Since 1963’s Presidential Proclamation, the month of May has been recognized as the month we show support for older Americans. The National Academy of Elder Law Attorneys (NAELA) has embraced this proclamation and designated May as the National Elder Law Month…
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on March 1st to discuss "Medicaid Home Care: Protecting Your Income” Colleen: Today, we will be addressing Part Two in our Series…
There are some common misconceptions about long term care and how long term care services are provided to those in need. What is long term care? Long term care is medical and non-medical care that you may need if you…
MEDICAID 2022 UPDATE COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY. 2022 ASSET AND INCOME ALLOWANCES One Person Two Person Income Level *including $20 unearned income disregard $954 $1,387 Medicaid Resource Level $16,800 $24,600 2022 Medicaid Transfer…
MEDICARE 2022 FIGURES MEDICARE PART A: HOSPITAL SERVICES Inpatient hospital deductible $1,556/illness Daily co-insurance $0/day 1-60 $389/day 61-90 $778/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 - 20 $194.50/day 21 - 100 Part A Premiums For those…
2022 PENSION BENEFIT FIGURES WARTIME VETERAN REVISED DECEMBER 1, 2021 TYPE OF BENEFIT Maximum Annual Pension Rate (Income Limit) Monthly Maximum Annual Pension Rate (Income Limit) Service Pension $14,753 $1,229 One dependent $19,320 $1,610 Housebound $18,029 $1,502 One dependent…
Social Security 2022 Update SOCIAL SECURITY 2022 UPDATE SSI FOR NYS RESIDENTS Individual $928/month Couple $1,365/month MAXIMUM TAXABLE EARNINGS Social Security (OASDI only)$147,000 QUARTER OF COVERAGE Earnings Required$1,510/quarter SOCIAL SECURITY DISABILITY THRESHOLD Substantial Gainful Activity (SGA) Non-Blind $1,350 Blind…
Change is coming…Now what? Durable Power-of-Attorney (DPOA) laws are changing effective June 13, 2021, but what do those changes mean for you? Just as a refresher, a DPOA will enable the attorney-in-fact to make financial decisions on your behalf if…
Unfortunately, heirs may not always be content with the assets or amount of money left to them in a Will or Trust. Once the Testator or Grantor passes away, there is not much they can do to prevent their heirs…
We have all heard those stories where we stop and say, wait, but he was a runner and took great care of himself. He was only 52. She was only 55. If there is one thing that we have learned…