News

Charitable Giving Options Under the New Tax Law

The new tax law makes it harder to claim a tax deduction for charitable contributions. While charitable giving should not be only about getting a tax break, if you want to reap a tax benefit from your contributions, there are a couple of options.

Can a Mother Transfer Her IRA to Her Disabled Son Before She Applies for Medicaid?

My mother-in-law has an IRA. She is applying for Medicaid and moving to an assisted living facility. My husband is permanently disabled, and I have read that it is okay to transfer assets to a disabled child. Can she liquidate the IRA and then give it to my husband? Does my mother-in-law have to report the IRA as income and will that affect her eligibility for Medicaid?

How Can My Parents Protect Their Savings When They Apply for Medicaid?

When they were working, my parents saved $50,000 for any major health expense they might have. Currently they live with me and only receive Social Security, which is not enough for them to live on their own. I would like to apply for Medicaid on their behalf so they can get some extra help. How can I protect their savings, which they may still need?

The surprising health risks of hearing loss

The findings from a 10 year study by the Journal of the American Medical Association (JAMA) have reported a link between hearing loss and health risks. The risks include a 50% greater risk of dementia, a 40% greater risk of developing depression and a nearly 30% higher risk of accidental falls. While hearing loss is becoming more prevalent in younger people due to the use of earbuds and noise pollution, it is the elderly population who are more quickly and significantly affected by adverse health risks because of their hearing loss.

The Senior Safe Act

The Senior Safe Act, signed into law by President Trump earlier this year, is designed to protect our elders from financial abuse from either within a family or support system, or by scam artists preying upon them. Tens of billions of dollars each year are illegally taken from US seniors and these numbers only reflect the crimes being reported.

Emotional Support Animals and Seniors

Most of us know what a service animal is, but the use of emotional support animals is becoming more and more common. So, what is an emotional support animal? An emotional support animal is a companion animal that provides benefits to a person who has an emotional or mental health disorder. In order to be characterized as an emotional support animal, documentation from a health professional must be obtained for the animal. Mostly commonly, these animals are dogs, but other animals can serve as emotional support animals. It is becoming more evident that these emotional support animals can provide some real benefits to the health and wellness of the senior population. Whether depressed, dealing with ongoing disabilities, or chronic illnesses, emotional support animals can be one of the best treatment options out there.

Tips for Dealing with Post-Traumatic Stress Disorder

By far the largest types of insurance fraud are scams against government and private health care insurers. Scammers frequently target government insurance like Medicare by stealing newly issued medical ID cards and then stealing identities. The Coalition Against Insurance Fraud estimates that tens of billions of dollars are lost annually to these types of fraud. Additionally, medical identity theft is now a top complaint received by the Federal Trade Commission. Billing fraud is also responsible for huge losses to Medicare funds and is difficult to assess as it can be a billing error or intentional fraud.

Tips for Dealing with Post-Traumatic Stress Disorder

By far the largest types of insurance fraud are scams against government and private health care insurers. Scammers frequently target government insurance like Medicare by stealing newly issued medical ID cards and then stealing identities. The Coalition Against Insurance Fraud estimates that tens of billions of dollars are lost annually to these types of fraud. Additionally, medical identity theft is now a top complaint received by the Federal Trade Commission. Billing fraud is also responsible for huge losses to Medicare funds and is difficult to assess as it can be a billing error or intentional fraud.

Tips for Dealing with Post-Traumatic Stress Disorder

Post-Traumatic Stress Disorder (PTSD) is a medical condition where the body experiences difficulty coping with severe stress. There are many triggers, but it is commonly diagnosed in combat Veterans. PTSD can also be caused by witnessing or living through shocking events such as accidents or crimes.