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Jan 1, 2011 12:00 PM
Navigating the System
Changes to both the Medicare and Medicaid programs, as well as recent court rulings on eligibility, will have a major impact on seniors
Advising clients on Medicare and Medicaid planning and eligibility has become increasingly complicated. Elder law practitioners must struggle to keep up with the ever-changing health care “wild west” and consider the impact of new laws on both the federal and state levels, as well as the effect of recent court rulings on program eligibility. And advisors must take into account the possibility that their state may withdraw from the Medicaid program as costs to participate increase.
Unless you've been living under rock, you know that in 2010, Congress passed and the president signed into law the Patient Protection and Affordable Care Act (the Act). The Act contains numerous provisions that affect, or will affect, seniors in our country. The Act is expected to cost approximately $940 billion over the next decade. To help offset the cost of health care reform, the Act imposes higher taxes, fees and reduced payments to Medicare providers. According to the Congressional Budget Office, the Act is projected to reduce the federal deficit by about $143 billion over 10 years.
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| 2010 Tax Act News | Industry Trends Surveys |
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