Term Care Insurance Policies Rise in Latest Survey

Long Term Care Insurance

        A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the 2017 Long Term … Continue reading

Posted in Long-Term Care Planning | Tagged |

Trump Delays Rule That Retirement Advisers Put Their Client’s Interests Ahead of Their Own

Financial Advisors

        President Trump signed an executive order calling for a review of the so-called fiduciary rule, which was intended to prevent financial advisers from steering their clients to bad retirement investments by requiring advisers to act in … Continue reading

Posted in Estate Planning | Tagged |

Things to Remember at Tax Time

      Tax day, which is April 18th in 2017, is approaching and it is time to begin crossing T’s and dotting I’s in preparation for paying taxes. As tax time draws near, you want to make sure you file … Continue reading

Posted in Uncategorized | Tagged , |

Is It Better to Use Joint Ownership or a Trust to Pass Down a Home?

      When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?    If you add your child as a joint tenant on … Continue reading

Posted in Estate Planning | Tagged , , , |

Senior Citizens, Even 80-Year-Olds, Can Be Organ Donors

  Have you ever wondered whether or not you can still become an organ donor, despite your age?  This week’s article, written by JoNel Aleccia for Kaiser Health News, explains some of the common issues for older adults in becoming organ … Continue reading

Posted in Uncategorized | Tagged |

How to Deduct Long-Term Care Premiums From Your Income

Long Term Care Insurance

      Taxpayers with long-term care insurance policies can deduct some of their premiums from their income. Whether you can use the deduction requires comparing your medical expenses to your income in a complicated formula.   Premiums for qualified … Continue reading

Posted in Long-Term Care Planning | Tagged |

Watch Out for Mistakes in the List of Doctors Covered by Your Medicare Advantage Plan


      Medicare Advantage plans are a popular alternative to regular Medicare because the plans often offer lower out-of-pocket costs, but buyers need to make sure they know what they are paying for. A government review of Medicare Advantage … Continue reading

Posted in Medicare | Tagged |

For Better or for Worse, States Are Turning to Managed Care for Medicaid Long-Term Care

Recent FLSA rules concerning wage and overtime pay apply to most Caregivers.

          More and more states are switching to a managed care model when dealing with Medicaid long-term care patients, a change that has resulted in a loss of services in some cases.   Many states use … Continue reading

Posted in Medicaid | Tagged , , |

Make Reviewing Your Estate Plan One of Your New Year’s Resolutions


        Estate planning is all about five essential documents. Here they are in order of importance:   The Power of Attorney for Property The most important estate planning instrument for taking care of you and your family during … Continue reading

Posted in Estate Planning | Tagged , |


Strohschein Law Group