1 02, 2023

What Are the Benefits of Having a Testamentary Trust?

2023-02-01T21:03:38-05:00February 1st, 2023|

There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan. What Is a Testamentary Trust? A testamentary trust allows a testator to manage wealth by giving a trustee [...]

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 [...]

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 [...]

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 [...]

13 01, 2023

Will You Lose Your Medicaid Coverage When the Pandemic Ends?

2022-11-06T14:37:07-05:00January 13th, 2023|

When the COVID-19 pandemic began, the government declared a public health emergency and gave the states the ability to provide more citizens with health insurance through Medicaid. As a result, 25 percent more Americans now have access to health care, including [...]

9 01, 2023

What to Do If Medicare Denies Coverage for Prescription Drug

2022-11-06T14:37:06-05:00January 9th, 2023|

Receiving a denial at the pharmacy for a drug you need can be a stressful experience. When Medicare declines to cover a prescription, some might worry that they cannot afford the medicine out of pocket. Others might also need the [...]

6 01, 2023

Now You Can See More Data Before Choosing a Nursing Home

2022-11-06T14:37:05-05:00January 6th, 2023|

For families seeking nursing home care for a loved one, getting information on what a nursing home is truly like or who owns it is easier said than done. Many rely on word of mouth, referrals, or recommendations. Others must [...]

2 01, 2023

When Should You Start Helping With Your Parents’ Finances?

2023-01-02T15:21:39-05:00January 2nd, 2023|

It is tough to know when you should step in and help your parents with their finances. You may go back and forth about when to take over. Deciding whether your parents still have the cognitive ability to manage their [...]

30 12, 2022

Insured Retirees Paying Tens of Thousands for Health Care

2022-11-06T14:37:03-05:00December 30th, 2022|

It’s no secret that health care remains one of the biggest expenses facing American retirees. Coverage through Medicare, Medicaid, or another insurer will help mitigate these costs to some extent. Yet retirees still tend to pay tens of thousands of [...]