We Are Here to Help

How to Reverse Medicare Surcharges When Your Income Changes

What happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If your circumstances change, you can reverse those surcharges. Higher-income Medicare beneficiaries (individuals who earn more than $85,000) pay higher Part B and prescription drug benefit premiums than lower-income Medicare beneficiaries. The extra…

Read More

Be Aware of the “Kiddie Tax” Before Leaving an IRA to Children

Many grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, however, the so-called “kiddie tax” could actually make doing this less beneficial. An IRA can be a great gift for a grandchild. A young person who inherits an IRA has will need to take minimum distributions,…

Read More

Using a Prepaid Funeral Contract to Spend Down Assets for Medicaid

No one truly wants to think about his or her own death, however, a little preparation in the form of a prepaid funeral contract can end up being very useful. In addition to easing the burden on your family after your death, a prepaid funeral contract can also be a good way to spend down…

Read More

Why You Should Use a Lawyer for Medicaid Planning

Many seniors and their families don’t use a lawyer to plan for long-term care or Medicaid, often because they are afraid of the cost. But an attorney can help you save money in the long run, as well as make sure you are getting the best care possible for your loved one. Instead of taking…

Read More

Long-Term Care Scorecard Finds States Have Room for Improvement

A new report finds that states have made incremental improvements in providing long-term care, but need to make more improvements in order to meet the needs of the growing number of people who require long-term care services. According to the 2017 Long-Term Services and Supports State Scorecard, while long-term care remains unaffordable for middle class…

Read More

Medicare Preventive Services: What’s Free and What Isn’t?

When we’re young we believe that we’re invincible, which makes it harder to admit as we age that our bodies naturally need more care. Normal aging affects the heart, bones and joints, so preventive care is key to avoiding aging that could be harmful to your health. Medicare-eligible Americans who are signed up for Medicare…

Read More

Time for College: Take These Important Steps BEFORE Your Child Leaves

Every year at this time, many anxious parents are helping their high school graduates gather items they need to take with them to college. Families print off supply lists, visit big box stores and dutifully prepare their children for a new life away from home.  What they don’t realize, however, is that they may be…

Read More

How Medicare and Employer Coverage Coordinate

Last week we identified a type of relief that is being offered from Medicare’s Part B late-enrollment penalty for certain Medicare beneficiaries who enrolled in Medicare Part A and had coverage through the individual marketplace. As a follow-up, this week’s topic will include a discussion of how Medicare and Employer coverage are coordinated for an…

Read More

Relief From Medicare’s Part B Late-Enrollment Penalty Offered to Some

Medicare is offering relief from penalties for certain Medicare beneficiaries who enrolled in Medicare Part A and had coverage through the individual marketplace. For a short time, these individuals will be able to enroll in Medicare Part B without paying a penalty for late enrollment. Individuals who do not enroll in Medicare Part B when…

Read More

Elder Law and Estate Planning Attorneys