If President Barack Obama and Congress cannot reach an agreement on the fiscal cliff, economic experts agree it would be devastating … The part of the government that handles health-related programs — Medicare, medical research, food safety inspectors — all would be automatically cut starting January 2 if there is no agreement on the Budget Control Act.
In many instances, Medicare funds are used to pay for vital services like nursing home and hospice care, which are crucial to the wellbeing of our elderly population. Reduced Medicare funds mean reduced payments to health care providers which, in turn, may cause hospitals and care providers to stop accepting Medicare patients.
In preparation for the impending fiscal cliff, a consultation with an experienced estate planning attorney can help ensure your access to healthcare and financial protections are preserved during uncertain times.
