When a married couple applies for Medicaid, the Medicaid agency must analyze the couple’s income and assets as of a particular date to determine eligibility. The date that the agency chooses for this analysis is called the “snapshot” date and it can have a major impact on a couple’s financial future. Medicaid Eligibility for Couples…
To leave a nursing home and return home is a goal for many residents and their families, but it requires careful consideration. While returning home is a good move for some, it won’t work for everyone. A nursing home stay does not have to be permanent. Many residents enter a facility temporarily to recover from…
The Biden administration has announced far-reaching nursing home reforms, targeting staffing and accountability at facilities with deficient care. Advocates are calling the proposals, which include the first-ever federal minimum staffing levels, the most significant reforms in decades. Why Is Nursing Home Reform Necessary? Nursing homes have been plagued by chronic understaffing and high turnover rates…
Working elders without dependents may qualify for the earned income tax credit when they file their 2021 tax returns. The tax credit assists those with low incomes but was previously primarily available to people with young children. How Will The Earned Income Tax Credit Benefit Elders? If you file taxes and your earned income is…
Americans’ ability to quickly and easily test for Covid-19 is one of the most important tools for stopping the infection’s spread, unfortunately, Medicare is still behind the ball. This is why the Biden administration recently announced it is requiring private insurers to cover the cost of up to eight rapid at-home Covid tests a month…
Definition of Conservator – A guardian or a protector nominated by the probate court to manage the financial affairs and/or personal affairs and daily life of the conserved person due to physical or mental limitations. Who Can Be a Conservator? It may be a single individual, a state official, a non-profit organization, a business, or…
