Do you have the right Medicare plan? It is fall, which means it is time to think about whether your current plan is still giving you the best coverage or whether a new plan could save you money or offer better coverage. Medicare’s Open Enrollment Period, during which you can freely enroll in or switch … Continue reading
Tag: AssetProtection
Contact our Colorado estate planning attorneys to discuss potential options for protecting your assets after death. Call us today for a consultation.
What Are the Benefits of a Pour-Over Will in Colorado?
It is easy to become overwhelmed with the sheer number of options when you begin the estate-planning process. If you have very straight-forward wishes for your future estate, choosing a simple will can suffice, but it’s important to know there are alternatives. One other option is to choose a pour-over will. If you choose a … Continue reading
Fear of Losing Home to Medicaid Contributed to Elder Abuse Case
A California daughter and granddaughter’s fear of losing their home to Medicaid may have contributed to a severe case of elder abuse. If the pair had consulted with an elder law attorney, they might have figured out a way to get their mother the care she needed and also protect their house. Amanda Havens was … Continue reading
New Law Expands Benefits for Chronically Ill Medicare Advantage Beneficiaries
Congress expanded benefits for Medicare recipients with chronic conditions in its latest budget bill. The law gives some Medicare plans the option of covering certain non-medical benefits and also increases telehealth services. Passed with bipartisan support as part of the budget bill approved in early 2018, the Creating High-Quality Results and Outcomes Necessary to Improve … Continue reading
Where’s My New Medicare Card? How to Find Out the Status
The federal government has begun mailing new Medicare cards to 59 million Americans. You should keep track of when your new card will arrive and contact Medicare if you don’t receive it. To prevent fraud and fight identity theft, the federal government is issuing new cards to all Medicare beneficiaries that will no longer have … Continue reading
When Can an Adult Child Be Liable for a Parent’s Nursing Home Bill?
Although a nursing home cannot require a child to be personally liable for their parent’s nursing home bill, there are circumstances in which children can end up having to pay. This is a major reason why it is important to read any admission agreements carefully before signing. Federal regulations prevent a nursing home from requiring a … Continue reading
Court Overturns Obama Rule Protecting Investors Saving for Retirement
A U.S. court of appeal has struck down a Department of Labor (DOL) rule that was intended to prevent financial advisers from steering their clients to bad retirement investments, but the Securities and Exchange Commission (SEC) has proposed new regulations to at least partially address the same problem. Prompted by concern that many financial advisors … Continue reading
Long-Term Care Insurer Cannot Be Sued for Elder Financial Abuse
Long-term care insurance policyholders suing Bankers Life and Casualty Company were dealt a blow by the Oregon Supreme Court when it ruled that the state’s elder financial abuse statute does not apply to their case. Residents of Oregon who bought long-term care insurance policies from Bankers Life and Casualty Company sued the insurer five years ago … Continue reading
Report Finds Lack of Government Oversight of Assisted Living Facilities
The government is spending billions to fund assisted living services through Medicaid, but government oversight and regulation of assisted living facilities is lacking, according to a new government report. Medicaid funds long-term care services for low-income individuals. It is primarily used for nursing home care, but 48 states have opted to give assisted living residents the ability to … Continue reading
Estate Planning and Retirement Considerations for Late-in-Life Parents
Older parents are becoming more common, driven in part by changing cultural mores and surrogate motherhood. Comedian and author Steve Martin had his first child at age 67. Singer Billy Joel just welcomed his third daughter. Janet Jackson had a child at age 50. But later-in-life parents have some special estate planning and retirement considerations. … Continue reading