Long-term care costs in our area are very high. And, in some respects has increased dramatically in 2020. The rise in the cost of care was due in part to increased costs caused by the COVID-19 pandemic. For example, in…
What is “Elder law”? According to Wikipedia, it is “an area of legal practice that specializes on issues that affect the aging population”. It goes on further to identify three major categories that make up elder law: Estate planning and…
MEDICAID 2021 UPDATE COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY. 2021 ASSET AND INCOME ALLOWANCES One Person Two Person Income Level *including $20 unearned income disregard $904 $1,320 Medicaid Resource Level $15,900 $23,400 2021…
2021 PENSION BENEFIT FIGURES WARTIME VETERAN REVISED DECEMBER 15, 2020 TYPE OF BENEFIT Maximum Annual Pension Rate (Income Limit) Monthly Maximum Annual Pension Rate (Income Limit) Service Pension $13,931 $1,161 One dependent $18,243 $1,520 Housebound $17,024 $1,419 One dependent…
MEDICARE 2021 FIGURES MEDICARE PART A: HOSPITAL SERVICES Inpatient hospital deductible $1,484/illness Daily co-insurance $0/day 1-60 $371/day 61-90 $742/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 - 20 $185.50/day 21 - 100 Part A Premiums For…
SOCIAL SECURITY 2021 UPDATE SSI FOR NYS RESIDENTS Individual $881/month Couple $1,295/month MAXIMUM TAXABLE EARNINGS Social Security (OASDI only) $142,800 QUARTER OF COVERAGE Earnings Required $1,470/quarter SOCIAL SECURITY DISABILITY THRESHOLD Substantial Gainful Activity (SGA) Non-Blind $1,310 Blind $2,190…
It is so very important to understand the benefits that you are receiving prior to actually collecting the funds that you may be entitled to from a settlement. Benefits The following is a sample of some of the benefits that…
What if I need long term care? What if I need an aide to assist me in my home? What if I need care in a nursing home one day? Perhaps you have thought about this at length, maybe it…
As an Elder Law Attorney for nearly 20 years, I am often asked the question “How do I qualify for Medicaid?” While this seems like a very simple question, there is no simple answer. There are multiple types of Medicaid…
Since this is National Estate Planning Awareness Week, there is no better time, than to share with you, why having your Estate Plan in place is critical. Estate planning is important because it allows you to implement a plan to…