Dear Clients and referral partners,
A little earlier this morning, we released our October 2021 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.
The newsletter this month features topics of interest to many of our Elder Law clients. The articles cover:
- The annual Medicare Open Enrollment Period is here: From Oct. 15 to Dec. 7, all Medicare recipients have the chance to make coverage changes, if they want. Read about the studies that show, even if you are happy with your plan, you should review your choices to possibly save money and/or find coverage better suited to your individual circumstances.
- Ever hear of the MMMNA? It’s the “minimum monthly maintenance needs allowance,” and it’s the dollar amount a healthy spouse can keep of a couple’s income, when the other spouse applies for Medicaid to cover nursing home care. Read about how it is calculated.
- Trustees of the Social Security Administration now predict the Social Security trust fund will fall short of meeting its obligations in 2033 — one year earlier than the previous estimates. But it’s not a priority Congress right now. Read about some steps that could extend the fund’s solvency if Congress takes up the issue, or what would happen if nothing is done before the fund begins to run short.
- A new website that can help older adults (or their caregivers) assess their risk of being exploited, based on how they answer an online survey. This might want to be a tool you want to use, to guard against becoming victim to financial elder abuse – which is estimated to steal billions annually.
I hope you enjoy this edition of the newsletter. Should you have questions about these issues or any Elder Law, Estate Planning or Probate matter, please contact the law offices of R. F. Meyer & Associates for legal help.
Reach our Worthington office at 614-407-7900, by sending an email to Info@ElderLaw.US, or by simply completing the Contact form on our website at ElderLaw.US/Contact. Enjoy your October and we will be back with another newsletter next month.
Richard F. Meyer, Esq.