Manhattan is one of the most expensive places in the world to live. It is also one of the most expensive places to grow old. For many families, the joy of retiring in the city comes with a hidden financial reality. The cost of long-term healthcare can quickly deplete a lifetime of savings. Many New […]
Elder Law
Will Medicaid Cover In-Home Care?
As people age, daily tasks that were once routine can become genuinely difficult. A fall, a diagnosis, or a gradual decline in mobility can shift the question from “how are we doing?” to “how are we going to manage this?” For many families, the answer they’re hoping for is home care — professional assistance that […]
Elder Law Alert: SSA Announces 2.8% 2026 Social Security COLA
A fresh increase is coming to Social Security checks next year. For seniors in Manhattan and across the country, any cost-of-living adjustment (COLA) can feel like a lifeline. But before you celebrate the 2026 Social Security COLA, it’s worth asking: Will this help cover the rising cost of aging in New York? Let’s look at […]
Medicaid Planning: Protecting Assets From Long-Term Care Costs
The cost of long-term care can overwhelm even the most careful financial planning. Nursing home expenses often exceed $170,000 per year, and assisted living costs continue to rise. Medicare covers hospital care and rehabilitation, but it does not pay for long-term custodial care. Medicaid does, and it has become a lifeline for many older adults. […]
Will Medicaid Planning Impoverish My Spouse?
If you are thinking about Medicaid for long-term care, you may worry about what will happen to your spouse. Many people believe applying for Medicaid will strip their husband or wife of savings and income. The good news is that New York’s Medicaid rules include specific protections to prevent spousal impoverishment. With proper planning, you […]
Current Status of NY Community Medicaid Look-Back Implementation
If you’re thinking about applying for Community Medicaid in New York, you’ve likely heard about the pending 30-month look-back period. Understanding this new rule can feel overwhelming. Initially signed into law back in April 2020, the look-back period was supposed to begin shortly thereafter. But repeated delays have left many people uncertain about its status. […]
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