Frederick, MD 
301-663-9230Aging Parents – Asset Protection – Medicaid
When applying for Medicaid or other public benefits, there are often many hidden potholes, obstacles, and dangerous curves in the road.
When applying for Medicaid or other public benefits, there are often many hidden potholes, obstacles, and dangerous curves in the road.
Don’t miss this important event.
The Social Security Administration recently put the kibosh on a technique some retirees were using to boost their monthly benefits. But even though that loophole is essentially closed, experts say there are still plenty of ways households can legally maximize the amount of income they receive from Social Security. — MarketWatchThe risky strategy of the Social Security “do-over,” is no longer available, under new rules issued by the Social Security Administration in December. Few people took advantage of this loop hole, but here is basically how it worked: You claim benefits at an early age, and then years later repay…
If you have had to push-back your retirement plans and continue working, you are in good company. As many as 60 percent of eligible workers say they are postponing retirement. According to a recent article in SmartMoney, that may actually be a good thing. Take this additional time to finalize your retirement planning, and maybe even put your plans through a “test-drive.” “The idea might sound strange. There doesn’t seem to be much need to “practice” retiring. (After all, what’s so hard about not working?) In truth, though, retirement will probably be a sizable shock to your wallet and lifestyle…
According to a recent article in The Wall Street Journal (The Latest Long-Term Care Snafu), however, some families are encountering claims-denials that can prevent or delay the collection of benefits. If you have purchased a long-term care insurance policy, there are steps you can take to help avoid this problem. Most importantly, be sure to re-read your policy’s fine print before hiring a caregiver or entering a facility. We have found, it may make sense for you to hire, Senior Life Care Planning, to help in preparing and advocating for your claims. Be particularly vigilant if the policy was purchased…
As your parent’s age, they may reach a stage when they may no longer care for themselves. Therefore, you, with some difficulty, will have to make decisions about their future living situation. Whether, to bring in home care, assisted living facility or a nursing home. Many seniors are frightened and afraid with the thought of leaving their home. Consequently, your parents may become depressed and withdrawn, which leads to a deteriorating health condition. When making your decision, your parents may not need to go straight to a nursing home. However, this is your parent’s biggest fear. Nursing homes are great…
This new form is less complex, overwhelming, and intimidating. Therefore, Veterans who pick up the form, should not be overwhelmed, and give up, as they have done in the past. Additionally, the VA is addressing the processing of applications. In the past, Veterans could wait over a year for a decision. However, a Veteran can utilize a new procedure called the Fully Developed Claims (Form 21-527EZ). Consequently, the VA’s objective is to process claims within ninety (90) days. But, the form must be fully completed, when filed. Therefore, all information regarding discharge, medical and financial records must be provided, with…
Let me also refer you to Seven Tips for Baby Boomers Turning 65 in 2011, a recent article from US News & World Report.1. Sign up for Medicare on time. There is a seven month window surrounding your 65th birthday during which you can sign up for Medicare, and this starts three months prior to the big day. For every 12 month period during which you haven’t signed up for Medicare Part B, your premiums may go up by 10%. If you are on an employer plan, you’ll have to sign up within eight months of leaving that plan to…
Financial and insurance products have long been key retirement planning components – helping savers mitigate retirement risks and provide retirement income. According to a recent issue of MarketWatch, however, those types of products are getting harder to find as some of the major companies back out of the market.Genworth last week said it will stop selling variable annuities and MetLife decided late last year to stop selling long-term care insurance policies.Why? These are all business decisions based on current economics. But in the case of long-term care insurance, it seems some of the bigger providers got their pricing wrong. Many…
