Personal Needs Allowance Estate Planning Attorney Joseph Hudack knows that seniors who rely on Medicaid and live in nursing homes receive a personal needs allowance — a monthly stipend the Medicaid recipient can use to pay for needs that Medicaid does not cover. Medicaid restricts the amount of the allowance and how it is used.…
FDA Hearing Aids Approval FDA Hearing Aids – On August 17, 2022, the Food and Drug Administration (FDA) authorized the sale of over-the-counter hearing aids. Devices for adults with mild to moderate hearing loss will be available in October 2022. The FDA’s rule follows President Biden’s Executive Order on Promoting Competition in the American Economy,…
Claiming Social Security Estate Planning Attorney Joseph Hudack says that if you are about to turn 70, congratulations on reaching a big milestone. And if you also have delayed claiming Social Security retirement benefits up till now, you are joining a select group — only 6.5 percent of Social Security recipients put off collecting their…
BenefitsCheckUp Estate Planning Attorney Joseph Hudack knows that older adults have access to hundreds of federal and state benefits programs. Many retirees meet the requirements for these aids, yet do not know they are eligible and miss opportunities to receive assistance. Others can feel overwhelmed by complex application processes. BenefitsCheckUp, the National Council on Aging’s…
Qualify for Medicaid Estate Planning Attorney Joseph Hudack knows that many seniors find themselves in need of Medicaid to pay for their long-term care but are surprised to learn that their modest monthly income may disqualify them. The reason for this is that Medicaid is a “means-tested” benefit. In other words, you must not have…
Generic Health Care Proxy Forms Estate Planning Attorney Joseph Hudack knows that doctors, nurses, and hospital staff work hard to care for their patients when they are sick or hurt. However, even when a procedure is done to save a patient’s life, a hospital cannot act without the patient consent. If a patient cannot speak…
Adult Children Cannot Support Boomer Parents Survey A recent survey by the American Advisors Group (AAG) finds that 55 percent of adult children say they are not financially prepared to help their Baby Boomer parents cope with rising inflation and living expenses. “Americans want to see their parents age with grace and dignity and have…
Haven’t Filed Your Tax Return? Estate Planning Attorney Joseph Hudack says that about 19 million individuals requested an extension – until October 17, 2022 – for filing their 2021 taxes with the Internal Revenue Service (IRS). If you’re among them, there is no need to hold off until mid-October to file. Filing sooner rather than…
Unsafe Portable Bed Rails, National Safety Commission Warns Estate Planning Attorney Joseph Hudack says that earlier this month warns people against using a series of adult portable bed rails models after at least three people — including one in a nursing home and another in an assisted living facility — were entangled in them and…
Nursing Home as a Medicaid Recipient Estate Planning Attorney Joseph Hudack says that while Medicaid helps pay for nursing home care, getting into a nursing home as a Medicaid recipient is not always easy. There are several ways to navigate the process, depending on your situation. With the median cost of a nursing home room…