Medicare’s Open Enrollment Season Has Begun
It is that time of year again — time to reassess whether your Medicare plan is working for you. Medicare’s open enrollment period began November 15 and continues until midnight December 31. During this period, you may enroll in or change Medicare Part D (prescription drug) and Medicare Advantage (managed care) plans.
The Effects of Health Care Reform on Long-Term Care
Most of the discussion about health reform has centered around issues like the “public option” and abortion restrictions, but buried in both the House and Senate reform bills are important provisions that would make long-term care more affordable, help the elderly and disabled remain at home rather than move to a nursing home, and make nursing homes safer for those who need them.
End-of-Year Tax Planning Considerations
As the New Year approaches, taxpayers around the nation are thinking about making gifts or other financial moves before January 1 that will benefit them come April 15, 2010. Here are some year-end considerations of particular interest to seniors.
No Change in Medicaid Spousal Impoverishment Standards for 2010
For the first time since 1989, when a law was enacted protecting the spouses of institutionalized Medicaid recipients from impoverishment, the federal government is not raising its guidelines for how much money the husbands or wives of institutionalized Medicaid recipients may keep.
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