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
Medicare Insurer Taking Proactive Steps Ahead of Flu Season
As winter approaches, COVID-19 infection rates have started to climb again. At the same time we are entering influenza season. Health officials have talked for some time about the potential double whammy caused by COVID infections and flu cases occurring at the same time. The symptoms of the two illnesses are similar which
Possible Tax Law Changes after the Election – Part 2
Last week I wrote about the questions we have been receiving from clients about tax law changes coming after next month’s election and what to do now. As I stated last week and I’ll say again, it is impossible to know now what changes may come, therefore, we can’t recommend any
Possible Tax Law Changes After the Election (Part 1)
Taxes are always a topic of conversation during elections, especially presidential elections. This one is no different. At the same time, our clients have begun to ask us about certain changes they have read about and what they should do now. Our answer at this point is that any talk about changes
Stimulus Checks Issued to Deceased People
A few weeks ago I wrote about Stimulus checks, the part of the CARES Act that gives one time payments of $1200 to every American whose adjusted gross income is $75,000 or less (and a smaller amount for those with income between $75,000 and $99,000). Since then, some people have received the payments direct
Is it Still Possible to Probate a Will?
Last week, I heard the statistic reported that the number of Covid-19 related deaths has now exceeded the number of people who died in the Vietnam War. The Vietnam War, of course, spanned 11 years while the current pandemic has been ongoing for a few months at this point. The compressed
Covid Medicare Coverage
What we know about the Coronavirus is that seniors are at a higher risk of serious illness than younger age groups. So how has Medicare, the primary health insurance program for Americans over 65, responded?
CARES Act – An Overview for Seniors and Their Families
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) was passed by Congress and signed by President Trump last month. It is a $2 trillion aid package with a lot to it. Because of the speed with which it was written and passed, there is much confusion about what’s
Should I Move My Loved One?
As the current Covid-19 pandemic continues and experts predict that the peak in the number of new cases is expected to be reached sometime this month we have been taking calls from family members who want to know whether they should consider moving their loved one to another facility or to their own home.