As elder law attorneys, we keep a finger on the pulse of news that is of interest to senior citizens. Clearly, anything that is related to Medicare costs will be of interest. On September 27, an announcement was released by the Centers for Medicare and Medicaid Services (contact form to send us a message. … [Read More]
What Is the Medicaid Look Back Provision?
As elder law attorneys, we counsel clients that are concerned about legal and financial matters that they may face as seniors. Without question, long-term care is at the top of the list. Medicaid is relevant to this subject, and we will explain the Medicaid look back provision in this post. Long-Term Care and Medicare To … [Read More]
Are You Prepared for Life as an Octogenarian?
As elder law attorneys, we help people prepare for the eventualities of aging. Without question, it can be difficult to envision the way you will feel when you are in your 80s. At the same time, the average lifespan for someone that is 67 is the middle 80s, so this is a life stage that … [Read More]
Senior Veterans May Qualify for Special Pension
Many people that have served in the United States military make considerable sacrifices. At the same time, they are rewarded with some solid benefits. One of them is the retirement pension that is available after 20 years of service, and there is another pension that flies under the radar. Military Pension for Wartime Veterans This … [Read More]
Medicaid Planning: Can a Healthy Spouse Keep the Beneficiary’s Income?
We are going to look at a specific aspect of the Medicaid guidelines for married seniors that require nursing home care. In order to understand the implications, you have to absorb some background information about the subject, so we will start there. Long-Term Care and Medicare Since Medicare is the health insurance program that almost … [Read More]
Life Care Planning, Aging in Place, and the Medicaid Waiver
Far too many people do not seriously think about the adjustments that they will have to make when they become senior citizens. At first, you may be able to manage all of your own daily activities, but things can change over the years. Once you are 67, your life expectancy is 87 years if you … [Read More]
Should Senior Citizens Have Long-Term Care Insurance?
A lot of people receive a rude awakening when they learn about living assistance. The first surprise is the fact that 52 percent of seniors will need professional long-term care. Over one-third will reside in nursing facilities, and Medicare does not cover custodial care. Assisted Living Costs According to the state of Connecticut, the average … [Read More]
Five Long-Term Care Concerns That Have Emerged in 2022
More and more people are attaining senior citizen status because of the maturation of the baby boomers. This year, a clear picture is emerging about the major challenge that these people are facing. Long-term care is looming, it is widely misunderstood, and now is the time to get a grip on it. Aging Changes the … [Read More]
This Mistake Can Devastate Your Legacy
When you have been planning for retirement and it is coming into focus, you may have a pretty good idea of what you will be able to leave to your loved ones. You have anticipated your retirement budget, and you have considered contingencies, so you feel comfortable. Of course, there are those that have not … [Read More]
Nursing Home Costs Can Consume Your Legacy
As estate planning lawyers, we help people facilitate effective postmortem asset transfers, but there is another financial element. You have to preserve your wealth to protect your legacy, and there is a looming threat to it in the form of long-term care costs. Aging and Living Assistance It is easy to think that statistics do … [Read More]
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