A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death.
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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone.
A second thing that you should know about irrevocable trusts is that they have significant advantages, and also unique…
Going to the doctor isn’t always cheap, and if you don’t have health insurance it could be a hefty bill. With insurance rates increasing, even if you are covered, it might not fit your budget.
In an effort to provide health care access to those struggling to make ends meet, a new health care clinic is working to lift the burden off families.
“I just kind of wanted to come, take a look for myself, and see what they offered,” Kevin McKinney said.
He was the first patient to step through the doors, Wednesday, a new Volunteer in Medicine clinic…
The Department of Justice (“DOJ”) announced a new Voluntary Self-Disclosure Policy to be used by US Attorney Offices throughout the country.
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The new policy helps to encourage early and voluntary self-disclosure of corporate criminal misconduct. It reinforces the importance of having an effective compliance plan that identifies misconduct.
To be a voluntary self-disclosure, the disclosure must be voluntary, timely and must contain all relevant facts of misconduct.
If the disclosure is…
Editor’s note: This article, first published on March 16, is reprinted from Mountain State Spotlight.
When Covid first updated West Virginia in spring 2020, the federal government took steps to make sure people had access to the food and health insurance they needed. In some cases, benefits are increased. In others, like Medicaid, state officials were allowed to temporarily stop checking eligibility requirements. Since then, the insurance plan intended to help low-income Americans has allowed anyone using it to stay on the plan, regardless of their family’s income.
Many of those changes, however, are now starting to switch back to…
Medicaid coverage will end for millions of Americans in the coming months, and it will push many into unfamiliar territory: the health insurance marketplace. Video above: Advocates push for renewal of New Hampshire’s expanded Medicaid program States will start cutting people from the government-funded plans when they no longer qualify based on income, a process that has been paused since shortly after the COVID-19 pandemic hit. The timing of these cuts will vary. But all states have insurance markets where people who lose Medicaid can buy new coverage with help from subsidies. Some states will even connect shoppers with a…
Analytic Sample Construction. Notes: Sample sizes are approximate (varies across model specifications); and rounded to the nearest 10 based on dataset guidelines. * The ECLS-K data manual recommends the use of sampling weights as appropriate to balance the trade-off between non-response bias and sample size considerations; therefore we chose the longitudinal weight – w9c29p_9a0 for our analyzes that provide appropriate adjustments for complex survey design and non-response bias in the survey waves we use in our sample. credits: Southern Economic Journal (2022). DOI: 10.1002/soej.12614
A recent series of three papers authored by Caitlin Lombardi demonstrates the effects of publicly funded…
More than 500,000 Texans have lost their Medicaid health insurance after more than three years of continuous coverage during the COVID-19 pandemic, according to data from the state’s health and human services commission.
Those affected are mostly children, young adults and new moms who had a child in the last three years. The Texans who lost their health insurance had coverage until the end of May or June, depending on when their case was processed, a spokesperson for the commission said.
In March 2020, in the first few weeks of the coronavirus pandemic, the federal government instituted a new rule,…
A trial court judge has temporarily blocked Major Adams from switching retired city workers to a cost-cutting Medicare Advantage Plan.
Manhattan Supreme Court Judge Lyle Frank granted a temporary restraining order Thursday that, until he issues a final ruling, prevents roughly 250,000 city retirees and their dependents from losing their current health insurance.
The retirees who brought the lawsuit “have shown that numerous promises were made by the City to then New York City employees and future retirees” about their coverage, according to court documents.
The court found a likelihood of it ultimately ruling in their favour, and that any…