In the past year, assisted living facility rates grew 6.15 percent for a median cost of $51,600 per year or $4,300 per month.
With another round of stimulus checks in negotiations, here is some perspective from the first round about deceased family members receiving stimulus checks.
What does testamentary capacity have to do with the validity of a will?
With coronavirus dominating news coverage and creating alarm, it is important to know that Medicare and Medicaid will cover tests for the virus. DHHS Announces a New Designation The Department of Health and Human Services has designated the test for the new strain of coronavirus (officially called “COVID-19”) an essential health benefit. This designation means […]
Retirement is supposed to mean less stress- Learn where Seniors can find free help with their tax preparations!
Tax season is here! It can be a breeze for some people and others, not so much. We are all pretty much aware of the options available to us. Turbo Tax is a popular one for the DIY set. Some people have an accountant bear the burden, and responsibility, of filing it for them. The […]
The Centers for Medicare and Medicaid Services have just released their guidelines regarding the “community spouse” for 2020. A “community Spouse” is the spouse of a Medicaid recipient who is living in a nursing home. There is an allowance threshold that applies to the community spouse, known as the CSRA or community spouse resource allowance […]
The Setting Every Community Up for Retirement Enhancement Act, aka the SECURE Act, was passed in 2019 to help Americans prepare for their retirements; however, in truth, what it does is accelerate income taxes on retirement accounts for many citizens. The ten-year rule marks the deadline for the disbursement of your retirement account following your death […]
If an adult becomes mentally incapacitated and is incapable of making responsible decisions, the court will appoint a substitute decision maker, often called a “guardian,” but in some states called a “conservator” or other term. Guardianship is a legal relationship between a competent adult (the “guardian”) and a person who because of incapacity is no […]
Veteran’s have two options as far as disability programs are concerned. Disabilities because of injuries sustained during active duty or if the service during active duty made the existing injury worse are covered through disability compensation while disability pension compensates any veteran who is permanently disabled regardless whether or not the disability is due to […]
According to the New York Times, few Medicare beneficiaries take advantage of open enrollment, but of those that do, nearly half cut their premiums by at least 5 percent. Even beneficiaries who have been satisfied with their plans in 2019 should review their choices for 2020, as both premiums and plan coverage can fluctuate from […]