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Archives

Monthly Archive for: "November, 2021"
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By John Belconis
In Elder Law News
Posted November 20, 2021

IRS Issues Long-Term Care Premium Deductibility Limits for 2022, and They Look Pretty Familiar

The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the figures are [...]

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By John Belconis
In Elder Law News
Posted November 18, 2021

Medicare Premiums to Increase Dramatically in 2022

Medicare premiums are rising sharply next year, cutting into the large Social Security cost-of-living increase. The basic monthly premium will jump 15.5 percent, or $21.60, from $148.50 to [...]

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By John Belconis
In Elder Law News
Posted November 9, 2021

What It Means to Need ‘Nursing Home Level of Care’ for Medicaid Eligibility

When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level care typically provided in a nursing home.  

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By John Belconis
In Elder Law News
Posted November 3, 2021

Hiring a Caregiver: Should You Employ One Yourself or Go Through an Agency?

Many families will eventually have to hire a caregiver to look after an aging relative. There are two main ways to hire someone: directly or through a home health [...]

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By John Belconis
In Elder Law News
Posted November 3, 2021

In 2022, Social Security Beneficiaries Will See the Biggest Increase in 39 Years

Rising inflation due to the ongoing coronavirus pandemic means that in 2022, Social Security benefits will go up 5.9 percent, the sharpest upsurge since 1983. 

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By John Belconis
In Elder Law News
Posted November 3, 2021

Better Than No Loaf: Medicaid Planning Using “Half a Loaf” Strategies

While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets. 

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By John Belconis
In Elder Law News
Posted November 3, 2021

COVID Vaccination Information Added to Medicare’s Nursing Home Compare Site

Individuals who are researching nursing homes can now see staff and resident vaccination rates along with other quality and safety measure information at Medicare’s Nursing Home Compare [...]

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By John Belconis
In Elder Law News
Posted November 3, 2021

Closing of Social Security Field Offices Disrupted SSI Benefits for Thousands, Lawsuit Charges

When the SSA closed its offices at the onset of the COVID-19 pandemic, it failed to provide practical ways for the elderly and people with disabilities to demonstrate their eligibility or [...]

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