Planning for Life

Low Dementia Growth Predicted for Massachusetts

Posted by Anthony Bushu on May 3, 2017

older coupleBy Jamie Marshall

The Alzheimer’s Association has released its annual report of facts and figures about the disease, reporting that 5.5 million Americans suffer from the disease, 200,000 of whom are below age 65.

Most of those with Alzheimer’s, 82 percent, are 75 or older, with more of these between 75 and 84 than those 85 and older. This contrasts with a similar article I wrote six years ago, when most people with Alzheimer's were 85 and over. I assume this has to do with changing demographics: there are relatively few Americans in the older cohort because they were born during the baby bust of the Depression -- 85 years ago was 1932. This trend will continue for another decade and a half, and then the "older old" population will skyrocket as the oldest Baby Boomers start reaching the 85 year old threshold beginning in 2031.

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Topics: baby boomers, dementia, Massachusetts

Expanded Estate Recovery NOT included in House Committee on Ways and Means FY 2017 Budget Recommendations

Posted by Elizabeth Stepakoff on April 26, 2016

By Patricia C. D'Agostino

We are happy to report that the House Committee on Ways and Means did not include Governor Baker’s proposal to expand Medicaid estate recovery. As previously reported, the Governor’s proposed provisions would allow MassHealth to make claims against all property in which the deceased MassHealth member had an ownership interest immediately prior to death. This would include property passing by survivorship or beneficiary designation to a spouse or child that was held in joint names, life estate, tenants by the entirety or living trusts. Current law limits estate recovery to the probate estate of a deceased MassHealth member – meaning the Commonwealth could recover if the deceased member owned their home in his or her name alone.

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Topics: Massachusetts, MassHealth

The MassHealth PCA Program Can Pay Children to Care for Parents

Posted by Patricia C. D'Agostino on March 2, 2015

By Patricia C. D'Agostino

Adult children of seniors who need care at home can be caught in a difficult bind—wanting to provide the kind of substantial hands-on assistance that will permit a parent to remain at home instead of moving to a long-term care facility, but finding themselves unable to do so given their own financial need to work and the demands of their jobs.  The MassHealth Personal Care Attendant (“PCA”) program can offer a solution for many families who find themselves in this situation.  The PCA program can provide a person with approximately $13 per hour to pay a caregiver (including a child or other family member, so long as they are not the parent’s legal guardian or spouse).  

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Topics: Massachusetts, MassHealth

Massachusetts Taxes Below National Average

Posted by Harry S. Margolis on July 30, 2013

By Harry S. Margolis

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Topics: Massachusetts, income taxes, Estate Planning

Estate Planning Attorneys Beware -- Massachusetts

Posted by Harry S. Margolis on December 29, 2012

By Harry S. Margolis

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Topics: Massachusetts, Estate Planning

Who Should Plan for Long-Term Care? - Massachusetts

Posted by Harry S. Margolis on March 27, 2012

By Harry S. Margolis

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Topics: long-term care planning, long-term care insurance, Massachusetts, Estate Planning

Beware Bankers Life Long-Term Care Insurance - Massachusetts

Posted by Harry S. Margolis on January 7, 2012

By Harry S. Margolis

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Topics: long-term care insurance, Massachusetts

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