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September
2011
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| In This
Issue |
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Elder
Law Center, P.C. |
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2111 Plum Street, Suite 201
Aurora,IL
60506
(630)844-0065
cbr@mickeywilson.com
www.elderlawpc.com/
Medicaid
Updates
At the September 13, 2011 JCAR meeting, the members of JCAR
voted to continue the prohibition on the proposed DRA rules.
The next JCAR meeting is scheduled for October 11, 2011. Our
office is continuing to advocate on behalf of Illinois
citizens for rules that comply with the requirements of the
DRA rather than rules that would extend beyond the DRA
requirements; that would be unclear; and that would unduly
penalize the citizens of Illinois. Please continue to visit our website for
updates on the Medicaid eligibility rules.
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How Will the Debt-Limit Deal Affect Seniors?
Congress has agreed to
allow the debt ceiling to be raised in exchange for $2.4 trillion in
budget cuts over 10 years. How this deal will affect the three major
programs crucial to the elderly -- Medicare, Medicaid and Social
Security -- may not be known until almost year's end, but the impact
could be significant.
IRAs Require Special Consideration in Estate Planning
Individual Retirement
Accounts (IRAs) are a popular investment tool for retirement, but
they also need to be taken into account when doing estate planning.
Although IRAs can be used to provide for heirs either directly or
through a trust, how much your heirs will benefit from the IRA and
avoid unnecessary taxes depends on proper planning.
Amy Winehouse's Death Illustrates the Importance of a
Will
Amy Winehouse had many
ups and downs during her short life, but it appears the troubled
singer/songwriter had the foresight to leave behind an up-to-date
and ironclad estate plan. Winehouse's tragic death at age 27
illustrates why you are never too young for a will.
Medicare Fraud Costs Billions: Here's How You Can Help
Medicare fraud is often
in the news, but what is it, exactly? Fraud costs Medicare an
estimated $60 billion a year and contributes to the rising cost of
health care for all Americans. Once you understand what is involved,
you can help prevent fraud.
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| Disclaimer:
The information contained in this newsletter is not intended
as legal advice and should not be relied upon to answer any
specific questions concerning your own circumstances or for
purposes of legal planning. For specific legal advice, please
contact our offices. |
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