No one knows what will happen as they age. It’s almost impossible to predict the events that may have an impact, such as illness, disability, neurological impairments, or the need for long-term care. Impossible to predict, but not impossible to plan for. That’s why it’s important to hold age-related discussions with spouses, adult family members, trusted friends, and legal and…
The California Department of Health Care Services recently announced new Medi-Cal resource numbers for 2019. In All County Welfare Directors Letter (ACWDL) 18-28 the Community Spouse Resource Allowance (CSRA) was increased to $126,420 and the Minimum Monthly Maintenance Needs Allowance (MMMNA) was increased to $3,161 for 2019. The CSRA is the amount of non-exempt assets that the spouse of a…
We all know that when we turn 65 we are covered by Medicare. But many people don’t know that coverage is not automatic. We actually have to sign up for it. And we have to sign up during a specific time period or risk a penalty. Below is a quick lesson on when and how to do it. WHEN: Some…
Mary hung up the phone and frowned. “That can’t be right,” she said. “What can’t be right?” her husband James asked. He put his newspaper down and gazed at her. “Janice says she heard from Darla who heard from Laura that the End of Life Option Act has been overturned. If that’s true, we are going to need to change…
There are several kinds of disability income benefits available to a worker who becomes unable to work due to an injury or illness. This article focuses on private disability insurance policies or plans provided by employers that are governed by a federal law known as the Employee Retirement Income Security Act of 1974 (“ERISA”). Applying for long-term disability benefits under…
