Beware Medicare’s Penalties for Late Enrollment
For this reason, Medicare imposes fairly fairly significant late-enrollment penalties for those who postpone signing up. To encourage everyone to sign up when they first become eligible, the program increases premiums based on how long a beneficiary waits to enroll.
What Is Cost Basis and How Do You Prove It?
Knowing the “cost basis” of your property is important for tax purposes, but proving cost basis can be difficult.
Social Security Benefits to Remain Flat in 2016, While Millions Could Get Stuck With Huge Medicare Increases
For only the third time in 40 years, the nation’s elderly and disabled Social Security recipients will not receive an increase in benefit payments next year. However, as a direct result of this, about 30 percent of Medicare are facing a staggering 52 percent increase in premiums.
Medicare Open Enrollment Means It’s Time to Shop Around
Are you happy with your Medicare coverage? It is time to review whether your plan or plans are working for you.
Do Frequent Flier Miles Expire When You Do?
Accumulated frequent flier miles can be valuable assets, but what happens to those miles after somene dies? Can a spouse or other heirs inherit them, or do the miles simply evaporate like a contrail?
Court Approves Use of Short-Term Annuities for Medicaid Planning
A federal appeals court has ruled that Medicaid officials must accept applicants’ short-term annuities, providing more certainty for Medicaid applicants’ use of this important planning tool.
Incentives to Keep Working While You Collect Social Security
If you are able to continue working while receiving Social Security benefits, you can increase your overall benefit. In addition, although your benefits may be reduced due to your work, you can recoup those lost benefits.
Woman’s Efforts to Change Will Without Professional Assistance Backfire
A recent court decision in Minnesota serves as a cautionary reminder to anyone thinking of changing their estate plan on their own.
Incentive Trusts: Ensuring That an Inheritance Will Be Well Spent
Some parents, fearful of how a large inheritance will affect their heirs, set up what are known as “incentive trusts” that ensure that the trust funds support positive behavior and discourage unproductive activities.
Georgia ElderLawAnswers Member Attorney Wins Fiction Writing Contest
ElderLawAnswers member attorney Kimberly Harris has won the State Bar of Georgia’s annual fiction writing contest.
