…peace of mind that comes with it — in the years to come. Many people think that Medicare will pay for long-term care, but it does not! Medicare will pay…
Search Results for: medicare advantage
Will Medicaid Block Grants Affect Your Ability to Get Long-Term Care?
…fewer than 20 million people. Today’s Medicaid program bears little resemblance to that early program. Medicaid now has a considerably wider reach than Medicare, and as Medicaid has expanded, it…
Unexpected Retirement Costs and How to Plan for Blind Spots?
…percentage of retirement planning problems trace back to a single misunderstanding: Medicare is health insurance, not long-term custodial care coverage. Medicare can pay for limited, medically necessary skilled care in…
Comparing Aging-in-Place vs. Assisted Living
…lead to injuries from falls and other hazards, discomfort, and even avoidable fatalities. To help you make your decision, let’s take a look at aging-in-place in terms of advantages, disadvantages,…
Maximize Your Impact with Your 2021 Charitable Giving
…their deduction, which means that they cannot take advantage of the tax benefit of making a charitable donation other than the allowable above-the-line deduction previously mentioned. Your retirement assets also…
Microboards and Self-directed Support Corporations
…a model for others. Advantages and Challenges of Microboards One of the main advantages of a Microboard in Virginia, in particular, is the ability of the organization to accept loans…
How Can a Power of Attorney Protect You from Exploitation?
…a power of attorney, where a crooked agent takes advantage of an unsuspecting senior. or even worse, as in the story as you relate above, a forged power of attorney…
Why Would a Married Couple Want Separate Trusts?
…headaches for the surviving spouse. However, there are situations where separate trusts are a better choice. Common Advantages of Separate Trusts The following are some advantages of separate trusts: Protection…
FAQs About Hybrid Insurance Policies
…an annuity) and long-term care coverage. What is a single premium policy option, and what are the advantages? Hybrid policies are typically considered to be asset-based long-term care coverage, because…
Dozens of Dementia Treatments Have Failed. Will This One Work?
…couple took advantage of a study in which Medicare covered the cost of brain scans of older people to check for amyloid plaques, the protein that is the hallmark of…
Why Retirement Planning Is Even More Important During a Pandemic (Part 3 of a 3-part Series)
…minimal impact long-term. If you’re over 59 1/2, consider setting up a plan to make systematic withdrawals from your qualified retirement accounts, using tax bracket management designed to take advantage…
Baby Boomers Face Spike in Homelessness — How to Prepare so It Never Happens to You!
…amount! It is also important to understand that Medicare does not pay for long-term care. Medicaid is the only federal program that will help pay for long-term care, but you…
Seven Million Americans Have Mild Cognitive Impairment and May Not Know It
…they’re unable to take advantage of preventive measures or new treatments, such as a recently approved drug for Alzheimer’s disease that could slow its progression. Those are the findings of…
Social Security FAQ
…or Medicare work credit and $5,880 to get the maximum four credits for the year. You can check out the Social Security website —www.ssa.gov/benefits/retirement/planner/credits.html — to determine how much you…
Landmark Supreme Court Marriage Case May Affect Planning Choices
…be entitled to these services and benefits. Tax Benefits: Filing joint income tax returns with the IRS: Filing a joint return may offer advantages over separate returns. Many unmarried couples…
When Caregiving Makes You Crazy
…nursing home becomes a consideration, using Medicare’s online Nursing Home Compare tool is a great starting point. Take care of yourself. Caregiving can be both emotionally and mentally taxing, and…
What is the Difference Between Hospice and Palliative Care?
…care, hospice care is often affordable, with costs being primarily covered by the federal Medicare hospice benefit program. Hospice care costs can also be covered by your loved one’s state…
Fairfax County, Virginia is Number One in Life Expectancy
…health screenings for cholesterol levels, colon cancer, diabetes, heart problems, and more, especially since they are covered by Medicare. Physicals are typically not covered by original Medicare, however. Please read…
How to Afford Assisted Living
…unreimbursed medical expenses (not covered by Medicare or a Medicare supplement) for veterans and their surviving spouses. A & A is a useful program for those who need assistance with…
Will My Mother Face Financial Ruin Paying for a Nursing Home?
…in the home. The cost of a spot in an assisted living facility has also soared to an unaffordable level for most middle-class Americans. Medicare, the federal health insurance program…
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