Medicare and Medicaid to Cover COVID-19 Testing

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 […]

CMS's Updated Financial Guidelines for Community Spouses in 2020

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 […]

A Bipartisan Bill Meant to SECURE your Retirement

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 […]

You Have Been Appointed the Guardian of an Older Adult; Now What?

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 […]

Two Different Disability Programs are Available to Veterans Through the VA

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 […]

Medicare Open Enrollment Runs from October 15 to December 7 Annually!

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 […]