Medicare’s 2007 handbook "Medicare and You 2007" was recently mailed to all Medicare beneficiaries. The guide is intended to be a resource for beneficiaries, providing impartial information enabling subscribers to evaluate and compare health care plans. In a letter to Michael Leavitt, Secretary of Health
On September 29th, Medicare officials indicated they expected no increase in average monthly drug plan premiums for 2007. However, Rep. Harry Waxman (D-CA) calculated the average for all types of plans will escalate to $29.02 in 2007, up from $25.69 in 2006. Rep. Waxman’s figures
While campaigning during the recent mid-term elections, many Democrats vowed to address issues with Medicare’s Part D drug program. Although Democrats argue many components of the plan need to be overhauled, the initial focus of reform seems to be centered around allowing the government to
Coordinating Medicare and Employment Coverage Many people continue working past age 65. According to the U.S. Census Bureau, in 2002 18 percent of men and 10 percent of women over age 65 were still in the civilian labor force. Often, these jobs provide health coverage.
The new enrollment period for Medicare’s prescription drug plan has opened the door for scam artists. In the latest swindle, the con calls a senior and claims to be with Medicare and informs the senior, he/she must provide bank account information in order for a
January 1, 2007 through March 31, 2007 is the open enrollment for Medicare Advantage plans. These new private-sector plans were created along with the Medicare prescription drug program by the 2005 Medicare Modernization Act. During open enrollment seniors already on an Advantage plan can switch
The last article addressed the significant need for clients to plan for the possibility of disability, and how proper disability planning more often than not involves the coordination of financial and legal solutions. This issued addresses a related and often misunderstood topic, Medicaid planning. What
If you believe Medicaid will cover your long-term care needs, you may be interested to learn how Medicaid was impacted by passage of the Deficit Reduction Act (DRA), signed by President Bush in February of this year. While the basic income ($1,809 per month for
For most people, receiving an inheritance is something good, but for a nursing home resident on Medicaid, an inheritance may not be such welcome news. Medicaid has strict income and resource limits, so an inheritance can make a Medicaid recipient ineligible for Medicaid. Careful planning
The Deficit Reduction Act of 2005 (DRA) places new restrictions on the ability of the elderly to transfer assets before qualifying for Medicaid coverage of nursing home care. This means it could be more difficult to qualify for Medicaid benefits. The law extends Medicaid’s "lookback"
Medicare’s 2007 handbook "Medicare and You 2007" was recently mailed to all Medicare beneficiaries. The guide is intended to be a resource for beneficiaries, providing impartial information enabling subscribers to evaluate and compare health care plans. In a letter to Michael Leavitt, Secretary of Health
On September 29th, Medicare officials indicated they expected no increase in average monthly drug plan premiums for 2007. However, Rep. Harry Waxman (D-CA) calculated the average for all types of plans will escalate to $29.02 in 2007, up from $25.69 in 2006. Rep. Waxman’s figures
While campaigning during the recent mid-term elections, many Democrats vowed to address issues with Medicare’s Part D drug program. Although Democrats argue many components of the plan need to be overhauled, the initial focus of reform seems to be centered around allowing the government to
Coordinating Medicare and Employment Coverage Many people continue working past age 65. According to the U.S. Census Bureau, in 2002 18 percent of men and 10 percent of women over age 65 were still in the civilian labor force. Often, these jobs provide health coverage.
The new enrollment period for Medicare’s prescription drug plan has opened the door for scam artists. In the latest swindle, the con calls a senior and claims to be with Medicare and informs the senior, he/she must provide bank account information in order for a
January 1, 2007 through March 31, 2007 is the open enrollment for Medicare Advantage plans. These new private-sector plans were created along with the Medicare prescription drug program by the 2005 Medicare Modernization Act. During open enrollment seniors already on an Advantage plan can switch
The last article addressed the significant need for clients to plan for the possibility of disability, and how proper disability planning more often than not involves the coordination of financial and legal solutions. This issued addresses a related and often misunderstood topic, Medicaid planning. What
If you believe Medicaid will cover your long-term care needs, you may be interested to learn how Medicaid was impacted by passage of the Deficit Reduction Act (DRA), signed by President Bush in February of this year. While the basic income ($1,809 per month for
For most people, receiving an inheritance is something good, but for a nursing home resident on Medicaid, an inheritance may not be such welcome news. Medicaid has strict income and resource limits, so an inheritance can make a Medicaid recipient ineligible for Medicaid. Careful planning
The Deficit Reduction Act of 2005 (DRA) places new restrictions on the ability of the elderly to transfer assets before qualifying for Medicaid coverage of nursing home care. This means it could be more difficult to qualify for Medicaid benefits. The law extends Medicaid’s "lookback"
