Apr 11, 2022
This afternoon, we issued our April 2022 e-newsletter from R. F. Meyer & Associates. If you did not receive it by email, you can open it in full PDF form at the link below. Articles in the April 2022 edition cover: Sweeping nursing home reforms in the works...
Mar 7, 2022
When one spouse is in a nursing home and applying for Medicaid, planning has to take into account the possibility that the spouse who is not in the nursing home (called the “community spouse”) may pass away first. This is because the community...
Dec 27, 2021
The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the deductibility figures are almost the same as in 2021. Many types of medical expenses are...
Dec 20, 2021
When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level care typically provided in a nursing home. Whether you are applying for nursing home coverage or through a Medicaid...
Nov 22, 2021
While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets. Three so-called “half a loaf” approaches allow a Medicaid...
Nov 15, 2021
The year was 1983: The U.S. invaded Granada. A gallon of gas cost 96 cents. Michael Jackson’s ‘Thriller’ video premiered. That year was also the last time that Social Security recipients saw a cost-of-living increase steeper than the one just announced for 2022. This...
