Should You Prepare a Medicaid Application Yourself?
Navigating the Medicaid application process can be complicated, especially if you are applying for long-term care benefits. Having an attorney help you through the process can be extremely helpful.
Claiming Social Security Benefits at Age 70
If you are about to turn 70,and have delayed claiming Social Security retirement benefits up till now, you are joining an elite group, but it’s important to know when and how to claim.
Biden Proposes Major Nursing Home Reforms, Most Extensive “In Decades”
The Biden administration has announced far-reaching nursing home reforms. Advocates are calling the proposals, which include the first-ever federal minimum staffing levels, the most significant reforms in decades.
Medicaid’s “Snapshot” Date and Its Crucial Impact on a Couple’s Financial Picture
When a married couple applies for Medicaid, the Medicaid agency must analyze the couple’s income and assets as of a particular date to determine eligibility. This “snapshot” date can have a major impact on a couple’s financial future.
Home Health Aide Costs See the Sharpest Increase in Annual Long-Term Care Survey
Long-term care costs climbed again in 2021, with rates for home health aides and homemakers seeing the sharpest rises, according to Genworth’s annual Cost of Care Survey. The coronavirus pandemic continues to contribute to cost increases.
How Do You Qualify for Social Security Disability Benefits (SSDI)?
Social Security Disability Income (SSDI) is an insurance program that is available to qualified workers with disabilities regardless of their resources.
Long-Term Care Hybrid Products Give Buyers More Options
With many people unwilling to purchase long-term care insurance policies due to the cost, insurers are rolling out new products . . .
When a Social Security Recipient Dies, Survivors May Be Eligible for Benefits
When loved ones pass away, there are lots of considerations, including what happens to their Social Security. The decedent’s payments need to be stopped, but survivor’s benefits may be available to the spouse or, in certain cases, children.
IRS Issues Long-Term Care Premium Deductibility Limits for 2022, and They Look Pretty Familiar
The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the figures are almost the same as in 2021.
Medicare Premiums to Increase Dramatically in 2022
Medicare premiums are rising sharply next year, cutting into the large Social Security cost-of-living increase. The basic monthly premium will jump 15.5 percent, or $21.60, from $148.50 to $170.10 a month.