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Author: markelderlaw

02Jun

Changes for the Gift Tax and Estate Tax

Posted by markelderlawon June 2, 2023June 2, 2023in Estate Planning
grandparents watching granddaughter color at table

Prior to 2023, the maximum amount that a person could gift without filing a gift tax return was $16,000 per person.  If an individual transferred gifts worth more than $16,000 to one person in a year, then the person who…

Read More Changes for the Gift Tax and Estate Tax

05May

National Elder Law Month 2023

Posted by markelderlawon May 5, 2023in Long-Term Care
May national elder law month logo

May is designated as National Elder Law Month by the National Academy of Elder Law Attorneys (NAELA).  Elder law attorneys address the legal needs of elderly people including long-term care planning and financing, Medicaid planning, estate planning, Wills, Trusts, and…

Read More National Elder Law Month 2023

18Apr

Changes in Medicare Part B Premium for 2023

Posted by markelderlawon April 18, 2023in Medicare
nurse with her arms around senior patient in a wheelchair

Medicare Part B provides coverage for services by a physician, outpatient hospital services, durable medical equipment and other health services that are not covered by Part A.  Each year the Medicare Part B premium is revised based upon federal law. …

Read More Changes in Medicare Part B Premium for 2023

03Apr

Medicare Changes Daily Co-pay

Posted by markelderlawon April 3, 2023in Medicare
elderly man playing checkers in facility with his granddaughter

If a person who is on Medicare requires therapy, rehabilitation or skilled care in a facility, then Medicare may pay a portion of that person’s care in the facility.  According to federal law, that individual must have been in a…

Read More Medicare Changes Daily Co-pay

21Mar

Medicaid Income Cap 2023

Posted by markelderlawon March 21, 2023in Medicaid
grandparents sitting on a dock with their granddaughter

Medicaid has strict rules with respect to eligibility requirements for assistance to pay for a person’s long-term care.  An individual must satisfy the resource and income requirements for Medicaid eligibility. New Jersey requires that an individual’s gross monthly income be…

Read More Medicaid Income Cap 2023

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