Many considerations must be addressed in an estate plan, not just who gets whatever’s left after your death. Long-Term Care expenses are an ever-increasing concern. Your estate plan should consider how those expenses would get paid. This article looks at several ways to plan for those expenses. 6 Important Estate Planning Considerations – Part 2: Long-Term Care … [Read more...] about 6 Important Estate Planning Considerations – Part 2: Long-Term Care
Retirement takes planning. This article includes milestone ages, such as when you must begin taking distributions from retirement plans. The article also includes links to resources which will be helpful in your retirement planning process. Age-Related Retirement Milestones … [Read more...] about Age-Related Retirement Milestones
One misconception many people have is the idea that, if they need to go into a nursing home, Medicare will cover those expenses. This is only partially true. Medicare provides some coverage for nursing home care, but that coverage is very limited. If you have Medicare Part A coverage, you’ll be entitled to in-patient skilled nursing care, but only if you’ve been hospitalized for at least three … [Read more...] about Does Medicare Pay Nursing Home Expenses?
Did you know that, if you meet the Medicare age requirements and your income and assets are low enough to qualify you for Medicaid, you can receive benefits from both programs at the same time? If you need long-term care, such as a nursing home or an assisted living facility, this could be especially helpful. Why? Although Medicare offers coverage for certain medical costs, it offers only very … [Read more...] about Can You Qualify for Both Medicaid and Medicare?