January 1, 2007 through through March 31, 2007 is the open enrollment for Medicare Advantage plans. These new private-sector plans were created along with the Medicare prescription drug program by the 2005 Medicare Modernization … [Read more...]
Reverse Mortgage Home Equity Loans
February 1, 2007 by Leave a Comment
For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a conventional home-equity loan. But a conventional loan really doesn't free up the equity because the money has … [Read more...]
New LTC Insurance Premium Deductibility Limits
December 1, 2006 by Leave a Comment
The Internal Revenue Service has announced the 2007 limitations on the deductibility of long-term care insurance premiums from taxes. Premiums for "qualified" (see explanation below) long-term care policies are treated as an … [Read more...]
Average Nursing Home Room Tops $90,000 a Year
December 1, 2006 by Leave a Comment
The average daily cost of a private room in a nursing home in Northern Virginia is $91,615 a year, or $251 a day, according to the 2006 MetLife Market Survey of Nursing Home and Home Care Costs.The average daily cost of a … [Read more...]
Medicare Preventive Services: What is Covered?
December 1, 2006 by Leave a Comment
As the saying goes "an ounce of prevention is worth a pound of cure," and as you get older, taking preventative measures can keep you healthy. And if you are a Medicare beneficiary, there are a number of preventive services … [Read more...]
Pet Trusts — Important Planning for Pampered Pets
December 1, 2006 by Leave a Comment
Q: What is a Pet Trust?A: A pet trust is legal instrument that you can create to insure your pet receives proper care after you die or in the event of your disability. In Virginia, pet trusts are authorized by Virginia Code … [Read more...]
When Should You Take Your Social Security Benefits?
November 13, 2006 by Leave a Comment
As you approach retirement, you must decide when to begin taking your Social Security benefits. You have three options: You may begin taking benefits between age 62 and your full retirement age, you can wait until your full … [Read more...]
