Elder Law Archives - Milvidskiy Law Group P.C.
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19 07, 2021

You May Be Overestimating Your Social Security Benefits

2021-07-19T10:54:23-04:00July 19th, 2021|

Studies have found that workers overestimate how much they will receive in Social Security benefits when they retire. Having a good understanding of the realities can help you plan for retirement.  Researchers from the University of Michigan studied the expectations of [...]

10 05, 2021

How You Can End Up in Medicare’s Doughnut Hole, and How You Get Out

2021-05-10T08:28:41-04:00May 10th, 2021|

Medicare prescription drug (Part D) plans can have a coverage gap—called the "doughnut hole"--which limits how much Medicare will pay for your drugs until you pay a certain amount out of pocket. Although the gap has gotten much smaller since [...]

7 05, 2021

Can an IRA Affect Medicaid Eligibility?

2021-05-07T08:21:51-04:00May 7th, 2021|

For many Medicaid applicants, individual retirement accounts (IRAs) are one of their biggest assets. If you do not plan properly, IRAs can count as an available asset and affect Medicaid eligibility. Medicaid applicants can have only a small amount of [...]

26 04, 2021

Finding the Right Hospital Bed Rental

2021-04-26T11:04:54-04:00April 26th, 2021|

If you are caring for a loved one at home, you may need to rent a hospital bed. Here are the ins and outs of hospital bed rentals.  The benefit of a hospital bed is that it adjusts to allow [...]

1 02, 2021

Long-Term Care Insurance Premiums Have Soared in Past Year

2021-02-01T10:19:55-05:00February 1st, 2021|

Long-term care insurance prices have suddenly skyrocketed by as much as 66 percent in one year, according to the 2021 Long-Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance, an industry group. The price increases apply [...]