7 Reasons Not to Avoid Estate Planning
1.My family and I don’t own much. Can’t we put off planning until we can afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should…
Gift Giving and Medicaid
If there is a possibility that a loved one might need Medicaid assistance in the foreseeable future, that person should not be giving gifts. This can be sad if that person gets joy out of generosity. But gifts in that…
The Need for Affordable Long-Term Care in the US
AARP reports that, between 2015 and 2050, the population age 85+ will more than likely triple. Due to the growth of this demographic, we will face many challenges ahead as more people than ever will need long-term care. Elected leaders…
Planning with your Parents
Nobody really wants to think in advance about accidents or illness. But if no advance planning has been done when an elderly parent experiences an accident, then the family may have to make crucial decisions in a highly stressful situation.…
Tips and Resources for Assistance In Understanding Medicare
For those trying to understand Medicare or interested in information on Medicare, understand that applying for the benefit sometimes seems like a double-edged sword. On the one hand, Medicare is obviously a good resource because it provides medical benefits to…
More Telehealth Services To Be Covered By Medicare
Due to the COVID-19 outbreak, the Centers for Medicare & Medicaid Services (CMS) recently announced that it has increased access to Medicare telehealth services. This means that Medicare beneficiaries can receive more benefits from their doctors without having to travel…
When is Medicaid Crisis Planning Appropriate for You and Your family?
Medicaid is available to individuals who meet certain asset requirements that help them pay for long-term care (LTC) costs and is a joint federal and state program. Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and…
The Importance of Planning Ahead for Your Inheritances and Medicaid
Mistakes can be made when it comes to inheritances and Medicaid. Those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to…
Understand the Affect of Inheritance in Medicaid Planning
An inheritance can be the source of costly mistakes related to Medicaid which should be avoided. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to…