COVID-19 Relief Law - IRS Guidance for Federal Benefit Recipients

The Internal Revenue Service ("IRS") has issued new guidance for recipients of federal benefits, e.g., Medicare/Medicaid, social security disability payments, or social security income, relating to the treatment of any economic impact payments ("EIP") aka the Stimulus Check.

The announcement, which was directed at the providers of long-term and elderly care facilities, emphasized that the rights to receive the payments were directly to the individual taxpayers and not to the facilities tasked with their care. These payments do not count as a resource for purposes of determining eligibility for Medicaid and other federal programs for a period of 12 months from receipt. They also do not count as income in determining eligibility for these programs.

If you or a loved one has any questions relating to the applicability of these payments and/or concerns about potential misconduct on behalf of a loved one's care facility, please contact the Attorneys at Fazzio Law, we are in your corner!

For the full article, please see here: https://www.irs.gov/newsroom/irs-alert-economic-impact-payments-belong-to-recipient-not-nursing-homes-or-care-facilities