Center for Medicare Advocacy: Nursing Home Industry is Heavily Taxpayer-Subsidized (June 2021)

Center for Medicare Advocacy has made available for download their special report, "Nursing Home Industry is Heavily Taxpayer-Subsidized." The report begins as follows: It is well-known that Government health care programs, Medicare and Medicaid, are the primary payers for nursing home care. The two federal programs paid facilities tens of billions of dollars for providing … Continue reading Center for Medicare Advocacy: Nursing Home Industry is Heavily Taxpayer-Subsidized (June 2021)

Phil Galewitz: Pandemic Swells Medicaid Enrollment to 80 Million People, a ‘High-Water Mark’ (June 17, 2021)

Phil Galewitz, Senior Correspondent at KHN, has made available for download his article, “Pandemic Swells Medicaid Enrollment to 80 Million People, a ‘High-Water Mark’”, published on KHN. The abstract is as follows: The pandemic-caused recession and a federal requirement that states keep Medicaid beneficiaries enrolled until the national emergency ends swelled the pool of people … Continue reading Phil Galewitz: Pandemic Swells Medicaid Enrollment to 80 Million People, a ‘High-Water Mark’ (June 17, 2021)

NY Times (June 9, 2021): On Medicare and Need Dental Work? Beware a Big Bill

Mark Miller, in his New York Times article, discusses a possible Biden Administration expansion of Medicare through increased dental, visual, and hearing care. His article, “On Medicare and Need Dental Work? Beware a Big Bill,” begins as follows: Ellen Phillips hasn’t eaten much solid food over the past year and a half. She has lost all … Continue reading NY Times (June 9, 2021): On Medicare and Need Dental Work? Beware a Big Bill

De los Santos v. Commissioner, 156 TC No. 9 (April 12, 2021): Split-dollar Insurance Benefits Were Compensation, Not a Distribution

The U.S. Tax Court in De los Santos v. Commissioner, 156 TC No. 9 (April 12, 2021), issued a “reviewed opinion” holding that economic benefits received by the taxpayer-husband under a split-dollar arrangement were not “distributions” under Code Sec. 301, but were benefits received under a compensatory arrangement and as such were taxable as “compensation … Continue reading De los Santos v. Commissioner, 156 TC No. 9 (April 12, 2021): Split-dollar Insurance Benefits Were Compensation, Not a Distribution

PLR 202109002 and PLR 202109003 (Mar. 8, 2021): Investment Advisory Fees Not Treated as “Amount Received” for Code Sec. 72(e) Purposes for Annuity Contracts

In PLRs 202109002 and 202109003, the Service ruled that t certain annuity contract investment advisory fees are not treated as amounts received by the contract owner for Code Sec. 72(e) purposes. The taxpayers were insurance companies offering non-qualified deferred annuity contracts. The IRS stated observed that the fees, which were integral to the contracts, did … Continue reading PLR 202109002 and PLR 202109003 (Mar. 8, 2021): Investment Advisory Fees Not Treated as “Amount Received” for Code Sec. 72(e) Purposes for Annuity Contracts

Fox Business: Prudential suspends applications for some life insurance policies (Apr. 7, 2020)

Fox Business has reported that Prudential Insurance is suspending applications for some life insurance products during the Coronavirus Pandemic. Their article beings as follows: Americans seeking life insurance coverage have one less option to choose from, as one of the industry's major players announces coronavirus-related changes.Prudential said it would suspend its acceptance of applications for … Continue reading Fox Business: Prudential suspends applications for some life insurance policies (Apr. 7, 2020)