Archive for the Uncategorized Category

One Year Wait for PA Gifting Exemption

Many people speak to us about gifting and transferring assets to protect them from spending on nursing home care. Frequently, they believe that gifted assets will be immediately exempt from PA Inheritance Tax. That is not correct. In Pennsylvania, a gift in excess of $3,000 must be […]

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Immediate Annuities: Medicaid Planning for Married Couples

Immediate annuities are used as a means for preserving assets for spouses of nursing home residents. An immediate annuity is an investment whereby an individual pays a lump sum to an insurance company in return for a guaranteed monthly payment for the balance of his or her […]

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Implementing the Affordable Care Act: PA Has New Medicaid Financing Options

The National Academy of State Health Policy (NASHP) recently published a new brief entitled “Implementing the Affordable Care Act: New Options for Medicaid Home and Community Based Services” You can read this excellent brief by clicking here. The brief reviews the Affordable Care Act (ACA) provisions that […]

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