Dear Clients and referral partners,
This morning, we released our December 2021 Client E-newsletter from R. F. Meyer & Associates. If you did not receive a copy by email, find a link below to the full newsletter in PDF form.
With the sands of the hourglass of 2021 nearly gone, the December 2021 newsletter covers four topics of interest to many of our Elder Law clients as we look toward the new year ahead: Medicare, Medicaid, long-term care insurance and Social Security news:
- Medicare premiums will rise sharply in January. The basic monthly premium increase, to $170.10 from $148.50, will eat into the sizable increase in Social Security payments on deck for the many Medicare patients who are collecting Social Security.
- Ever wonder what it takes to be approved for Medicaid’s long-term care coverage – whether in a nursing home or in your own home? We review what the state screens for when it determines whether you qualify.
- The IRS has issued deductibility limits for how much premiums for long-term care insurance can be written off as a medical expense in 2022. And they should look familiar: Other than a $10 change in one age bracket, they are the same as the limits in 2021.
- A new class-action lawsuit against the Social Security Administrations alleges that the closing of Social Security field offices during the Covid-19 pandemic was responsible for nearly 300,000 elderly and disabled Americans losing benefits.
I hope you find the information in the December 2021 newsletter worthwhile and interesting.
Moreover, with the close of 2021 upon us, our entire staff at R. F. Meyer & Associates wishes you a happy holiday season, and a healthy and prosperous New Year of 2022.
Here’s to a great finish to this year and a wonderful beginning to the new year ahead!
Richard F. Meyer, Esq.