This is going to be off topic.
Walking into work this morning, I could not help but notice that the air was crisp and the sky was beautiful. Yesterday, temperatures were in the high forties and just a few miles to our south, there is not any snow on the ground. Even though we are anticipating […]
One interesting side-effect of the planned economic stimulus package is that retirees and others who have not filed taxes in years should do so this year. That is because the IRS cannot issue a refund without a determination of tax liability for 2007. Even if there are no taxes due, a tax return should still […]
Read Full Post | Make a Comment ( None so far )When President Bush signed the Deficit Reduction Act of 2006, the states began to implement that law through a steady patchwork of regulations. Michigan issued revisions to Medicaid qualification rules on a quarterly basis throughout 2007 and there is no reason to think that this pace will slow down in 2008. I will be posting […]
Read Full Post | Make a Comment ( 1 so far )States have begun to encourage all citizens to obtain long term care insurance as part of the Deficit Reduction Act. No one likes paying premiums on insurance, but for those of modest means, the premiums are especially burdensome and the benefits, considering that Medicaid is available when the assets run out, negligible. According to this […]
Read Full Post | Make a Comment ( None so far )When a single person goes for long term care (or both spouses), there are several obstacles to overcome in order to preserve the homestead. First of all, the patient(s) will be limited to just $2,000.00 in non-exempt assets (each). Secondly, the homestead will be at risk for estate recovery–a program by which the state can […]
Read Full Post | Make a Comment ( None so far )Guidance for Michigan Seniors and Their Families on Estate Planning, Disability Planning, Nursing Homes and Financial Help
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