Category Archives: Uncategorized

Planning for Long-Term Care During a Recession

Learn more about planning for long-term care during a recession from Somekh & Associates.

Planning for long-term care during a recession can be incredibly overwhelming, and continuing to pay for long-term care during a recession can be even more intimidating. If you or a loved one is thinking about purchasing long-term care insurance during this time of looming recession, it’s important to know how the next few months or […]

Retiring During a Recession

Learn more about retiring a recession from Elder Law Queens, Lori Somekh.

Whether you’re planning to retire before the end of the year or you’re worried about how the looming recession might affect your retirement in the coming year, don’t panic. While you don’t necessarily have to worry about being laid off, there might be some concerning moments regarding your involvement in the stock market. Even though […]

Why is Now the Right Time for Medical and Estate Planning?

If you haven’t started your estate planning yet, we don’t hold it against you. There are so many reasons why individuals might choose to put it off. At the end of the day, you’re still healthy and will have plenty of time to get to your estate planning down the road. This may be true, […]

An Explanation on Pooled Income Trust for NY Medicaid Home Care

Click on the Article title to view a video on Pooled Income Trust.

Update on New Medicaid Home Care Law

     As we’ve reported in previous posts and videos, the rules for Medicaid home care in New York have changed as of October 1, 2020.  Whereas there has never before been a lookback period for home care in New York, now as of October 1st, there is a 30-month lookback period.  Under the new law, […]

Initial Summary of New York State Medicaid Cuts

On February 4, 2020, Gov. Cuomo convened a Medicaid Redesign Team (MRT II), tasked with finding $2.5 billion worth of cuts – or savings –  from the Medicaid program in time for the April 1, 2020 New York State Budget.  The team met for the first time on February 11th and then again on March […]

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