What to Do If Your Medicaid Application Is Denied

          If you apply for long-term care assistance through Medicaid and your application is denied, the situation may seem hopeless. The good news is that you can appeal the decision.  Medicaid is a program for low-income individuals, so it has strict income and asset eligibility requirements. Qualifying for Medicaid requires navigating the complicated application process, which has […]

Claiming Social Security Benefits at Age 70

If you are about to turn 70, congratulations on reaching a big milestone.  And if you also have delayed claiming Social Security retirement benefits up till now, you are joining a select group — only 6.5 percent of Social Security recipients put off collecting their benefits until they reach three score and ten, the age […]

Biden Proposes Major Nursing Home Reforms, Most Extensive “In Decades”

The Biden administration has announced far-reaching nursing home reforms, targeting staffing and accountability at facilities with deficient care. Advocates are calling the proposals, which include the first-ever federal minimum staffing levels, the most significant reforms in decades.  Nursing homes have been plagued by chronic understaffing and high turnover rates for years, a problem only exacerbated […]

Rather Than End Controversial Medicare Initiative, Biden Gives It a Makeover

In the face of mounting criticism that its Direct Contracting initiative will undermine traditional Medicare, the Biden administration announced that rather than terminate the model, it is changing its name and adding protections against abuse. The revamped program is a mouthful: the Accountable Care Organization Realizing Equity, Access, and Community Care (ACO REACH) Model. Direct Contracting’s critics, who […]

Medicare’s Controversial Direct Contracting Program Hits Biden Administration’s Radar

The Biden administration is hearing mounting calls to end a program that advocates warn will radically transform Medicare.  At the same time, the administration is getting counter-pressure from the health care industry that sees a sudden threat to the potentially lucrative plan.  A decision may be coming soon. As recently as early December 2021 the program, known as Direct […]

When to Avoid Naming a Trust as Beneficiary of Your Retirement Plan

Naming a trust as a beneficiary of your retirement plan can be a good idea in some circumstances, but it can be dangerous if you are worried about creditors coming after your estate.  There are a lot of good reasons to name a trust as beneficiary of a retirement plan, whether it is a 401(k), […]

Millions of People Could Lose Medicaid Coverage When the Pandemic Is Declared Over

While declining COVID-19 cases are good news, the end of the pandemic could mean millions of Medicaid recipients will lose their coverage. Federal law has prevented states from terminating Medicaid benefits while the coronavirus health emergency is in place. The Secretary of Health and Human Services declared a nationwide public health emergency for COVID-19 in […]

Earned Income Tax Credit Now Available to Seniors Without Dependents

Working seniors without dependents may qualify for the earned income tax credit when they file their 2021 tax returns. The tax credit assists those with low incomes but was previously primarily available to people with young children.  If you file taxes and your earned income is below a certain level, you can apply the earned income […]

What Documents Are Required for a Medicaid Application?

Medicaid applicants must prove that they have limited income and assets in order to be eligible for long-term care services. Therefore, before beginning the application process, it is helpful to understand what information you will be required to provide to prove your eligibility.  Medicaid is a state-run program, so the rules can vary from state […]