31 01, 2023

Will Medicare Pay for Housekeeping Services?

2023-02-13T12:28:33-05:00January 31st, 2023|

Medicare is federal health insurance for people over 65, some younger people with disabilities, and those with end-stage renal disease. Coverage of housekeeping services under Medicare can depend on several factors. Is There Coverage for Housekeeping Under Original Medicare? Medicare is [...]

31 01, 2023

IRS Raising Annual Gift Tax and Estate Tax Exclusions in 2023

2023-01-31T16:55:05-05:00January 31st, 2023|

Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax and estate tax exclusions for 2023. If you are considering wealth transfer tax planning, these are welcome increases. Gift Tax [...]

30 01, 2023

Medicare Will Now Cover Medically Necessary Dental Care

2023-02-01T21:28:22-05:00January 30th, 2023|

In November 2022, the Centers for Medicare and Medicaid Services (CMS) announced that Medicare coverage will be expanded to include medically necessary dental services. This change in Medicare rules will allow people with life-threatening conditions to receive dental care and [...]

27 01, 2023

Step-Up in Basis and Why It Matters in Estate Planning

2023-01-26T09:03:58-05:00January 27th, 2023|

Recent news stories may have made you aware of the “step-up in basis” and the current administration’s desire to eliminate or adjust it. If you are considering engaging in estate planning or you may be inheriting assets, it is important [...]

25 01, 2023

Start 2023 Prepared: Reassess What Matters Most

2023-01-25T07:25:10-05:00January 25th, 2023|

If we have learned anything these past few years, it’s that life is fleeting. Amid such uncertain times, many of us have realized what – and who – truly means the most to us. Estate planning allows you to reflect [...]

23 01, 2023

Protecting Spouses of Medicaid Applicants: 2023 Guidelines

2023-01-22T11:37:54-05:00January 23rd, 2023|

The Centers for Medicare & Medicaid Services (CMS) has released the 2023 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures. What Are Spousal Impoverishment Rules? Spousal impoverishment is a concern [...]

20 01, 2023

Pros and Cons of a Medicaid Asset Protection Trust

2023-01-20T01:57:47-05:00January 20th, 2023|

A Medicaid Asset Protection Trust (MAPT) is one option a person may consider to protect their assets from Medicaid and nursing homes or long-term care. A MAPT is an irrevocable trust created during your lifetime. The primary goal of a [...]

20 01, 2023

5 Smart Estate Planning Strategies for High-Net-Worth Families

2023-01-20T07:52:28-05:00January 20th, 2023|

If you are a high-net-worth individual, it’s essential to have a comprehensive estate plan in place. However, every family’s circumstances are unique, and there is no one-size-fits-all solution for estate planning. Below are five estate planning strategies that may be [...]

18 01, 2023

Getting Medicare Food Benefits

2023-01-18T16:26:35-05:00January 18th, 2023|

As people age, accessing healthy meals can become more challenging. According to Feeding America, one in five older adults was food-insecure in 2020. Some older adults struggle with affording healthy foods, whereas others have difficulty going to the grocery store and [...]

16 01, 2023

New Rule Aids Seniors Who Are First-Time Medicare Enrollees

2022-11-06T14:37:08-05:00January 16th, 2023|

A new rule going into effect January 1, 2023, is setting seniors up with improved access to health care coverage. Your Medicare Initial Enrollment Period (IEP) begins as you approach your 65th birthday. For the three months leading up to [...]