You should take a holistic approach when you are looking ahead toward your active retirement years and the twilight years that will follow. At first, the goal is to enjoy your freedom, spend quality time with your family, and cross things off your bucket list. As the years pass, you may find that you need … [Read More]
These Long-Term Care Facts Will Get Your Attention
The matter of long-term care is the most pressing issue that elder law attorneys address on behalf of their clients. If you have not given it much thought, these compelling facts should definitely get your attention. You will probably need long-term care. According to the United States Department of Health and Human Services, just over … [Read More]
VA Aid and Attendance Pension Can Give Seniors a Boost
You should be aware of the potential impact of long-term care costs when you are looking ahead toward your retirement years. The United States Department of Health and Human Services has found that seven out of ten seniors will require living assistance eventually. Just over 50 percent of elders will incur long-term care expenses, and … [Read More]
Does Medicare Cover Long-Term Care?
You qualify for Medicare and Social Security through the accrual of retirement credits. This year, you get one credit for every $1470 that you earn, so everyone that works consistently will get four credits each year. After you have accumulated a total of 40 credits, you will qualify for these programs when you reach the … [Read More]
Will Medicaid Count My Life Insurance?
As elder law attorneys, we have to pass along an inconvenient truth about long-term care costs. All of your life, you do not want to qualify for Medicaid because the program is only available to people with a significant level of financial need. With this in mind, when you hear the term “Medicaid planning,” you … [Read More]
Medicaid Answers: Can a Spouse Keep a Beneficiary’s Income?
The Medicaid program may be the furthest thing from your mind if you have health insurance through your employer or Medicare. However, at some point in your life, you may be very interested in the Medicaid eligibility parameters. We are going to answer a particular question that is asked about Medicaid in this post, but … [Read More]
What Is the Connecticut Medicaid Asset Limit in 2021?
The Medicaid program is largely ignored by people with health insurance that will qualify for Medicare when they are 65 years of age. This being stated, it should definitely be on your radar if you want to preserve your legacy for the benefit of your loved ones. It is important because of one inconvenient truth: … [Read More]
Medicaid Planning 101
It is natural to assume that your health insurance needs will be satisfied for life after you qualify for Medicare coverage. Unfortunately, there is a significant expense that most senior citizens will face that is not covered by the program. Medicare will not pay for a stay in a nursing home, and it doesn’t cover … [Read More]
This Veterans Benefit Can Defray Long-Term Care Expenses
When you are planning ahead for your senior years, you should anticipate some significant expenses that are lurking over the horizon. According to the United States Department of Health and Human Services, 52 percent of seniors will need some type of paid long-term care. Over one third of them will reside in nursing homes, and … [Read More]
Elder Care: Evolved Thinking Can Preserve Your Legacy
When you look back on your life, you invariably recognize the fact that you would act differently in some ways if you could consult with your future self. Indeed, it is said that experience is something that you get right after you need it. How can you be prepared for a situation that you have … [Read More]
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