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What You Need to Know About the Medicaid 5-Year Lookback

What You Need to Know about the Medicaid 5 Year LookbackMany people that I meet have either heard of or think they know something about Medicaid’s 5-year lookback rule, but most people do not know exactly what it means. For example, they may not realize that there are certain transfers (gifts) during that 5-year period that don’t have any impact on Medicaid eligibility. These are called exempt transfers.

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The ABLE Act and Its Impact on Special Needs Planning

The ABLE Act and Its Impact on Special Needs PlanningRusso Law Group, P.C. is pleased to share this article on behalf of guest author Robert P. Mascali, Esq.

In December 2014, the Achieving a Better Life Experience (ABLE) Act was signed into law, adding to the toolkit for practitioners advising elderly and disabled clients. The ABLE Act allows contributions to be made to tax-advantaged ABLE Act 529A accounts to pay qualified expenses for disabled individuals.

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Beware: Increased Child Support May Mean Decreased or Lost SSI

Beware: Increased Child Support May Mean Decreased or Lost SSIIt is a little-known but important fact that receiving benefits of one kind can affect benefits of another kind, sometimes adversely.

Take the case of Sally and her son, Paul. Sally is a constant advocate for Paul, who has special needs. Paul is currently receiving Medicaid and Supplemental Security Income (SSI). Sally is also receiving Medicaid.

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