Deficit Reduction Act 2005

New York Elder Law Attorneys

Helping You Understand the Implications of the Deficit Reduction Act

In 2005, the Deficit Reduction Act (DRA) was signed into law, with significant implications for Medicaid and Medicare programs. The changes in this law may affect your eligibility, the services you receive and the amount of premiums you pay. It is of the utmost importance to account for these changes when structuring your Medicaid plan.

The McMahon Law Firm is committed to helping people in the Syracuse area with their Medicaid planning needs. We stay current with all changes to Medicaid laws and provide our clients with the knowledge they need. Please contact us at 315-849-9053 to discuss your goals with an experienced elder law attorney.

The Challenges of the 2005 Deficit Reduction Act

According to the Department of Health and Human Services, the DRA was designed to give states more flexibility with Medicaid, allowing for more people to be covered at a lower cost. Unfortunately, with these opportunities come challenges that negatively impact some existing Medicaid beneficiaries and those who want to apply.

Some challenges of the Deficit Reduction Act include:

  • Asset transfers: The DRA made asset transfers more difficult, thus making it harder for people to protect their assets from Medicaid.
  • Proof of citizenship: Medicaid now requires full proof of citizenship before you can apply.
  • Premiums: The DRA allows states to be flexible with premiums and cost-sharing charges.

With the help of an experienced elder law attorney, you may still be able to qualify for Medicaid benefits. Founded in 1992, the McMahon Law Firm has helped hundreds of people throughout Upstate New York qualify for Medicaid. Schedule a consultation with a highly skilled attorney to find out what we can do for you.

Contact Us

To learn more about the Deficit Reduction Act of 2005 and how it affects your Medicaid situation, please contact a lawyer at the McMahon Law Firm, in Syracuse, New York. We are committed to helping you receive the Medicaid benefits to which you are entitled.

We offer Medicaid planning services to clients throughout Upstate New York, including Onondaga, Cayuga, Oswego and Oneida counties, as well as the cities of Syracuse, Camillus, and Auburn.