J. Anthony Bradley is a VA Accredited Attorney with 23-years experience in Estate Planning, VA Disability Benefits, Asset Protection, & Special Needs Planning.
Life estates can be an excellent tool for Medicaid planning, probate avoidance and tax efficiency, but there are potential problems to look out for. https://t.co/zlcAHdw8Wb
Qualifying for Medicare hardly means free health care -- there are still premiums and deductibles. However, people who qualify for both Medicare and Medicaid (called “dual eligibility”) receive help paying their out-of-pocket costs. https://t.co/RIEOpk0lnD
After a Medicaid recipient dies, the state must attempt to recoup from his or her estate whatever benefits it paid for the recipient's care. https://t.co/0oM8swfjDg
Medicaid long-term care benefits traditionally pay mainly for nursing home care, but the federal government can grant “waivers” to states allowing them to expand Medicaid to include home and community-based services. https://t.co/rN2cVyYH37
Biden’s plan would increase domestic spending by 16% overall, including an 8.2% increase for the VA, bringing its total discretionary spending for 2022 to $113.1 billion. https://t.co/zqQSoCxTQt
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. https://t.co/klxw5ET4NT
Long-term care costs can add up quickly. For veterans and the surviving spouses of veterans who need in-home care or are in a nursing home, help may be available. https://t.co/YB0xGKZXpC
The federal government has expanded access to protections for spouses of reverse mortgage holders who are not named in the loan document, allowing more such spouses the ability to stay in their home if the borrowing spouse dies or moves to a care facility. https://t.co/D8pm0bGmDn
To qualify for Medicaid coverage of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be traps for the unwary. https://t.co/dgT5iQ0QeF
If you are experiencing financial hardship due to the coronavirus pandemic, you may want to consider withdrawing money from your retirement account while you still can. The special exemption allowing early withdrawals without a penalty ends soon. https://t.co/CbfRUng5kY
A controversial policy that reduces the benefits of military spouses is on the way out.
The so-called “widow’s tax” cuts assistance to surviving military spouses who qualify for benefits under two different military benefit programs. https://t.co/8ZfeezR84g
Medicare prescription drug (Part D) plans can have a coverage gap—called the "donut hole"--which limits how much Medicare will pay for your drugs until you pay a certain amount out of pocket. https://t.co/9oOtqR7vIM
President Biden has introduced a plan to spend $400 billion over eight years on home and community-based care for the elderly and people with disabilities. The money would go to expand access to care and support higher-paying caregiving jobs. https://t.co/iAdcrIq6W0
Subscribe to Elder Law Podcasts:(Get notified when new podcasts are available)The latest developments in elder law from leading experts and practitioners on Medicare and dying.
https://t.co/iNa3H9SCa3
If you are experiencing financial hardship due to the coronavirus pandemic, you may want to consider withdrawing money from your retirement account while you still can. The special exemption allowing early withdrawals without a penalty ends soon. https://t.co/CbfRUng5kY
Do you qualify for VA Aid & Attendance Improved Pension? Watch FREE webinar by our founding attorney, J. Anthony Bradley on WWII, Korea, Vietnam Veterans, their Spouses, Surviving Spouses, or Caregivers regarding how to find out if they qualify! https://t.co/WsxvRW7j7b
For better and for worse, Medicaid is the primary method of paying for nursing home care in the United States. But navigating the Medicaid system is complicated and confusing. Here are the basics. https://t.co/ZzjLw5VSzq
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets. Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way to preserve assets for the future. https://t.co/GDjK0phUHh