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Posts tagged "Senior Care"

Spending Down (or Exempting) Assets to Qualify for Medicaid

16479-Pay money.jpgMedicaid has strict asset rules that compel many applicants to "spend down" their assets before they can qualify for coverage. It is important to know what you can spend your money on without endangering Medicaid eligibility.

How Will the New Tax Law Affect You?

16482-U.S. Capitol.jpgThe Tax Cuts and Jobs Act was signed into law on December 22, 2017 and represents the most significant reform of the U.S. tax code in over 30 years. Before we get into the details, you should be aware that almost everything listed below expires after 2025, and the tax structure reverts to its current form in 2026 unless Congress acts between now and then. However, the corporate tax rate cut from 35 percent to 21 percent does not expire.

Medicare's Part B Premium Will Be Unchanged in 2018, But Many Will Pay More.

16438-Medicare premiums.jpgThe announcement of the 2018 Medicare premium is good news for some beneficiaries and bad news for many others. The good news is that the standard monthly Part B premium, which about 30 percent of Medicare beneficiaries pay, will again be $134 next year, unchanged from 2017.

Three Reasons Why Giving Your House to Your Children Isn't the Best Way to Protect It From Medicaid

16430-House.jpgYou may be afraid of losing your home if you have to enter a nursing home and apply for Medicaid. While this fear is well-founded, transferring the home to your children is usually not the best way to protect it.

Social Security Beneficiaries Will Receive a Two Percent Increase in 2018

16383-Social Security.jpgIn 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums.

Social Security Beneficiaries Will Receive a 2% Increase in 2018

Thumbnail image for 16383-Social Security.jpgIn 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums.

Long-Term Care Benefits for Veterans and Surviving Spouses

4039f89d3b.jpgLong-term care costs can add up quickly. For veterans and the surviving spouses of veterans, help may be available. The Veterans Administration (VA) has an underused pension benefit called Aid and Attendance that provides money to those who need assistance performing everyday tasks.

Pay Attention to the Small Details When Dealing with Long-Term Care Insurers

16342-Woman with Checkbook.jpgA long-term care insurance company recently cancelled the insurance coverage of an elderly woman who accidently wrote the wrong amount on her premium check. The case illustrates the need for policyholders to pay attention to the details.

How to Reverse Medicare Surcharges When Your Income Changes

16338-Social Security Card and Money.jpgWhat happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If your circumstances change, you may be able to reverse those surcharges.

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