Frederick, MD 
301-663-9230When converting an IRA to an immediate annuity for VA purposes, the immediate annuity does not have to have an actuarially sound pay-out.
However, beware of the Medicaid annuity trap; Medicaid has different terms than the VA.
However, beware of the Medicaid annuity trap; Medicaid has different terms than the VA.
Most people, including veterans and seniors, do not have a sufficient understanding of annuities, to make a decision about the appropriateness of an annuity product.
The VA is now requesting documentation of all assets transfered prior to the date of a veteran’s application to show that all of these rights have been relinquished.
If you are single, the odds are 50 percent that you will need long-term care. If you are age 65 and married, the odds are 75 percent that you or your spouse will need long-term care. These statistics reveal that most people will be faced with long-term nursing home care issues and challenges at some point in their lives – whether for themselves or a loved one. While surfing the web this week, I ran across an excellent Special Report on Long-Term Care put together by the folks at Kiplinger. I think it’s an excellent resource for anyone considering purchasing…
The Kaiser Family Foundation Report explores factors that appear to drive relatively high rates of hospitalizations, based on interviews with doctors, nursing home staff and families in four cities. Key factors include liability concerns, limited onsite staff capabilities, difficulty reaching residents' physicians for care instructions on nights and weekends, better and more timely access to diagnostic tests in hospitals, and patient preferences. Physicians with patients in a long-term care facility say it is more convenient and potentially in their financial interest to see patients in the hospital, based on their understanding of coverage and payment policy.
Speak with a VA benefits counselor at your local benefits office.
Family Dynamics, & Medicare Patient Rights and Ethical Issues for Social Workers 3 credit hours of Category I Ethics continuing education for social workers licensed in Maryland Wednesday November 17th 2010 Classic Residence 8100 Connecticut Avenue Chevy Chase, MD 20815 Continental Breakfast will be served Mary Lawrence 301-907-8895 Director of Sales 8:30 Registration “Come to our Early Bird Special Breakfast at 7:30 to beat the traffic.” 9:00 am to 12:00 program Program David Wingate Elderlaw Attorney Senior Life Care Planning LLC 240 453 0070 Family Dynamics for Elders Social Worker’s Ethical Rules Social Worker’s Ethical Rules – Summary Jack Davidson Community…
A Medicaid Friendly Irrevocable Trust has asset protection potential for those whose health and budget will allow them to leave the assets undisturbed for five years.
click Nursing Home Reviews to review nursing homes.
While the rules have changed, attendees will discover that good planning opportunities exist for those who plan ahead, as well as those who are already in a nursing home.
