I’m 65 and Still Working – Should I Enroll in Medicare? (Part 1)
Much has been written about the oldest baby boomers starting to turn 65 next month and what it might mean for the future of long term care in this country. But, from a practical standpoint there are decisions that each new senior must make that so many are unaware of.
When is it Too Late to Plan?
Last month we lost one of our clients to an unfortunate accident. John was suffering from the early stages of Alzheimer’s Disease and living at home with his wife, Mary (not their real names). Mary was 20 years younger than John and still working to support the couple. We had
MetLife Dropping Long Term Care Insurance – What Does it Mean for You and Me?
I have been saying it for years now. Long term care is a growing problem in this country, one that won’t go away. Not with the population continuing to age as 77 million baby boomers start to turn 65 in a little more than a month. The sheer number of
Can I Make Gifts this Holiday Season? (Part 2)
Last week we were talking about gift giving. Most people assume an elderly family member can make gifts without any tax consequences as long as it doesn’t exceed $13,000 per person per year. That’s true. However, it may very well cause a problem if you run out of money and
Can I Give Gifts This Holiday Season (Part 1)?
As the holiday season is upon us again, so is the season of gift giving, whether it be Christmas, Hanukah, Kwanzaa or any other life event, for that matter, that we typically associate with gift giving. Many of our elderly clients ask us the following common question, “Can I make
One of the Clearest Warning Signs of Dementia
More often than not, the first call we receive about a prospective client who is facing long term care concerns comes from a child or other family member, rather than the senior client. And so often the caller expresses surprise at recently discovering that Mom or Dad is slipping.
Mary and Bob – Almost Divorce and Then Tragedy Strikes (Part 2)
Last week we were discussing Mary and Bob, in the process of getting divorced and then Bob was seriously injured in a car accident. He survived but now faces a long recovery road ahead, one which will result in his need for long term care. Mary, since she is still
Mary and Bob – Almost Divorced But Then Tragedy Strikes
Mary and Bob were married 40 years and raised a son together. Over the years, however, they grew apart and when their son entered the military and his career took him overseas they realized that there was no reason for them to stay together. They agreed that a divorce and
Obamacare – What Seniors Need to Know (Part 2)
So, last week we were discussing the highlights of President Obama’s health care plan that most affect seniors. The closing of the infamous prescription drug donut hole is one. But there are others. Beginning in 2011 Medicare Advantage plans will have to reduce members’ out of pocket expenses for some more
Obamacare – What Seniors Need to Know
Recent studies have shown that most Americans, while fearful of President Obama’s new health insurance plan, (something which many opposed to the plan have been quick to capitalize on) don’t really know what’s in it. This is partly due to the President’s failure to educate the general public about it.