Archived Facts

Posts Tagged ‘Possible’

Boston, MA (PRWEB) August 21, 2012

In the majority of states throughout the United States, including Massachusetts, New Jersey, and California, a judge can sentence prison time to an adult child with resources who chooses not pay for their parents care. While these laws have been around, they were never enforced. States are now leveraging them to attack children with assets, but without Irrevocable Trust asset protection planning, in order to collect on their parent’s health care and nursing home bills.

Prison is still unlikely, but parents’ could easily cost their child their life savings. 29 states are now demanding children pay if their parents become unable to afford it. States are trying to find ways to save money and with Medicaid becoming an exploding part of their budgets, they are now using unenforced Falial laws to collect from adult children. It is going to become much more common, explains Rocco Beatrice, Managing Director of Estate Street Partners. “It is not going to stop there, however. Now that they have successfully litigated these cases, the floodgate will now open and I expect Medicaid to follow suit in most cases over $ 75,000.”

How This Affects Children with Aging Parents

Nursing home care can cost $ 100,000 a year. If mom is in a nursing home for 4 years with assets of 55,000 and she didn’t do Medicaid Asset Protection planning, she will have spent everything in a few months. After she passes the children will now be hit with a bill from the nursing home for $ 345,000. The bill is ignored because, even though asset protection planning was implemented incorrectly, the child believes the nursing home cant come after assets for a parents bills, right? The nursing home and Medicaid take the child to court under a filial responsibility law, making all of their financial statements a public court record for the world to see and ultimately winning a judgment for $ 345,000. Don’t think it can happen? It just did.

Dozens of cases are setting a new precedent on this issue. John Pittas of Pennsylvania didnt think it was his problem either, but the PA Appeals Court disagreed. They ruled that his mothers nursing home could go after John for the $ 93,000 bill. Additionally, all of Mr. Pittas financial information is a public record due to this case. How does one avoid this from happening? Stopping care when mom runs out of money and losing entire retirement savings are not realistic options for most.

Mr. Pittas had the money to pay, but defendants that won cases after being attacked by their state had insufficient assets to pay; reinforcing this fact: states’ expect the child to pay if they can. The best way to avoid having to foot the bill is to plan ahead, urges Mr. Beatrice. Only about half of adults have done estate planning, and 80% of those plans wont help. One must understand the difference between a revocable vs. irrevocable trust; asset protection is not gained with a revocable living trust. They only avoid probate; that doesnt help here. The threat of having to pay for your parents care can be easily alleviated by simply using the right type of high-quality trust; all trusts are not all the same.

With so many threats to your savings, including these filial responsibility laws, typical estate planning offers very little protection. With a expert-crafted Irrevocable Trust, one can enjoy their savings without losing sleep over what could happen, clarifies Mr. Beatrice.

About Estate Street Partners (UltraTrust.com):

Assets can be protected from frivolous lawsuits while eliminating your estate taxes and probate, and also ensuring superior Medicaid asset protection for both parents and children with their Premium UltraTrust

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www.glutenfreesociety.org Gluten Free Diet Helps Resolve Elevated Triglycerides and Helps with Weight Loss One of the most common questions I get asked is — Does a gluten free diet help with weight loss? My reply is usually this: It depends on the person. For some people going gluten free helps with weight loss, for others, going gluten free helps them gain weight. You see, everyone is affected by gluten differently. Much the same as the following analogy — If you give 1000 people the same medication, will they all have the same side effects? No. People can have different reactions to the exact same substance. Gluten is no different. Some people have issues with hormones, others develop celiac disease, some have migraines or nerve damage… The list goes on and on. Read this article on the gluten spectrumto learn more on this. Does a Gluten Free Diet Help Lower Triglycerides? I recently had a patient who put this question to the challenge. After a functional medicine approach to her treatment, she was able to normalize her triglycerides, improve her energy levels, lose 20 pounds, lower blood pressure, and avoid the need for life long medications. All this in less than 6 months time. The bigger question here is why don’t all doctors take this approach to improving their patient’s health? In this case, a gluten free diet combined with other food modifications and nutritional applications probably saved this women from years of chronic degenerative heart disease, obesity
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(PRWEB) June 21, 2012

Zane Benefits provides businesses with comprehensive and flexible alternatives to traditional health insurance. So health reform is right up their alley. Yesterday, Zane Benefits founder Paul Zane Pilzer presented a webinar on the history and future of small business health insurance. In it, Mr. Pilzer outlined four possible outcomes for the upcoming Supreme Court ruling.

Paul Zane Pilzer, author of The New Health Insurance Solution, is a world-renowned economist, a highly successful social entrepreneur, an adjunct professor, and the author of nine best-selling books and dozens of scholarly publications.

FOUR POSSIBLE OUTCOMES OF HEALTH INSURANCE REFORM

1) Uphold Entire ACA

For this to happen, 1 of 5 Republican Justices (for example, Roberts or Kennedy) would have to side with President Obama and the Democratic party. If this were to happen, the entire presidential election will be centered around Romney vs Obama on the topic of repealing health reform.

2) Invalidate Part of ACA

Under this scenario, the Supreme Court would remove the individual health insurance mandate. Both sides agree that they must then invalidate Guaranteed Issue since only unhealthy would purchase insurance.

3) Reject Entire ACA

Under this theory, congress wouldnt have passed the bill without all its major provisions (e.g. Guaranteed Issue + Mandate + Federal Subsidies + Exchanges). In other words, without the Mandate, the bill never would have been passed.

4) Postpone Ruling Until 2015

The logic here is that the individual mandate must have taken effect (post-2014) to have a valid claim before the U.S. Supreme Court. If so, the bill might stand until 2015 or might postpone implementation.


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About Zane Benefits, Inc.

Zane Benefits, Inc, a software company, helps insurance brokers, accountants, and employers take advantage of new defined contribution health benefits and private exchanges via its proprietary SaaS online health benefits software. Zane Benefits does not sell insurance. Using Zanes platform, insurance professionals and accountants offer their clients a defined contribution plan with multiple individual health insurance options via a private health exchange of their choice. Learn more at http://www.zanebenefits.com.







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A $ 100 million contract for the University of Connecticut Health Center to provide care for prisoners faces new scrutiny, with some legislators suggesting the cash-strapped government could reduce the cost by opening it to bids from private entities.
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Dr. Kathryn Wagner, a breast cancer surgeon shown in her office in San Antonio,Texas, says she'll stop taking new Medicare patients if a 25 percent cut in Medicare fees goes into effect Dec. 1 — unless the lame duck Congress staves it off. Breast cancer surgeon Kathryn Wagner has posted a warning in her waiting room about a different sort of risk to patients’ health: She’ll stop taking new Medicare cases if Congress allows looming cuts in doctors’ pay to go through.



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Dr. Kathryn Wagner, a breast cancer surgeon shown in her office in San Antonio,Texas, says she'll stop taking new Medicare patients if a 25 percent cut in Medicare fees goes into effect Dec. 1 — unless the lame duck Congress staves it off. Breast cancer surgeon Kathryn Wagner has posted a warning in her waiting room about a different sort of risk to patients’ health: She’ll stop taking new Medicare cases if Congress allows looming cuts in doctors’ pay to go through.



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CEO denies health reform prompted possible sale of Catholic hospitals
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Congress is investigating whether Johnson & Johnson carried out a second secret recall of faulty pain relievers last year, as a major probe of a dozen J&J recalls escalates.

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