What Happens When You Don’t File for Medicaid When You Should #Medicaid
Shelly called to ask the following questions, “Does my mom have to tell the nursing home where her bank accounts are located?” In order to answer the question, I had to dig a bit deeper to find out what exactly was going on. This is what I learned. Shelly’s dad had
Retirement Account Changes for 2016 #retirementaccount
As the population continues to age and we see the next generation of seniors coming through our office there are differences in the profile of an aging senior today vs. what we saw 15 or 20 years ago. One change is in the amount of retirement assets that we
529 Plans and Medicaid (Part 2) #Medicaid
Last week I was telling you about the problem 529 plans pose for Medicaid. Maria called me to handle her dad, George’s Medicaid application. George had set up 529 plans for Maria’s daughters. Are those accounts countable assets subject to Medicaid’s spend down rules? Last week I explained that
529 Plans and Medicaid #Medicaid
Maria asked me to handle the Medicaid application that needed to be filed on behalf of her father, George. We went over the assets he has left to spend down. That’s when Maria told me that George had set up 529 plans for his granddaughters. “Do we have to
What is Palliative Care? #palliativecare
Human life expectancy in the past 100 years has been substantially lengthened as a result of advances in medical science. However, as we know the quality of an extended life span isn’t always great. Many people live with serious illnesses such as COPD, heart disease, cancer, Parkinson’s Disease etc.
Do-It-Yourself Wills #doityourselfwill
Do a search online and you can quickly find advertisements for websites and software that will help you prepare your own will and other legal documents. Some choose this option to save the legal fees. But is this being “penny wise but pound foolish”? Estate planning is as much
Don’t Fall Victim to Elder Fraud (Part 2) #MondayMorningBlog
Last week I was sharing with you the most common scams that target the elderly. This week let’s talk about tips to help avoid these scams, provided courtesy of the National Council on Aging. Never sign blank insurance claim forms. Never give blanket permission to a medical provider to bill for
What Happens to Social Security Benefits after Death (Part 2) #SocialSecuritySurvivorBenefits
A few weeks ago (1-11-16 post) I was discussing what happens to Social Security benefits when someone dies. Specifically I am talking about the entitlements of a surviving spouse. These benefits are commonly referred to as survivor benefits. Other family members, such as disabled children (provided the disability began before
Noticing Changes in Elderly Family Members (Part 2)
Two weeks ago (1/4/16 post) I was pointing out that while the holiday season is a time when we reconnect with family who we may not have seen for some time, health and behavior changes in the elderly may also become more noticeable. So what can or should you be doing?
What Happens to Social Security Benefits After Death #SocialSecurityBenefits
It’s a common question we get all the time. How do I handle Social Security since Dad has died? The Social Security Administration must be notified as soon as possible when a recipient dies. Usually notification is handled by the funeral director, however, if the funeral home doesn’t provide