Preparing Your Planning Documents During the Pandemic

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New York State Budget enacted by Governor Cuomo on April 3, 2020 will have a severe impact on Medicaid eligibility rules and requirements. Significantly, the implementation of the rules has been pushed forward from its prior designated start date of October 1, 2020 to April 1, 2021.

Preparing Your Planning Documents During the Pandemic

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New York State Budget enacted by Governor Cuomo on April 3, 2020 will have a severe impact on Medicaid eligibility rules and requirements. Significantly, the implementation of the rules has been pushed forward from its prior designated start date of October 1, 2020 to April 1, 2021.

Critical Changes to Medicaid Home Care Eligibility

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Given the Secure Act provisions, the Internal Revenue Service has suspended the Required Minimum Distributions on qualified retirement accounts for 2020. However, Medicaid in New York State exempts qualified retirement accounts in payout status from their eligibility determination.

Critical Changes to Medicaid Home Care Eligibility

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Medicaid Changes Appear to be Scheduled to Take Effect on April 1, 2021: For New York State to maintain eligibility for federal relief under the March 18, 2020 “Families First Coronavirus Response Act”, which may provide more than $6 billion in additional federal health care funds to New York, the current New York Medicaid eligibility standards and procedures must not be made more restrictive than those in effect on January 1, 2020.

Critical Changes to Medicaid Home Care Eligibility

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The 2020-2021 (Fiscal Year 2021) New York State Budget was enacted by Governor Cuomo on April 3, 2020, with a severe impact on Medicaid eligibility rules and requirements. Some of the most significant changes that may affect you or your loved ones.

Preparing Your Planning Documents During the Pandemic

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On April 7, 2020, Governor Cuomo issued Executive Order 202.14, authorizing virtual witnessing of documents in New York State. The Governor’s Executive Order 202.07, issued March 19, 2020, had previously authorized virtual notarization. Together, these two Executive Orders provide planning opportunities we can navigate together while social distancing protocols remain in place.