If you are age 65 or older and living in the United States, you are part of a large and growing population segment. According to the 2020 Census, one in six Americans are over 65. In fact, the number of Americans over 65 grew nearly five times faster than the total...
Understanding the nation’s latest data on older adults can aid policymakers and advocates for those 65 and older in responding more effectively to this population’s unique needs, while also helping seniors and their families plan for the future. Each year, the...
Source: ElderLawAnswers.com, The Academy of Special Needs Planners Attendees of the April 2024 National Conference of the Academy of Special Needs Planners (ASNP), held in Austin, Texas, heard from experts in the special needs planning field on such diverse topics as...
Question: If children buy their parents out of a reverse mortgage, is that a transfer of an asset for less than fair market value, which would negatively affect Medicaid eligibility? In this instance the house could potentially sell for $600,000 to $700,000 on...
Neurodiversity is a concept and movement that recognizes and respects variations in human brain function and behavior as part of normal diversity. It emphasizes that neurological differences, such as those seen in conditions like autism, ADHD, dyslexia, and other...
For most people, receiving an inheritance is something to celebrate. However, for a nursing home resident on Medicaid, an inheritance may not be such welcome news. What Is Medicaid? Medicaid is a public assistance health insurance program for people who have limited...
Social Security was enacted in 1935 to provide some relief to America’s destitute older citizens during the economic cataclysm known as the Great Depression. A direct descendant of that more limited effort, today’s Social Security retirement program is in...
Question: I’m on Medicaid and SSI. I’ll be receiving a financial inheritance within the next year or less. Can I deposit my own inheritance in a Third-Party Special Needs Trust and spend it on myself? I really need to be able to keep my Medicaid and spend...
Do you have a family member who is receiving some form of long-term care? If you don’t, the chances are good that someday you will – and that day may not be too far away. As the U.S. population ages and life expectancies increase, the need for long-term care is...
You may have seen the Medicare tax listed on your paycheck stubs or on your income tax return filings and wondered what it is. To learn more about what it is and what it pays for, continue reading. What is Medicare Tax? Medicare is a federal public benefits program...
Recent Comments