Dear Clients and referral partners,
This morning, we released our November 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.
On the good news/bad news front: Social Security recipients will get a healthy increase in monthly payments in January, but that’s because the cost of living is up, due to inflation related to the ongoing coronavirus pandemic.
Social Security benefits will rise 5.9 percent in January, with the average monthly individual benefit of $1,565 in 2021 increasing $92 a month, to $1,657 a month.
An article detailing that welcome Social Security increase, but the unwelcome cause for it, is the topic of our lead story in this month’s newsletter.
Other informative articles in the November 2021 newsletter cover:
- Some ‘half-loaf’ strategies available to get Medicaid funding for nursing home care, while still passing on some assets to your children, if you’ve not preplanned other strategies.
- The agency vs. individual options for hiring a home health care aide for a loved one, and the benefits and downsides of each option.
- And back to those nursing homes: If the time does come when a nursing home is the proper choice for your loved one, important new information has been added to Medicare’s Nursing Home Compare tool: Those assessing their options can now see the COVID vaccination rates, for both residents and staff, at each nursing home in their area.
We hope you find this month’s articles interesting and worthwhile. As always, we seek to share updates that will be of value to our Elder Law clients.
As Thanksgiving approaches on the calendar, we wish health and prosperity to you and your families. Have a great rest of November and we will be back with another newsletter in December.
Sincerely,
Richard F. Meyer, Esq.
Link to full November 2021 newsletter PDF