Armed with a New Report, White House Pushes Congress to Reduce Prescription Drug Costs Corona Estate Planning Attorney Joseph Hudack – The Biden administration is calling on Congress to pass proposals to lower prescription drug prices, including allowing Medicare to negotiate with drug companies and capping out-of-pocket spending by Medicare beneficiaries. Americans spend on average…
It’s Medicare Open Enrollment Time Corona Estate Planning Attorney Joseph Hudack says that every year Medicare gives beneficiaries a window of opportunity to shop around and determine if their current Medicare plan is still the best one for them. During Medicare’s Open Enrollment Period, which runs from October 15 to December 7, beneficiaries can freely…
Online Survey Helps Older Adults Assess Corona Estate Planning Attorney Joseph Hudack knows that all older Americans are vulnerable to financial abuse, but there are certain circumstances that make someone more likely to be scammed. An online survey can help older adults (or their caregivers) assess their risk of being exploited based on how they…
IRS Announces Corona Estate Planning Attorney Joseph Hudack – The IRS has announced that the tax deduction for medical expenses includes amounts spent on face masks, sanitizer, and other products purchased to prevent the spread of the coronavirus. If you have significant medical expenses, you may be able to deduct them from your taxes. Many…
Social Security Benefits Corona Estate Planning Attorney Joseph Hudack says that studies have found that workers overestimate how much they will receive in Social Security benefits when they retire. Having a good understanding of the realities can help you plan for retirement. Researchers from the University of Michigan studied the expectations of workers and found…
Britney Spears Case Puts Renewed Focus on Guardianships Britney Spears’s legal fight to wrest back control over her personal and financial affairs has flooded the issue of guardianship in Klieg lights. Corona Estate Planning Attorney Joseph Hudack says that while full guardianship may be necessary for many individuals who are incapable of managing their own…
Saying Medicaid Estate Recovery Keeps Families in Poverty, Advocacy Groups Call for Abolishing It Corona Estate Planning Attorney Joseph Hudack knows that to qualify for Medicaid coverage of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be trapped for the unwary. One of the most significant traps is Medicaid’s right…
COVID-19 Relief Bill Corona Estate Planning Attorney Joseph Hudack knows that President Biden has signed the latest COVID-19 relief bill, which in addition to authorizing stimulus checks, funding vaccine distribution, and extending unemployment benefits, also provides assistance to seniors in a number of ways. The $1.9 trillion American Rescue Plan Act (ARPA) delivers a broad…
Medicaid and Settlements Corona Estate Planning Attorney Joseph Hudack knows that the U.S. Supreme Court has agreed to hear a case disputing how much states can recoup from Medicaid recipients’ settlements in personal injury cases. The decision has the potential to affect anyone who receives government assistance with their medical care following a disabling injury…
Medicaid Waivers Can Help You Avoid a Nursing Home, But the Line May Be Long Corona Estate Planning Attorney Joseph Hudack knows that Medicaid long-term care benefits traditionally pay mainly for nursing home care, but the federal government can grant “Medicaid Waivers” to states allowing them to expand Medicaid to include home and community-based services.…