Articles for Seniors

Additional information on the Medicare Prescription Drug Benefit Copayment and premium amounts for 2020: Part B premium: $144.60 per month on average. If your income is above $85,000 (single) or $170,000 (married couple), then your Medicare Part B premium may be higher. Co-payments: Inpatient hospital deductible: $1,408. Inpatient hospital copay for days 61 – 90: […]

New York State Medicaid Law

September 11th, 2019 by David Goldfarb

New York Medicaid Attorneys Don’t make a mistake with Medicaid eligibility; contact a New York elder law attorney with knowledge of Medicaid law.  Goldfarb Abrandt Salzman & Kutzin LLP is a law firm that handles New York Medicaid cases. Updated with 2019 income, resource and penalty rates Introduction Medicaid is a joint federal, state and […]

Know the Medicare Deductibles and Premiums for 2019

September 11th, 2019 by David Goldfarb

The coming of the New Year means many things, including making resolutions, starting a new tax year, and new rates for Medicare premiums and deductibles, as announced by the federal government. Medicare benefits help many people cover the costs of long-term care and other medical treatment. However, these benefits do not always come without out-of-pocket […]

Glossary of Elder Law Estate Planning Terms

September 11th, 2019 by David Goldfarb

New York law uses unique terminology when it comes to estate planning and elder law. If you know and understand this terminology, it will make it much easier for you to comprehend the estate planning process and how it works. The experienced New York estate planning attorneys at Goldfarb, Abrandt, Salzman & Kutzin, LLP can […]

Medicare Prescription Drug Benefit What Does It Mean To You

September 1st, 2019 by David Goldfarb

Including information on the Health Care Reform Provisions of 2010 Affecting the Medicare Prescription Drug Donut Hole With great fanfare, on December 8, 2003, President Bush signed into law the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (the “Act”). The Act provides for the establishment of a voluntary drug benefit under a new […]

As part of the Medicare Access and CHIP Reauthorization Act of 2015, Congress eliminated certain Medigap plans that cover Medicare Part B deductibles and other expenses owed by Part B policyholders. The federal law will no longer allow insurance companies to offer certain Medigap programspolicies—such as Plan C or Plan F—starting in 2020. As part […]

In recent years, many people have put estate and gift tax concerns out of their minds since the Obama Administration increased the estate tax credit to more than $5 million in the early 2010s. The Tax Cuts and Jobs Act of 2017 again substantially increased the estate and gift tax credit, protecting most estates in […]

Which Documents Do You Need to Retain?

March 28th, 2019 by David Goldfarb

In today’s day and age of online transactions, it can be difficult to wonder if we still need paper statements or documents at all. Of course, we all still have paper records, but how long should we hold on to them? Can we shred some and purchase a smaller filing system? Will retaining certain paper […]

The Top Reasons to Plan Your Estate

February 28th, 2019 by David Goldfarb

While every adult needs a comprehensive estate plan, certain reasons make it especially important to create a plan or review an existing plan for any necessary modifications. The following are some reasons to call our elder law attorneys right away. You Have Children An estate plan will allow you to acknowledge your children and ensure […]

Starting on May 1, 2018, Medicaid subscribers in New York state will see drastic changes to their appeals process. These changes place more procedural requirements on those seeking to appeal Medicaid determinations. An experienced New York elder law attorney can help Medicaid subscribers who need assistance with their Medicaid appeals. For decades, the elder law […]