…partially driven by inflation. In fact, 1 out of 4 Americans said that inflation caused them to see a greater need for estate planning. Overall, 64% of Americans think having…
Search Results for: inflation
Retiree Confidence Is the Lowest in 15 Years! How You Can Plan Ahead for Retirement and Long-Term Care
…$670,000 inflation-adjusted for 2023), and in 1 percent of cases, costs exceed $949,000 (around $1.3 million inflation-adjusted for 2023). The inflation-adjusted numbers above are based on the fact that the…
Tips for Seniors on Coping with Inflation
…gone up 30% or more. As someone who lives on Social Security, I’m having trouble affording food and gas. What are some strategies for coping with inflation for seniors? Thanks…
Will the Inflation Reduction Act Affect Seniors on Medicare?
…including free vaccines and drastically reduced cost for insulin. How the Inflation Reduction Act Will Help Seniors According to the Centers for Medicare & Medicaid Services (CMS), the Inflation Reduction…
How to Live Comfortably Off Just a Social Security Check During Inflation
…during inflation. Is this even possible and if so, how? Thanks for your help! Liv Inoffit-Alonn — Dear Liv, Currently, nearly a quarter of seniors ages 65 and over live…
2024 Key Elder Law Numbers
…rate of inflation. There will be lower costs for insulin and vaccines. Your Medicare drug plan can’t charge you more than $35 for a one-month supply of each insulin product…
Will Christmas Gifts Disqualify Grandma?
…inflation and the tax rate remained at 40%. The 2014 lifetime gift tax exemption as indexed for inflation was $5,340,000, the 2015 lifetime gift tax exemption is $5,430,000 (an increase…
Gift and Estate Tax Exclusion Amounts for 2017
…40%. In 2014 and future years, the exemption amount continued to be indexed for inflation and the tax rate remained at 40%. The 2014 lifetime gift and estate tax exemption…
Are Changes on the Horizon for Long-Term Care Insurance?
…retirement.” • Inflation protection to reduce premium costs: The group also suggested that Congress grant the Treasury the authority to lower the level of required inflation protection included in private…
Social Security Recipients to Get 1.5% More in 2014
…Beginning in January 2014, for the average retiree, monthly benefits will rise $19 to $1,294. In addition to benefit amounts, inflation will also affect other Social Security-related figures. The maximum…
Ask the Expert: Gifting and the New Gift and Estate Tax Exclusion Numbers
…and future years, the exemption amount will continue to be indexed for inflation and the tax rate will remain at 40%. The 2014 lifetime gift tax exemption as indexed for…
Long-Term Care Insurance FAQs
…bankrupted by nursing home fees anyway because of insufficient coverage. As with other medical expenses, the inflation rate in nursing home fees is currently quite high. In 10 years, the…
How is the Virginia ABLE Act Affected by the Tax Overhaul?
…overview of ABLE Act updates resulting from the new tax law: Inflation Adjustments: The Internal Revenue Service (IRS) recently announced a multitude of tax year 2018 annual inflation adjustments, including…
The Older Americans Act Expired On 9/30: What that Means
…through OAA, funding has been relatively flat over the past decade, failing to keep up with inflation and demand from a rapidly expanding older population. Millions of seniors continue to…
2023 Key Elder Law Numbers
…Supplemental Security Income (SSI) beneficiaries will receive an 8.7 percent Cost of Living Adjustment (COLA) for 2023! With inflation soaring in 2022, the extra money will help seniors and others…
Our Top 23 Articles of 2023
…Alzheimer’s and Parkinson’s, technology continues to have a major impact on our lives. In addition, inflation continues to play a major role in the confidence many of us have when…
2025 Key Elder Law Numbers
…Inflation Reduction Act of 2022 is responsible for some of the biggest Medicare changes in the past several years. For example, in 2024, the government expanded eligibility for financial assistance…
What Trump’s New Bill Means for Medicaid Long-Term Care Coverage
…its inflation protection. More on this below. Retroactive coverage is being shortened, making it easier to fall into uncovered gaps. More on this below. Citizenship verification rules are getting stricter….
Planning for Long-Term Care (Part 3)
…premiums and then be bankrupted by nursing home fees anyway because of insufficient coverage. As with other medical expenses, the inflation rate in nursing home fees is currently quite high….
Long-term care premium increases soar: Elder law attorneys become the go-to professional
…where the insurer has its greatest exposure to loss – policies that include compound inflation coverage or lifetime coverage, or both. The rate increases come on the heels of recent…
- 1
- 2
- 3
- …
- 5
- Next Page »