When you hear about changes in inheritance law, Medicaid funding, and nursing home issues in the news, you want to know how that will affect you. Learn more by reading our take on the major news stories here.
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Don't Make the Mistake of Not Signing up for Medicare Supplemental Coverage You are turning 65 and enrolling in Medicare, but as a healthy senior do you really need to also sign up for Medicare's supplemental coverage? Not signing up initially can be very costly down the road. -
For First Time, Median Cost of Private Nursing Home Room Hits Six Figures in Annual Survey The median cost of a private nursing home room in the United States increased to $100,375 a year in 2018, up 3 percent from 2017, according to Genworth's annual Cost of Care survey. -
2019 Will Bring Social Security Beneficiaries the Biggest Increase in Eight Years The Social Security Administration has announced a 2.8 percent increase in benefits in 2019, the largest increase since 2012. -
Medicare Premium to Edge Up in 2019 After staying the same last year, Medicare’s Part B premium will increase slightly in 2019. The premium will increase $1.50 from $134 a month to $135.50. -
It’s Open Enrollment Season: Is Your Medicare Plan Still Working For You? Do you have the right Medicare plan? It is fall, which means it is time to think about whether your current plan is still giving you the best coverage or whether a new plan could save you money or offer better coverage. -
Can I Give My Kids $15,000 a Year? If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift. -
It’s Now Harder for Veterans to Qualify for Long-Term Care Benefits The Department of Veterans Affairs (VA) has finalized new rules that make it more difficult to qualify for long-term care benefits. The rules establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA pension benefits that require a showing of financial need. -
How to Handle Sibling Disputes Over a Power of Attorney A power of attorney is one of the most important estate planning documents, but when one sibling is named in a power of attorney, there is the potential for disputes with other siblings. No matter which side you are on, it is important to know your rights and limitations. -
Be Careful About Putting Only One Spouse's Name on a Reverse Mortgage A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse's name on a reverse mortgage. -
It's Important to Shop Around for Your Medigap Policy Medigap premiums can vary widely depending on the insurance company, according to a new study, so be sure to shop around before choosing a policy.