Q. I hear that Medicare is proposing a new payment arrangement for doctors that may dramatically impact access to care by seniors and other beneficiaries. Do you know anything about that? A. You heard correctly. Medicare is proposing a new flat rate reimbursement system for doctors who treat Medicare patients. Some worry that the plan… Read More »
Posts Categorized: Uncategorized
How to Reduce Medicare Surcharges When Your Income Changes
Q. My wife and I are being charged extra for Medicare Part B and prescription drug coverage premiums, apparently based upon our higher income in years past. Beginning last year, our income dropped significantly. Is there way to get the surcharges removed? A. Yes, if you can link the reduction in income to a “life… Read More »
Debt Relief For Low Income Seniors
Q. My wife and I have about $10,000 in credit card debt that we struggle to pay each month. Our incomes are very modest and all from Social Security and my work Pension. Is there any way that we can legally avoid paying this debt without dire consequences? A. Very likely, yes. Generally speaking, income… Read More »
Property Tax Loan Program Helps Seniors and Disabled Remain In Their Homes
Q. Our property taxes are due soon and we worry that we may not be able to pay them, as my wife and I had large care expenses this year. Are there any programs that we might turn to for help? A. Yes. California lawmakers have reinstated a program called the “Senior Citizens and Disabled Citizens… Read More »
A Primer on Adding Children to Bank Accounts
Q. My wife and I are thinking of adding our son and daughter to our bank accounts. What is the best way to do this and how should we title the accounts? A. Good question. The manner in which you add your children to your accounts will affect their rights of ownership, access to the… Read More »
Unique Long-Term Care Policy Offers Asset Protection
Q. While shopping for long-term care insurance, I heard something about a special kind of policy that offers asset protection by coordinating with Medi-Cal. Do you know anything about that? A. Yes, you refer to the California Long-Term Care Partnership Plan. California was one of the first states in the country to put together a… Read More »
Happy 800th Birthday, Magna Carta!
Q. I have been hearing snippets of news lately about the Magna Carta. What is it and why is it important? A. The Magna Carta of 1215 is considered by some to be the most important legal document created in Western Civilization during the last millennium. Historically, it was a peace treaty between King John… Read More »
Is a Power Of Attorney Still Valid After The Principal Dies ?
Q. My mother named me as her agent under a power of attorney several years ago. Sadly, she recently passed. Can I still use it to take care of her financial matters as her agent? A. Unfortunately, no. Your mother’s financial power of attorney expired upon her death and is no longer valid. This fact… Read More »
Thinking Of Disinheriting A Child? Some Do’s and Don’ts
Q. Regretfully, our son has been a ne’er-do-well for some time. He has been only sporadically employed and would likely squander any inheritance on drugs. My wife and I are thinking of taking him out of our will and leaving everything to our other two children. Any thoughts about how we should go about doing… Read More »
Guidelines When You’re Appointed to Handle Another Person’s Money
Q. My brother-in-law wants to appoint me as his agent under his Power Of Attorney to handle his money and other affairs in the event of his incapacity. If I accept the appointment, are there any rules that I should observe? A. Yes, and while it may be an honor to be asked to serve,… Read More »