Unfortunately, we see many horror stories by people taking advice from their neighbors, acquaintances and friends. Thus, we help you save thousands of dollars per month through our nursing home and estate planning strategies.
where were the Democrats, standing up for the rights of veterans, and the frail and elderly? If they fought for these people rather than Bankers, Insurance Executives, Financial Executives, things may have been different.
In order to qualify for Medicaid, the federal-state program for the poor, an individual must deplete his or her assets to reach a $2,500 threshold. Often, that patient needs care before reaching that limit and can accumulate thousands of dollars in nursing home bills.
In a recent article in the New York Times new research shows that one of the first signs of impending dementia is an inability to understand money and credit, contracts and agreements. The Financial Industry Regulatory Authority, the largest nongovernmental regulator for securities firms doing business in the United States, recently met with individual financial services companies and the Alzheimer’s Association to formulate guidelines on how to deal with clients who have trouble remembering and reasoning, a problem that is not new but is increasing as the population ages.
If the doctor states that the claimant must live in a “protective environment as provided by ________________ “ and the facility letter states that they are providing this protective environment, the entire IL fee should be accepted as UME. However, if no confirmation of “protective environment” or the facility is not providing same, the claimant may declare some facility costs as UME; e.g. medic alert system, transportation to/from doctors, twenty-four hour on-sight supervision, meal preparation, etc. To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of…
Review special monthly compensation, if requires A & A, an additional benefit beyond 100%, Form 21-526B. Also, dependent benefit money i.e. wife and any dependent children or parent(s) on this form and on a statement in support of claim form. Furthermore, file for extended care services through the VHA. This may provide home care, sitters, etc. The form is 10-10EC. Although, the VA doctor will have to approve. Additionally, file if veteran’s home requires remodeling (adaptation), form 26-4555 or form 26-4555d. Also, if veteran dies of ALS, widow file for DIC. Widow can receive up to $1,686.00 per month, dependent…
If the veteran’s condition (injury or disease i.e. Agent Orange) is combat related, depending on circumstances, apply for CRSC from the Department of Defense. This offsets retirement and will match VA compensation and is non-taxable. However, you cannot have both CRDP (if over 50% rated) and CRSC, but CRDP is taxable. Consequently, it may be an advantage to change to CRSC. The form is DD 2860. If spouse is the beneficiary of the veteran’s military retirement, upon veteran’s death, the spouse will receive SBP from the Department of Defense. Additionally, if the veteran is receiving Tricare for Life, the spouse…
Prior to approval of Veteran’s Benefits i.e. during claim approval process, the children of a veteran are paying for a caregiver. Can they be reimbursed by claimant with the retroactive payment when approval occurs? The claimant and children could execute a promissory note. Therefore, the children’s payments are a loan. Consequently, the children are repaid when veteran’s benefits are approved and received. (Potentially, important for Medicaid, to avoid transfer penalty) However, only what the claimant pays is considered UME, so the answer is it depends. Besides, some companies provide non-secured loans to pay for the care; then they are repaid, with…
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