A recent decision by a Centers for Medicare & Medicaid Services ("CMS") Administrator serves as a reminder to providers regarding "bad debt" collection efforts. Medicare providers can be reimbursed for "bad debts," which are "uncollectible" amounts attributable to...
PLDO Law Blog
Month: December 2014
Medicaid Market Explodes as Primary Care Doctors Face Major Cut in Fees for Services
The market is flooded with millions of people who have new Medicaid coverage at the same time primary care physicians (PCP) who care for this population face a major cut in pay. The Affordable Care Act (ACA) authorized the federal government to fund a temporary...
Health Care Premium Tax Credits Under Review by U.S. Supreme Court: Decision Could Have Far-Reaching Consequences
On November 7, 2014, the Supreme Court of the United States decided to take up the issue of whether premium tax credits provided for under the Affordable Care Act (ACA) are available on both state and federal health insurance exchanges. The Court will hear arguments...
Massachusetts Voters Approve New Sick Leave Law: What It Means To Your Business
Massachusetts employers would be well advised to update their written policies, employee handbooks and internal record keeping procedures to prepare for a new law that provides one of the most generous sick leave mandates in the country. On November 4, 2014,...
ONE RISK YOU SHOULDN’T TAKE IS NOT HAVING THE RIGHT LIFE INSURANCE
If you never return from your sailing trip around the globe or reemerge from the deep ocean depths on the submarine destined for the Titanic, will your family receive the death benefit proceeds from your life insurance policy? That answer, as well as the answer to...
HOW TO BUY ULTRA-DANGEROUS ASSETS
It’s never a good idea to buy an asset, like a boat or plane, in your own name or to have multiple parties on the title. First of all, when your name is on the title, you are personally liable for any damage that the asset may cause. For example, you and Joe own a...
SO, YOU WANT TO WRESTLE AN ALLIGATOR?
Before base jumping into the miasma of risk, the first thing you should do is make sure your estate plan, in its current iteration, meets your needs and has adapted to any challenging or changing family situation. A well-rounded estate plan is literally more of a life...
HOW LIFE INSURANCE PROCEEDS COULD AFFECT A COMPANY’S VALUATION FOR ESTATE TAX PURPOSES
A recent case brought to light the impact that a stock-purchase agreement and life insurance proceeds may – or may not - have on the valuation of a closely held company for estate tax purposes. In this case that caused a split between the 8th and 11th Circuits, the...
HASTE MAKES WASTE . . . CASH THE CHECK.
One never knows what corner the grim reaper lies behind. A final illness can often accelerate quickly and deprive a donor of adequate time to complete gifts for tax purposes that he intended to make. In a recent federal court case, the Third Circuit Court of Appeals...