When you work and pay FICA or self-employment taxes, you earn retirement credits that lead to Medicare eligibility. You get four credits a year if your income exceeds a very nominal threshold, and you will earn eligibility when you have accumulated a … [Read more...] about Why Would Medicaid Be Relevant to a Medicare Beneficiary?
Elder Law and Medicaid Planning
Importance of Long Term Care Planning
Elder law attorneys assist clients who are concerned about legal and financial matters they may face as senior citizens, and long-term care is at the top of the list. It is a major source of concern because Medicare does not pay for the custodial … [Read more...] about Importance of Long Term Care Planning
Illinois Medicaid Eligibility: Key Figures for 2021
The most pressing matter that elder law attorneys address is the long-term care situation. If you visit the website longtermcare.gov, you will see some eye-opening statistics that shed light on the subject. This site is maintained by the United … [Read more...] about Illinois Medicaid Eligibility: Key Figures for 2021
Can a Person With a Disability Establish a Supplemental Needs Trust?
There are pointed estate planning solutions that can be utilized to satisfy certain specific objectives. The best way to provide assets to one person on your inheritance list may not be appropriate for the next. This certainly applies to estate … [Read more...] about Can a Person With a Disability Establish a Supplemental Needs Trust?
A Look at 2021 Medicare Premiums and Deductibles
As elder law attorneys, we pay close attention to the government programs that senior citizens rely on. Medicare is certainly one of them, and there are adjustments to the out-of-pocket costs each year to account for the cost of living. The new … [Read more...] about A Look at 2021 Medicare Premiums and Deductibles