Every three months, those with original Medicare receive a claims statement called a Medicare Summary Notice.
As Medicare.gov explains, this notification describes all the services or supplies that providers or suppliers attributed to Medicare during the preceding three months. The document shows how much of each payment Medicare...
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 to understand what the step-up in basis is...
A power of attorney (POA) is a legal agreement that gives a person (agent) the ability to act on behalf of another person (principal). A common question asked about POAs is under what circumstances a person can override them.
POAs can be overridden. However, the “who” and “how”...
If you are enrolled in a Medicare Advantage plan but would like to make a change, you can likely take advantage of the Medicare Advantage Open Enrollment Period.
This Open Enrollment Period occurs each year between January 1 and March 31.
What Is Medicare vs. Medicare Advantage?The person you name as your executor will be accountable for a number of important tasks, even in managing the administration of a small estate. This may include filing tax returns, keeping meticulous records, and distributing assets to your beneficiaries.
At the same time, there are rules about what...
While a guardian can support the protected person by making important decisions, in some cases, an individual may wish to change or dissolve the arrangement.
The ward, their family, or other involved people might feel that the guardian is not doing a good job. They may then petition the...
Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your 2023 income.
If your total eligible medical expenses (including...
A power of attorney is a powerful planning document that enables you (the principal) to give another person (the agent or attorney-in-fact) the power to act for you while you are alive.
Because it is often prepared in the context of estate planning, many believe it gives their...
The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will benefit older adults on a number of fronts.
The bill, which runs more than 4,000 pages and includes a wide variety of legislation, heads to President Biden next for his signoff.
It has been a tumultuous few years. Amid a continuing pandemic, tense midterm elections, and a war in Ukraine, we have grappled with more than our fair share of grim news.
However, with the new year upon us, there are some silver linings — in particular for seniors.
