Tag: Medicare

Ignore Retirement Myths

Written by Kevin Quinn on January 9, 2021. Posted in Estate Planning, Retirement Planning, Travel.

“A comfortable, secure retirement is one of the biggest financial goals you can strive for. Therefore, as...

Health Care Costs, Medicare, Nest Egg, Part A, Part B, Retirement Strategy, Social Security Administration

Caring for a Loved One from a Distance

Written by Kevin Quinn on October 30, 2020. Posted in Uncategorized.

“If you are caregiving from a distance (you live here and your parent or other loved one is in another state, a...

Activities of Daily Living , Care Plan, Estate Plan, Health Care Directive, Health Insurance Portability and Accountability Act, HIPAA, Last Will and Testament, Medicare, Power of Attorney, Social Security

Social Security and Medicare and the Impact on Retiree Taxes

Written by Kevin Quinn on July 31, 2020. Posted in Charitable Giving, Coronavirus, Current Affairs, Giving, Inheritance, IRA, IRA Planning, LCPC, LGBT, Miscellaneous, Required Minimum Distributions (RMD's), Retirement Planning, Secure Act, Social Security, Tax Planning, Trusts, Wills.

“Medicare has a series of income limits that trigger increasingly higher payments for retirees. And it’s not just...

Medicare, Qualified Charitable Distribution, Required Minimum Distributions, RMDs, Roth IRA, Social Security, Tax Brackets, Tax Deferred Accounts

This Social Security Pit Could Be Costly and Stressful

Written by Kevin Quinn on April 28, 2020. Posted in Current Affairs, Elder Law, LCPC, LGBT, Medicaid, Miscellaneous, Social Security, Tax Planning, Trusts, Wills.

“The Social Security hell morphed into Medicare hell and, will, not doubt, morph into federal income tax hell and...

1099s, Benefits, Medicare, Part B Premium, Social Security Application

The High Cost of Medicare Mistakes

Written by Legacy Counsellors P.C. on February 25, 2020. Posted in Current Affairs, Estate Planning, LCPC, Medicaid, Miscellaneous, Tax Planning, Trusts, Wills.

“She recently enrolled in traditional (Parts A, B, and D) Medicare and was hit with huge Part B and Part D monthly...

Estate Planning Lawyer, Health Insurance, Income Related Monthly Adjustment Amount, IRMAA, Large Employer Benefits, MAGI, Medicare, Modified Adjusted Gross Income, Part A, Part B, Tax Planning

What’s the Real Deal with Retirement?

Written by Legacy Counsellors P.C. on December 9, 2019. Posted in Current Affairs, Estate Planning, IRA, IRA Planning, LCPC, Long-Term Care, Medicaid, Miscellaneous, Retirement Planning, Social Security, Tax Planning.

It’s not all bad news, but most Americans are not ready. Many have not been able to save during their working...

401(k), Financial Planning, IRA , Long-Term Care Planning, Medicare, Paying for a Nursing Home, Pension, Retirement Planning

How Does Medicare Advantage Work?

Written by Legacy Counsellors P.C. on November 8, 2019. Posted in Current Affairs, Elder Law, Life Insurance, Long-Term Care, Medicaid, Miscellaneous, Tax Planning, Trusts, Wills.

Medicare can be daunting to many people, and once you’ve made a decision (or a mistake), you have to live with it...

Dental, Drug Coverage, Medicare, Medicare Advantage

Long-Term Care Insurance and Your Retirement

Written by Legacy Counsellors P.C. on November 4, 2019. Posted in Asset Protection, Current Affairs, Elder Law, Estate Planning, Long-Term Care, Medicaid, Miscellaneous, Retirement Planning, Tax Planning, Trusts, Wills.

At some point in your life, it is likely that you’ll need long-term care. It’s something we don’t like to think...

Elder Care, Elder Law Attorney, Long-Term Care Planning, Medicaid, Medicare, Paying for a Nursing Home

Are Long-Term Care Expenses Tax Deductible?

Written by Legacy Counsellors P.C. on October 3, 2019. Posted in Asset Protection, Current Affairs, Elder Law, Estate Planning, Life Insurance, Long-Term Care, Medicaid, Miscellaneous, Retirement Planning, Tax Planning.

Americans who are not prepared for retirement are even less ready for the cost of long-term care. One government...

Elder Care, Elder Law Attorney, Life Insurance, Long-Term Care Planning, Medicare, Nursing Home

How Much Should You Budget for Medicare?

Written by Legacy Counsellors P.C. on October 2, 2019. Posted in Asset Protection, Current Affairs, Elder Law, Estate Planning, Medicaid, Miscellaneous, Retirement Planning, Tax Planning.

You’ve watched every deduction from every pay stub, and wondered, after all those years of payroll deductions, would...

Advantage, Elder Care, Medicare, Medigap, Retirement Planning

A Checklist for Retiring Early

Written by Legacy Counsellors P.C. on August 13, 2019. Posted in Current Affairs, Elder Law, Estate Planning, IRA, IRA Planning, Medicaid, Miscellaneous, Retirement Planning, Social Security.

Retiring early always sounds like a good idea, until something happens and suddenly, you’re back in the workforce...

401(k), Budget, IRA , Medicare, Pension, Retirement Planning, Social Security

Is It Really Possible to Age in Place?

Written by Legacy Counsellors P.C. on August 2, 2019. Posted in Current Affairs, Elder Law, Estate Planning, Medicaid, Miscellaneous.

Nine out of ten older Americans told AARP that they wanted to live in their own homes for as long as possible. Known...

Elder Care, Elder Law Attorney, Estate Planning, Medicaid, Medicare, Universal Design

Boomer’s Retirement May Not be as Much Fun as Their Childhoods

Written by Legacy Counsellors P.C. on May 7, 2019. Posted in Asset Protection, Current Affairs, Estate Planning, IRA Planning, Long-Term Care, Medicaid, Miscellaneous, Retirement Planning, Trusts.

The statistics on baby boomer’s retirement savings are not encouraging. The same generation that was famous for...

Health Care Costs, Long-Term Care Planning, Medicare, Pensions, Retirement Planning, Savings, Social Security

What You Don’t Know About Caregiving Costs Could Cost You Plenty!

Written by Legacy Counsellors P.C. on January 15, 2019. Posted in Elder Law, Long-Term Care.

There are a lot of myths about caregiving costs, and the wrong information can add up fast. Protect yourself and...

Caregiving, Elder Care, Elder Law Attorney, Long-Term Care Planning, Medicaid, Medicare

How Does Medicare Differ from Medicaid?

Written by Legacy Counsellors P.C. on December 19, 2018. Posted in Medicaid.

Millions of Americans have access to healthcare services, because of one of these two programs. Their names are...

Disability, Elder Law Attorney, Medicaid, Medicaid Planning Lawyer, Medicare, Paying for a Nursing Home

Planning for the Inevitable: The Loss of a Spouse

Written by Legacy Counsellors P.C. on October 23, 2018. Posted in Estate Planning.

We read about long-married couples who die in quick succession, but what happens to most couples is that one is left...

Elder Care, Elder Law Attorney, Life Insurance, Medicaid Planning, Medicaid Planning Lawyer, Medicare, Retirement Planning, Social Security, VA Benefits

Planning Ahead for Senior Care When You’re Not A Billionaire

Written by Legacy Counsellors P.C. on October 22, 2018. Posted in Estate Planning, Long-Term Care, Medicaid.

Regular people like to read about celebrities and business leaders who share the same family issues that many of us...

Elder Care, Elder Law Attorney, Long-Term Care Planning, Medicaid Planning, Medicaid Planning Lawyer, Medicare, Paying for a Nursing Home, Social Security, VA Benefits

Understanding Long-Term Care Finances and Planning

Written by Legacy Counsellors P.C. on September 24, 2018. Posted in Medicaid.

Most of us will need some kind of long-term care during our lives. Accepting this as a possibility and planning for...

Elder Care, Elder Law, Long-Term Care Planning, Medicare, Medicare Advantage

How Medical Expenses Impact Retirement

Written by Legacy Counsellors P.C. on September 13, 2018. Posted in Long-Term Care, Retirement Planning.

When planning retirement expenses, couples need to take an honest look at their expected health expenses during...

Elder Care, Elder Law, Life Insurance, Long-Term Care Planning, Medicare, Medicare Advantage, Medigap, Required Minimum Distributions (RMDs), Retirement Planning

How Will Aging Parent’s Needs Impact Your Family?

Written by Legacy Counsellors P.C. on September 11, 2018. Posted in Long-Term Care.

We like to think money doesn’t matter when it comes to the ones we love, but if an elderly parent should need...

Elder Care, Elder Lawyer, Inheritance, Long-Term Care Planning, Medicaid Planning Lawyer, Medicare, Paying for a Nursing Home, VA Benefits

Alternatives to Consider When Hearing Loss Becomes a Problem

Written by Legacy Counsellors P.C. on April 24, 2018. Posted in Current Affairs.

Today’s technology has led to the creation of over-the-counter devices that are more affordable than hearing aids,...

Medicare

How to Select the Correct Medicare Plan

Written by Legacy Counsellors P.C. on February 22, 2018. Posted in Current Affairs, Elder Law.

Medicare is not a “set-it-and-forget-it” insurance. Every year, you’ll want to review the plans and coverage...

Elder Care, Medicare

What is a Medicaid Annuity?

Written by Legacy Counsellors P.C. on January 29, 2018. Posted in Medicaid.

This financial product isn’t without some controversy. However, it may be a smart move, when there are few or...

Annuity, Asset Protection, Elder Care, Elder Law Attorney, Estate Planning, Long-Term Care Planning, Medicaid Planning, Medicaid Planning Lawyer, Medicare, Paying for a Nursing Home, Planning for the Future, Power of Attorney

Avoid These Four Retirement Snafus

Written by Legacy Counsellors P.C. on November 6, 2017. Posted in Retirement Planning.

Miss these four factors and even the best retirement plan will fall apart fast. Spare yourself and your loved ones...

Beneficiary Designations, Estate Planning Lawyer, Healthcare Directive, Living Will, Long Term Care, Medicare, Power of Attorney, Required Minimum Distribution (RMD), Retirement Planning, Roth IRA, Tax Planning, Trusts, Wills

Getting Paid to Take Care of Your Aging Parents

Written by Legacy Counsellors P.C. on October 17, 2017. Posted in Medicaid.

More family members than you’d imagine, do step up to take care of their elderly parents, losing time that would...

Disability, Elder Care, Elder Law, Long-Term Care Planning, Medicaid Planning Lawyer, Medicare, Retirement Planning, VA Benefits

Watch Out for Uncle Sam’s Penalties in Retirement

Written by Legacy Counsellors P.C. on September 25, 2017. Posted in Retirement Planning.

If you thought retirement was all fun and games, think again! Penalties for missing deadlines, failing to take...

401(k), Estate Planning, Estate Tax, IRA , Medicare, Required Minimum Distribution (RMD), Social Security

Another Medicare Increase Likely for Higher Income Retirees in 2018

Written by Legacy Counsellors P.C. on July 10, 2017. Posted in Current Affairs.

High income retirees, get ready to dig deeper into your pockets in 2018 as Medicare income thresholds drop. More...

Charitable Contribution, Medicare, Required Minimum Distribution (RMD), Retirement Planning, Roth IRA

Tax Deferred Accounts Are Great, Until They Aren’t!

Written by Legacy Counsellors P.C. on June 20, 2017. Posted in Retirement Planning.

Here’s an example of how the best made plans can be undermined. Your 401(k), 403(b) or IRA accounts are robust and...

401(k), Asset Protection, Estate Planning, Estate Tax, Gift Tax, Inheritance, IRA , Medicaid, Medicare, Required Minimum Distribution (RMD), Tax Planning

Working Past 65? Here’s What You Need to Know

Written by Legacy Counsellors P.C. on June 5, 2017. Posted in Retirement Planning, Social Security.

Whether you are working because you love what you do or because you need the extra money, there are certain steps to...

Asset Protection, IRA , Medicare, Pension, Required Minimum Distribution (RMD), Retirement Planning

How Costs of Long-Term Health Care Hurt Farm Families

Written by Legacy Counsellors P.C. on April 5, 2017. Posted in Medicaid.

Failing to plan for the costs of long-term health care is a major issue for farm families hoping to pass their...

Elder Care, Elder Law Attorney, Long-Term Care Planning, Medicaid Nursing Home Planning, Medicare, Paying for a Nursing Home

The Unexpected and Often, Unplanned Cost of Retirement Healthcare

Written by Legacy Counsellors P.C. on March 13, 2017. Posted in Medicaid, Retirement Planning.

There’s no way to know if the years will be kind to you and your spouse. Taking good care of your health now, while...

Asset Protection, Estate Planning Lawyer, Health Savings Account (HSA), Healthcare Directive, Healthcare Flexible Spending Account (FSA), Inheritance, Long-Term Care Insurance, Long-Term Care Planning, Medicare, Medigap, Retirement Planning, Wills

A Few More Things for Your “Honey Do” List: Retirement and Estate Planning

Written by Legacy Counsellors P.C. on January 17, 2017. Posted in Retirement Planning.

Most of us rely on lists to keep track of holiday festivities, so if you’ve already got a big “to-do” list, consider...

401(k), Asset Protection, Estate Planning Lawyer, Healthcare Directive, IRA , Living Will, Long-Term Care Planning, Medicare, Power of Attorney, Required Minimum Distribution (RMD), Retirement Planning, Tax Planning

Boomer Tsunami is Coming: Start Preparations Now

Written by Legacy Counsellors P.C. on December 5, 2016. Posted in Medicaid.

Boomers and professionals both need to prepare for the massive changes that are coming in the next twenty years as...

Asset Protection, Elder Care, Elder Law, Estate Planning Lawyer, Long-Term Care Planning, Medicaid, Medicare, Paying for a Nursing Home, Planning for the Future

Medicare Coverage Basics

Written by Legacy Counsellors P.C. on November 3, 2016. Posted in Elder Law.

Understanding what Medicare is and what it does and doesn’t cover is important in making decisions. Becoming...

Elder Care, Elder Law, Medicare

How to Pay for Long-Term Care

Written by Legacy Counsellors P.C. on November 2, 2016. Posted in Medicaid.

At some point in many senior’s lives, they will need long term care, whether that’s at home or in a nursing...

Asset Protection, Elder Law, Long-Term Care Insurance, Long-Term Care Planning, Medicaid Nursing Home Planning, Medicaid Planning Lawyer, Medicaid Trust Planning, Medicare, Tax Planning

Elder Law Attorneys Focus on Education During National Special Needs Law Month

Written by Legacy Counsellors P.C. on October 27, 2016. Posted in Special Needs Planning.

NAELA member attorneys across the country offer seminars, law clinics and programs to help the public understand how...

Conservatorship, Disability, Guardianship, Medicare, Powers of Attorney, Social Security Income, Special Needs Trust

Critical Planning Points for an Overseas Move

Written by Legacy Counsellors P.C. on October 26, 2016. Posted in Estate Planning.

Whether you are headed to a new job, adventure or retirement, moving overseas requires more than the typical...

Estate Planning, Medicaid, Medicare, Moving Overseas, Retirement Planning, Tax Planning, VA Benefits

Yes, You Really Do Need a Will, Even if You Aren’t a Celebrity

Written by Legacy Counsellors P.C. on September 29, 2016. Posted in Wills.

By now we can all recite the names of celebrities who died without wills, and we’ve all heard the stories about...

Asset Protection, Estate Planning Lawyer, Estate Tax, Guardianship, Inheritance, Medicaid, Medicare, Trusts, Wills

Expect the Unexpected in Retirement and You’ll Really be Prepared

Written by Legacy Counsellors P.C. on September 27, 2016. Posted in Uncategorized.

It’s frustrating to consider: after years of diligent saving and planning, a bump in the road comes along in your...

Asset Protection, Estate Planning Lawyer, Long-Term Care Planning, Medicare, Retirement Planning

Shop Smart for Medicare Supplement Insurance

Written by Legacy Counsellors P.C. on September 9, 2016. Posted in Medicaid.

If you are healthy and younger than 70, you have a better chance of qualifying for a less expensive Medigap plan....

Medicare, Medigap, Supplement Insurance

The Impact of Dementia on Retirement Planning

Written by Legacy Counsellors P.C. on August 5, 2016. Posted in Estate Planning.

The cost of caring for a cancer or heart disease patient is minimal compared to the cost of Alzheimer’s disease or...

End of Life Care, Estate Planning Lawyer, Medicaid, Medicare, Retirement Planning

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Tag: Medicare

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