The report also found that allowing current contributors to divert funds out of the general Social Security fund into private accounts will “exacerbate the shortfall in revenues for current and future retirees as well as for current and future recipients of disability and survivors insurance.”
If you don't fit into one of those catagories,as indicated in What ar the co-payments for Veterans (Part 1), the VA will ask you to provide your household income and net worth from the previous year. If your income is below certain thresholds, you will not have to make a copayment. Click here to view the thresholds for income. In addition, you must not have more than $80,000 in property. Those whose income exceeds the threshold or who refuse to submit to the means test may have to make a copayment. Unlike Medicaid, there is no penalty for transferring assets…
This information is wrong, the spouse who is not in the nursing home, the community spouse, does not have to be left impoverished, for Medicaid qualification.
Everyone understands sales people, including those in finance and insurance, make money when people buy their products or services. But residents of senior living communities – such as the 94-year-old mother – can be especially vulnerable targets.
If you require an intensive 24 x 7 skilled nursing care facility, then an assisted living facility is not for you. Consequently, a nursing and rehabilitation care facility is recommended.
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