Holiday family gatherings are often one of the few times the whole family can be together throughout the year. This time to catch up and reconnect makes for a joyous season. For adult children of elderly parents or loved ones, it can also provide an opportunity to assess needs and talk about some of the important issues around aging.
After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018.
Patients looking for hospice care can now get help from Medicare’s website. The agency’s new Hospice Compare site allows patients to evaluate hospice providers according to several criteria. The site is a good start, but there is room for improvement, experts say.
The case is about to settle, or the verdict is in, and now the client wants to know how will it affect his or her benefits. First, you will likely have to help the personal injury (PI) attorney assess the type or types of benefits the client is receiving and determine if the settlement puts the benefits in jeopardy. How did the client receive these benefits — through means-testing or due to work history? Perhaps the PI attorney has not considered benefits, but understands that the client is incapacitated and will need the assets managed; or perhaps public benefits may be necessary in the future.
If you're poor, uninsured and have a bad car wreck or fall seriously ill, there's a chance in most states to enroll for Medicaid after the fact. If you qualify for Medicaid, the program will pay your medical bills going back three months.
The Centers for Medicare and Medicaid Services (CMS) has announced that the 2018 premium for Part B of Medicare will remain at $134 a month. But even with no change, millions of Social Security recipients will pay sharply higher Part B premiums that will eat up all or most of next year’s 2 percent cost of living adjustment (COLA) for Social Security.
When the call comes from the plaintiff’s attorney asking what should be done about the client’s public benefits, be prepared to answer.
More and more states are switching to a managed care model when dealing with Medicaid long-term care patients, a change that has resulted in a loss of services in some cases.
Have you been officially asked to manage someone else's money? For example, have you been named as an agent under a power of attorney or appointed trustee of a trust? As our society ages, more and more people are being asked to take on these roles, but they come with both powers and responsibilities, and problems can arise.
November is National Alzheimer’s Awareness Month. The neurodegenerative disease affects over five million people in the United States. That number is expected to grow to 16 million by 2050. With no cure and no long term treatments, new studies are focused on early detection. This year, researchers discovered a way to detect Alzheimer’s even before the onset of symptoms in people at genetic risk for developing the disease.
Gifting assets to your grandchildren can do more than help your descendants get a good start in life; it can also reduce the size of your estate and the tax that will be due upon your death.
This Veterans Day, all honorably discharged service members will receive a new benefit – the ability to buy discounted products at military exchanges through an expanded online shopping network.The program will open up military exchanges to America’s 18.5 million veterans – including an estimated 52,000 in Wake County.
It’s hard to address a problem without clearly identifying what the problem is, but such is the case with elder abuse.Researchers and experts can’t agree on what “elder” means – over 60? over 65? or is it a matter of mental capacity rather than an arbitrary age? — let alone what constitutes “elder abuse.” What we do know is that it takes many, many forms — physical, emotional, sexual, financial, neglect, abandonment, etc.
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2018 income as a result of buying long-term care insurance.
The cost of long-term care just keeps going up. Those are the findings of the Genworth 2017 Cost of Care Survey, released last month by Genworth Financial.
November is National Alzheimer’s Disease Awareness Month and National Family Caregivers Month. The Alzheimer’s Association is marking these events by recognizing and honoring the more than 15 million family members and friends across the U.S. who are currently caring for a person living with Alzheimer’s.
People who work with the elderly population in Erie County are getting a new tool to help protect their clients. Dozens of providers and advocates spent Monday morning at the United Way building learning how to use the new Legal Risk Detector App.
A Durable Power of Attorney should be a part of every Florida resident's estate plan. It authorizes someone (the "agent") to manage the financial affairs of another (the "principal"). The Durable Power of Attorney may also impact on Florida Medicaid planning, as an agent may need certain powers in order to help the principal achieve eligibility for Medicaid long-term care benefits.
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. Short-term care insurance provides coverage for nursing home or home care for one year or less.
Disagreements with a nursing home can come up regarding any number of topics, and almost none is trivial because they involve the day-to-day life of the resident. Among other issues, disputes can arise about the quality of food, the level of assistance in feeding, troublesome roommates, disrespect or lack of privacy, insufficient occupational therapy, or a level and quality of activities that doesn't match what was promised.