October 31

Estate Exclusion to Rise to $5.49M in 2017

The IRS has announced that the basic estate tax exclusion amount for the estates of decedents dying during calendar year 2017 will be $5.49 million, up from $5.45 million for calendar year 2016.

Also, if the executor chooses to use the special use valuation method for qualified real property, the aggregate decrease in the value of the property resulting from the choice cannot exceed $1,120,000, up from $1,110,000 for 2016.

The increase in the estate tax exclusion means that the lifetime tax exclusion for gifts will also rise to $5.49 million, as will the generation-skipping transfer tax exemption. The annual gift tax exclusion will remain at $14,000 for 2017.

For details on many of these and other inflation adjustments to tax benefits, go to: https://www.irs.gov/pub/irs-drop/rp-16-55.pdf

October 28

New requirements for long-term care facilities participating in Medicare and Medicaid

The Centers for Medicare & Medicaid Services (CMS) has established new requirements for long-term care facilities (LTC) participating in Medicare and Medicaid, the first set of comprehensive revisions to the participation requirements in 25 years. The regulations take effect beginning Nov. 28, 2016, but some requirements will be implemented in phases. Operators of LTC facilities should review the new regulations closely, including 10 aspects that may require significant compliance changes. Deadlines are looming to come into compliance with sweeping changes to the Centers for Medicare & Medicaid Services (CMS) requirements for long-term care facilities (LTC) participating in Medicare and Medicaid. The CMS final rule was published in the Federal Register on Oct. 4, 2016. This is the first set of comprehensive revisions to the participation requirements in 25 years.

CMS reviewed the prior versions of the regulations with the goal of improving safety, quality of life, care and services, as well as to align the rule with current professional standards. The rule finalizes regulations that were proposed on July 16, 2015 (80 Fed. Reg. 42168), for which CMS received more than 9,800 comments. The regulations are effective on Nov. 28, 2016, but various portions of the requirements will be implemented in phases.

The new regulations are lengthy and detailed, and operators of LTC facilities must review them closely. Ten aspects of the rule may require significant compliance changes for LTC operators:6. Pre-Dispute Arbitration Agreements Are Prohibited

In its proposed rule, CMS included a number of specific parameters regarding arbitration agreements, including a requirement that the agreement be explained to the resident and a prohibition stating that the agreement cannot be contained within any other agreement or paperwork. In the final rule, CMS prohibits all pre-dispute arbitration provisions and includes procedural requirements if a resident is asked to sign an arbitration agreement after a dispute has arisen. CMS received a number of comments in response to the proposal regarding arbitration agreements, including a letter signed by 34 senators urging CMS to ban these types of clauses. Another letter signed by 16 state attorneys-general argued that these types of agreements were harmful and should be prohibited. According to CMS, the new ban will “have no legal effect on the enforceability of existing pre-dispute arbitration agreements between LTC facilities and patients, and therefore, we believe that the terms of the [Federal Arbitration Act] are not implicated.” The preamble to the rule also states that “the Secretary, in this final rule, is acting well within her statutory authority, particularly given the concerns raised by commenters over the unfairness of pre-dispute arbitration and the harm these agreements cause LTC facility residents.”

October 25

Report Uncovers Widespread Medicare Fraud in Hospice Care

In 2013, Medicare paid $15.1 billion for hospice care for roughly 1.3 million people who were treated by 3,925 for-profit and non-profit programs throughout the country. Under federal rules, the patient or a guardian must sign an election statement accepting the hospice care, and the attending physician must certify that the patient is terminally ill and beyond a cure. But a disturbing new report by the Office of Inspector General of the Department of Health and Human Services claims that some unscrupulous hospice operators, doctors, and staff are aggressively recruiting patients for their programs in an effort to maximize profits – even when in some cases the patients shouldn’t be in hospice. The improper and fraudulent activities amount to hundreds of millions of dollars. In a third of the cases examined, the hospice election statements lacked required information or failed to adequately state the implications of the withdrawal of most medical care. Moreover, in 14 percent of the cases, the physician did not meet requirements when certifying that the beneficiary was terminally ill. Those doctors appeared to have “limited involvement” in determining that the beneficiary was appropriate for hospice care. In a number of cases, the patients outlived standard hospice care, which usually assumes a patient won’t live much longer than six months. That suggests that the patients were inappropriate candidates for the program, and as a consequence may have missed out on needed medical care.

For the article from the Financial Times, click here.

August 17

Legal and Care Planning for People with Multiple Sclerosis

This video series, entitled “Legal and Care Planning for People with Multiple Sclerosis,” is intended to help people diagnosed with Multiple Sclerosis and their families understand the complex legal and planning issues that they face. The video series was produced via a partnership between NAELA and Stetson University College of Law, in consultation with the National Multiple Sclerosis Society.

Multiple Sclerosis (MS) is an unpredictable, and often disabling disease of the central nervous system that disrupts the flow of information within the brain, and between the brain and body. Symptoms vary from person to person and range from numbness and tingling, to walking difficulties, fatigue, dizziness, pain, depression, blindness and paralysis. The cause of MS is still unknown and scientists believe the disease is triggered by as-yet-unidentified environmental factor in a person who is genetically predisposed to respond. The progress, severity and specific symptoms of MS in any one person cannot yet be predicted. Most people with MS are diagnosed between the ages of 20 and 50, with at least two to three times more women than men being diagnosed with the disease.

August 15

Autistic Artist Shares His World of Vibrant Colors

Autism … offers a chance for us to glimpse an awe-filled vision of the world that might otherwise pass us by. — Dr. Colin Zimbleman, from the-art-of-autism.com.

Jeremy Sicile-Kira sees the world in vibrant colors: alluring oranges and yellows, calming purples and blues and soothing greens. And for the first time, the autistic artist is sharing that vision with the rest of us. “Color is evident in everything to me,” says Jeremy, 27, whose form of autism spectrum disorder (ASD) includes the symptom of “grapheme-color synesthesia,” a neurological phenomenon that causes him to perceive letters, words and even emotions in colors. “Autism affects each person differently,” Jeremy told NBC News. “For me it means being stuck in a body that doesn’t work well and not being able to speak. It means also frankly being overwhelmed by sound and light.” Jeremy has managed to turn that aggressive assault on his senses into art – a series of abstract portraits in which he portrays people through the colors that their faces, names and personalities create for him. This month — Autism Awareness Month — his work received its first public exposure at an art show in San Diego. The use of art to help people with autism express themselves has gained momentum in recent years, and produced some notable success stories. Temple Grandin, a professor of animal science at Colorado State University whose triumph over autism was the subject of the award-winning 2010 biopic “Temple Grandin,” says art helped lead her to “a very interesting career.”

For the article from the NBC News, click here.

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