The Problem of Unexplained Deposits – Part 2
Last week I wrote about how unexplained deposits have the potential to be more damaging to a Medicaid application than unexplained withdrawals. That’s because deposits must be explained or the application is denied for being incomplete and those same deposits must be explained in any new application unless the deposit then falls outside
The Problem of Unexplained Deposits – Part 1
More and more of the Medicaid applications we handle these days involve issues surrounding assets received by way of the death of a family member. More often than not it will be a spouse who died, however, it may also be a parent or other relative. As part of Medicaid applications now,
Medicare Open Enrollment Time
While I don’t spend much time here talking about Medicare issues, the end of the year is an important time. That’s because it is Medicare’s open enrollment period, a once a year special event. Medicare is one of the many government programs that can be confusing. There are so many different options
More Numbers for 2021
Last week I talked about some of the important Medicaid and VA numbers that will increase in 2021. This week we’ll review some more adjustments for 2021 in some of the other government programs and taxes relevant to our clients. Medicare Part B premiums will increase slightly next year. Most people pay the standard
Medicaid and VA Figures for 2021
The Social Security Administration recently announced its cost of living adjustment (COLA) for 2021. This adjustment is important not only because many seniors depend on Social Security benefits as their primary source of income. This adjustment is also applied to many of the other government programs that affect our clients’ lives. This year’s