Medicare Tax On High Earners’ Investments

Beginning in 2013, people with higher incomes will pay a 3.8 percent Medicare surtax on net investment income such as interest, dividends, rents, net capital gains on investments, and certain other income. However, net investment income doesn’t include tax exempt municipal bond interest, annuity distributions, distributions from IRAs and qualified … Continue reading

Medicare Announces Set Asides Unnecessary in Some Personal Injury Settlements

An individual who currently receives Medicare or reasonably expects to become eligible for Medicare in the next 30 months must protect Medicare’s interests when resolving a worker compensation (WC) or personal injury (PI)claim. In other words WC and PI recoveries rather than Medicare must fund care necessitated by a work … Continue reading

Will Congress Delay Medicare Eligibility to Benefit Hospitals?

The deficit reduction plan authorized this summer would automatically cut billions of dollars from Medicare payments to hospitals and other health providers unless Congress agrees to alternate budget reductions. Medicare typically pays hospitals and health providers lower rates than other health insurers pay. Thus, the hospital industry is lobbying Congress … Continue reading

Should you give your home to your kids now?

Titling your home to your children can be very risky. Once your children own your home, they can sell the home out from under you or simply force you to leave, a major risk should a child develop credit or marital issues. Gifting your home also gives up equity you … Continue reading

Federal Court Supports Special Needs Trusts

Federal law provides that trusts containing assets of a disabled beneficiary generally disqualify the beneficiary for Medicaid, Supplemental Security Income, and various other disability benefits. However, amounts in certain pooled special needs trusts and individual special needs trusts are not subject to this general rule. Pennsylvania enacted various restrictions on … Continue reading

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Homepage photo: Cows grazing at Meadowbrook Farm, Bernardsville, NJ by Siddharth Mallya. October 23, 2012.
Interior photo: Somerset hills pastoral scene by Lawrence Friedman.