MassEcon MassHealth Pending Regulations Expected to Impact People 65 and Over

In October 2019 MassHealth is expected to finalize new regulations regarding financial eligibility. These regulations are expected to effectively disallow funding pooled trusts for people 65 and over. Final regulations have not yet been issued and the effective date of the pending regulations has not been set. Existing trust accounts We do not have any […]

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Date posted: September 11, 2019

Categories: Pooled Trust Regulations

Special needs trusts are financial accounts that are set up for people with disabilities to cover supplemental expenses not paid for by public benefits. It is important that special needs trust trustees ensure that beneficiaries using these funds to enhance quality of life remain eligible for needs-based government benefits and strike a balance between the […]

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Date posted: September 3, 2019

Categories: Special Needs Planning

People with disabilities, their families and professionals setting up long-term care and financial plans must consider a long list of concerns, including required services, costs, funding strategies, the people involved, and how the care plan will impact relationships over long periods of time. One of the best choices for long-term financial support and care that […]

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Date posted: September 3, 2019

Categories: Special Needs Planning

Anthony’s health was deteriorating, and he was finding it harder to live independently. His income put long-term care insurance outside of his budget. Anthony’s situation is not unusual. The federal government reports that about 70% of people over age 65 will require at least some type of long-term care services, but that only about 10% […]

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Date posted: June 14, 2016

Categories: Long-Term Care