For Connecticut residents navigating nursing home care options, understanding what Medicare and Medicaid cover in 2025 is essential. Here’s a concise breakdown of what’s available and how the system works. Medicare Coverage for Skilled Nursing Facility (SNF) Care Medicare Part A provides coverage for short-term skilled nursing facility (SNF) care, but only under specific conditions.…
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…
Part of my estate planning practice includes asset protection planning, especially for Medicaid. Many of my clients are interested in protecting their assets for their children. They know, either through personal experience or their own research, that the cost of long-term care could deplete their estates. The average cost of a nursing home in Connecticut…
A caregiver agreement is a legal document that outlines the terms of care between a caregiver and the care recipient. Are you a caregiver or care recipient? A caregiver agreement can help protect both parties and ensure clear expectations. Learn why it’s important and how to create one. Most adult children feel the need and…
President Biden has introduced a plan to spend $400 billion over eight years on home health care and community-based care for elders and people with disabilities. The money would go to expand access to care and support higher-paying caregiving jobs. As the elder population grows, our long-term care system is becoming increasingly strained. The AARP found…
Difference Between a Revocable Trust and an Irrevocable Trust There are two types of trusts – As clearly expressed in the title of this article. One is called a Revocable Trust, and the other – is an Irrevocable Trust. So far so good. To easily tell them apart, there is one major difference between the…
