Medicare Part B Premiums, Deductibles Going Back Up in 2024
In 2023, seniors were happy to see their Medicare Part B standard monthly premiums and annual deductibles go down for the first time in more than a decade. Unfortunately, that’s not the case for 2024, when these charges will be back on the rise.
What Does “Medicaid Pending” Mean?
Medicaid Pending status means that your application or your parent’s application has not yet been approved or denied. Essentially, your application is in limbo.
Selling Your Life Insurance Policy to Help Cover Expenses
The National Council on Aging reports that more than 16.5 million adults 65 and older experience economic insecurity. Rising housing and health care bills can also burden seniors on fixed, limited incomes.
Medicaid Estate Recovery and Medicaid Payback Rules
Under Medicaid law, following the death of the Medicaid recipient a state must attempt to recover from his or her estate whatever benefits it paid for the recipient's care.
When Does Someone Need Financial Guardianship?
When individuals cannot manage their finances, courts can appoint guardians. Financial guardianship is for those who need help handling money.
Protecting Loved Ones in Nursing Homes by Asking the Right Questions
A nursing home resident's well-being depends on you advocating for them. Residents in nursing homes and other long-term care facilities are disproportionately affected by the flu, pneumonia, COVID-19, and other contagious diseases. According to the American Family Physician Journal, a…
A Guide to Purchasing Special Needs Housing
The following tips may help you in your search for a home that meets your or a loved one's physical or developmental needs. The US Department of Housing and Urban Development (HUD) lists state and local government agencies and other organizations that…
The Baby Boomer Generation Prefers Independent Living With Home Sharing
As the number of baby boomers living alone increases, the number of family caregivers who can assist them is insufficient. The ratio of caregivers to care recipients has fallen and is projected to continue for the next forty years. According…
An Overview of Grantor-Retained Income Trusts
In estate planning and wealth transfer, people sometimes seek strategies that preserve their assets as well as provide them with financial benefits for life. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals…