Social Security Beneficiaries Will Receive a 2 Percent Increase in 2018

In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums.Cost of living increases are tied to the consumer price index, and an upturn in inflation rates and gas prices means recipients get…

Medicare Part B Late Enrollment Penalty–Waiver Could be Available

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 they…

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’re 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 for your loved one. Instead of taking steps based…

Compare Proposals to Replace The Affordable Care Act

“President Donald Trump and Republicans in Congress have committed to repealing and replacing the Affordable Care Act (ACA). How do their replacement proposals compare to the ACA? How do they compare to each other? Plans available for comparison: The Better Care Reconciliation Act of 2017 (PDF) – Updated 7.13.17 The American Health Care Act, as passed…

Medicaid Cuts are Targeted Under the American Health Care Act

The following article by Valerie Peterson, J.D.  CEO of ElderCounsel is the most up-to-date status of President Trump’s repeal and replace efforts for the ACA: On May 4, House Republicans passed the American Health Care Act (AHCA), an updated version of the Act first introduced in March and which was not voted on. If it passes…

8 Biggest Mistakes in Medicaid Spend Down

Federal law allows Medicaid applicants numerous ways to protect assets. However, few people know about these optons, and advice abounds to simply “spend down all” of the applicants assets in order to qualify for Medicaid Long-Term Care assistance. Following the wrong advice can cost you thousands, if not hundreds of thousands of dollars, that you could otherwise…

Medicaid Reform: Are Block Grants Coming?

Medicaid, the single largest source of health coverage in the United States, provides health coverage to almost 75 million Americans, including children, pregnant women, parents, seniors and individuals with disabilities. Medicaid is a federal program, but it is administered by the states. To participate in Medicaid, federal law requires states to cover certain groups of…