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Tax bill could end to the Medical Expense Deduction! Let’s save it…

Tax bill could end to the Medical Expense Deduction! Let’s save it…

Federal Tax Change Update: Proposed Elimination of Medical Expense Deduction

Ending the Medical Expense Deduction Would Harm Many Individuals Paying the High Cost of Long-term Services and Support. On Thursday, October 3rd, House Republicans released a tax bill that proposes to end the Medicaid Expense Deduction.

WHAT WOULD HAPPEN?

How Does the Medical Expense Deduction Help Individuals with Long-term Services and Support (LTSS)?

Currently, the federal tax code allows deduction of “qualified long-term care expenses” for people who are “chronically ill,” those unable to perform two or more “Activities of Daily Living” without assistance, or who have a “severe cognitive impairment” such as Alzheimer’s disease. These expenses are usually catastrophic, requiring many Americans to spend large portions of their income and to liquidate resources.

The Medical Expense Deduction For Individuals with LTSS

This applies only to those expenses above 10% of Adjusted Gross Income and when a taxpayer itemizes their deduction. “Chronically ill individuals” can use this provision.  If Congress ends the Medical Expense Deduction, many Americans paying for Long-Term Services and Supports (LTSS) will face the double cost of both chronic long term care and federal income tax.

Impact of Ending the Medical Expense Deduction may include:

  • Eviction From a Care Facility: Without the deduction, individuals paying privately for LTSS may not have the funds to pay their tax liability and the nursing facility, leading to eviction from the facility.
  • Uncollectible Tax From Some Medicaid LTSS Populations: Individuals on Medicaid must contribute a substantial portion of their income to Medicaid as part of the “spend down program”.  They will not have any funds to pay this new tax liability.
  • Hurts Family Caregivers: Children can also use this deduction if they pay for more than half of a  parent’s care. Eliminating this deduction will negatively impact a child paying for a chronically-ill parents needs.
  • Increased Reliance of Government Programs: Many middle- and working-class individuals “spend-down” their resources to qualify for Medicaid. Without a tax subsidy, the eligibility process will be faster and will place a larger burden on an already stressed federal/state Medicaid system.

WHAT CAN YOU DO?

  1. Write to us and tell us how this tax proposal will impact your family’s/client’s long term care plans; how it will affect your family’s financial well being, and any other concerns that you may have. Grimaldi and Yeung will be sending a packet to the congressional leaders drafting this legislation and we would like to include your comments and concerns.
  2. Write directly to your congressional representatives. For information on who your representative is, please click here.

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GRIMALDI & YEUNG LLP
Phone: 718-238-6960
Brooklyn and Manhattan Offices:

9201 4th Ave, 6th Floor
Brooklyn, NY 11209

546 Fifth Avenue, 6th Floor
New York, NY 10036

This post is made available by the lawyer for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this site you understand that there is no attorney client relationship between you and the lawyer. The post should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. ATTORNEY ADVERTISING.

Congratulations to our Super Lawyers 2017!

Congratulations to our Super Lawyers 2017!

We are proud to congratulate

Judith D. Grimaldi and Pauline Yeung-Ha, partners of Grimaldi & Yeung LLP, named Super Lawyers 2017

and Naomi Levin, our Senior Associate, named Super Lawyer Rising Star 2017! 


These recognitions are made by their peers in a very selective & intense process. Only 5% of New York State Attorneys are selected as Super Lawyers and only 2.5% of New York State Attorneys under the age of 40 are selected as Rising Stars!


The attorneys will be featured as Super Lawyers in The New York Times newspaper on Sunday, October 1, 2017 as well as in the New York Metro Top Women Super Lawyers supplement in The New York Times newspaper – on Sunday, March 26, 2018.

We congratulate them on this highly esteemed and very deserving honor!  

Please visit our website for information on Elder Law and Estate Planning: www.gylawny.com 

GRIMALDI & YEUNG LLP
Phone: 718-238-6960
Brooklyn and Manhattan Offices:

9201 4th Ave, 6th Floor
Brooklyn, NY 11209

546 Fifth Avenue, 6th Floor
New York, NY 10036

This post is made available by the lawyer for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this site you understand that there is no attorney client relationship between you and the lawyer. The post should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. ATTORNEY ADVERTISING.

New York State’s Home Care Worker Wage Parity Law will be applicable to Personal Assistants

New York State’s Home Care Worker Wage Parity Law will be applicable to Personal Assistants

POLICY ALERT:  Effective October 13, 2017, New York State’s Home Care Worker Wage Parity Law will be applicable to Personal Assistants providing home care and related services through the Medicaid CDPAS program.  The Wage Parity Law establishes a minimum rate of compensation for any home care aide providing services that is paid for by a government agency.

The Wage Parity Law is already applicable to other categories of home care aides, including home health aides, personal care aides and home attendants employed by certified home health agencies, long term home health care programs and managed care plans.  The requirement to pay more to home care aides means that the “overhead” costs of providing care will increase.

If State funding of the Medicaid program does not also increase, this creates an incentive for managed care plans and their vendors to limit home care service hours.  This has negative consequences for the people in need of care, and for the people who earn their living providing it.

GRIMALDI & YEUNG LLP
Phone: 718-238-6960
Brooklyn and Manhattan Offices:

9201 4th Ave, 6th Floor
Brooklyn, NY 11209

546 Fifth Avenue, 6th Floor
New York, NY 10036

This post is made available by the lawyer for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this site you understand that there is no attorney client relationship between you and the lawyer. The post should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. ATTORNEY ADVERTISING.

Outstanding Women in Business & Community Leadership: Judith and Joanne

Outstanding Women in Business & Community Leadership: Judith and Joanne

Grimaldi & Yeung LLP is proud to announce that their partners, Judith D. Grimaldi and Joanne Seminara are once again being honored for their outstanding achievements in business and in the community! 

NIA Community Services Network will be honoring both Ms. Grimaldi and Ms. Seminara as Outstanding Women in Business & Community Leadership at the NIA’s 19th Annual Community Recognition Awards Dinner on Thursday, September 28, 2017. 

The NIA Community Services Network, Inc., is a not-for-profit community service organization dedicated to addressing issues that impact youth, families, and seniors. NIA’s mission, “Building strong children, strong families and strong communities,”  located in the diverse and underserved neighborhoods of New York City.

We congratulate them on this highly esteemed and very deserving honor!

GRIMALDI & YEUNG LLP:
Phone: 718-238-6960
Brooklyn and Manhattan Offices:

9201 4th Ave, 6th Floor
Brooklyn, NY 11209

546 Fifth Avenue, 6th Floor
New York, NY 10036

This post is made available by the lawyer for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this site you understand that there is no attorney client relationship between you and the lawyer. The post should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. ATTORNEY ADVERTISING.

CaringKind Alzheimer’s Walk — September 24, 2017

CaringKind Alzheimer’s Walk — September 24, 2017

Grimaldi & Yeung LLP will participate in this year’s CaringKind Alzheimer’s Walk!

Please join us on Sunday, September 24, 2017 as we gather together for a day full of remembrance, promise and hope!

WHEN:
The Walk will be held on Sunday, September 24, 2017
9:00 AM to 11:30 AM

WHERE:
Coney Island Boardwalk:
15th Street & Boardwalk, Brooklyn, NY

ABOUT THE CHARITY
On December 1, 2015, the New York City Chapter of the Alzheimer’s Association separated from the National Alzheimer’s Association, to return to their roots as a stand-alone, independent charity. The nation’s leading experts in Alzheimer’s care, education and support can still be found at 360 Lexington Avenue under the new name, CaringKind, The Heart of Alzheimer’s Caregiving.

 Plus: Team Grimaldi & Yeung will be invited to a post-walk lunch at a local Coney Island Restaurant.

If you are interested in donating and/or joining us for this cause, kindly visit Grimaldi & Yeung’s team page by clicking on the link below: https://give.caringkindnyc.org/index.cfm?fuseaction=donordrive.team&teamID=8945

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It’s Coming! Senior Tech Day hosted by Bay Ridge Center

It’s Coming! Senior Tech Day hosted by Bay Ridge Center

Senior Tech Day will bring the latest tech tools and innovations designed to help seniors and their caregivers.  Also instructors will explain how to use technology to help with everyday tasks. 

How-to Senior Sessions *Computers Made Simple* *Social Media for Seniors* *Smart Phone 101* *Smart TV Lessons*  *How to bank Online*
*Caretaker Aid Products* *Cool Senior Gadgets*
FREE REFRESHMENTS & BEVERAGES
LIMITED SENIOR BROWN BAG LUNCH

When: 
Saturday, June 24, 2017, 12PM – 5PM
WhereOur Lady of Angels, 7420 4th Avenue, Brooklyn NY 11209

For:
Seniors 55 + …and caregivers of all ages!
Why: Bay Ridge Center wants you to learn about innovative tech solutions, products, and services available for seniors and caregivers.

Co-sponsored by Community Board Ten’ s Senior Issues, Housing Health &Welfare Committee

For further information please call Bay Ridge Center at 718-748-0650, X115

View Invitation