Medicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can prove you made the transfers for a purpose other than to qualify for Medicaid, you can avoid a penalty. You…
Proving That a Transfer Was Not Made in Order to Qualify for Medicaid Read More »
Talking about estate planning is a difficult, emotional topic but it’s essential for every family. Unless you’re certain your parents have an up-to-date will and a wider plan for what should happen in the event of their passing, you shouldn’t assume everything will be taken care of. According to a 2017 survey, less than half of
8 Tips for Having ‘The Talk’ with Elderly Parents Read More »
With the coronavirus pandemic responsible for more than a hundred thousand deaths and disrupting life across the United States, the only way for the country to return to normal is an effective vaccine. When a vaccine is available, Medicare will cover the cost. Medicare covers vaccines in a variety of ways, depending on the vaccine.
Will Medicare Cover a Coronavirus Vaccine? Read More »
For years people have been worried about Social Security’s future, but what is the actual outlook? According to the federal government, unless Congress acts to intervene, Social Security shortfalls are expected beginning in 2035.
How Secure Is Social Security? Read More »
Raising the minimum wage by as little as 10 percent would significantly improve the safety and health of nursing home residents, according to new research. Most direct care in nursing homes is provided by nursing assistants, who make up about 40 percent of the nursing home workforce and are among the lowest-paid workers in the
A Modest Raise for Nursing Home Workers Could Save 15,000 Lives a Year: Study Read More »
Yes, You Can Receive Unemployment and Social Security at the Same Time The COVID-19 pandemic has sent unemployment to its highest levels since the Great Depression, and older workers have been particularly hard hit, with one in five over age 55 now out of work, according to one estimate. Many people continue to work beyond
Yes, You Can Receive Unemployment and Social Security at the Same Time Read More »
When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth’s 2019 Cost of Care survey.
Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey Read More »
A spending bill signed into law by the President contains major changes to retirement plans. The bipartisan legislation is designed to provide more incentives to save for retirement, but it may require workers to rethink some of their planning.
New Law Makes Big Changes to Retirement Plans Read More »
The COVID-19 pandemic has sent unemployment to its highest levels since the Great Depression, and older workers have been particularly hard hit, with one in five over age 55 now out of work, according to one estimate. Many people continue to work beyond retirement age, either by choice or out of necessity, at the same time that
Yes, You Can Receive Unemployment and Social Security at the Same Time Read More »
Not everyone will get the relief payment the federal government is sending to help Americans through the economic hard times triggered by the coronavirus pandemic. Among those left out are seniors and adults with special needs who are claimed as dependents. The Coronavirus Aid, Relief, and Economic Security (CARES) Act included one-time payments of up to $1,200 to