Category archives: Jacksonville
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4 years ago
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When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth's 2019 Cost of Care survey. In the past year, the median annual cost for home health aides rose 4.55 percent to $52,624, while the median cost of a private n... [read more]
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4 years ago
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The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term care insurance.
Premiums for "qualified" long-term care insurance policies (see explanation below) are tax deductible to the extent that they, along with oth... [read more]
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4 years ago
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Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid, but that doesn't mean the house is completely protected. The state will likely put a lien on the house while the resident is living and attempt to recover the property after the resident has passed... [read more]
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4 years ago
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After small or no increases the past couple of years, Medicare’s Part B premium will rise sharply in 2020. The basic monthly premium will increase $9.10, from $135.50 a month to $144.60.
The Centers for Medicare and Medicaid Services (CMS) announced the premium increase on November 8, 2019. N... [read more]
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4 years ago
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The Social Security Administration has announced a 1.6 percent increase in benefits in 2020, nearly half of last year's change. The small rise has advocates questioning whether the government is using the proper method to calculate the cost of living for older Americans and those with disabilities.
... [read more]
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4 years ago
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Our office is proud to be collecting donations again for the J.P. Hall Annual Christmas Party for underprivileged children.
Suggested gift donations include: Games, Action figures or dolls, Art activity sets, Sporting equipment (basketballs, footballs, etc.), Books, Toy cars or trucks, Teen watch... [read more]
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4 years ago
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One of the main questions that we get from our clients is how they can make sure that their family members are taken care of in the event of their incapacity or death. Our answer is that with proper Estate Planning we can create customized plans to achieve this important goal to protect families tho... [read more]
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4 years ago
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Federal law requires the state to attempt to recover the long-term care benefits from a Medicaid recipient's estate after the recipient's death. If steps aren't taken to protect the Medicaid recipient's house, it may need to be sold to settle the claim.
For Medicaid recipients age 55 or older... [read more]
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4 years ago
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We appreciate everyone who generously answered the call to help us with our Thanksgiving Food Drive for The Food Pantry of Green Cove Springs.
We have delivered many bags and boxes of food to The Food Pantry of Green Cove Springs to help them prepare Thanksgiving food packages for their clients.
... [read more]
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4 years ago
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Being appointed guardian of a loved one is a serious responsibility. As guardian, you are in charge of your loved one's well-being and you have a duty to act in his or her best interest.
If an adult becomes mentally incapacitated and is incapable of making responsible decisions, the court will ap... [read more]
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4 years ago
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An annuity can be a useful tool for long-term care planning, but annuities are also complex financial products that are hard to understand. If purchasing an annuity, you need to consider your options carefully.
An annuity is a contract with an insurance company under which the consumer pays t... [read more]
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4 years ago
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Medicare's Open Enrollment Period, during which you can freely enroll in or switch plans, runs from October 15 to December 7. Don't let this period slip by without shopping around to see whether your current choices are the best ones for you.
During this period you may enroll in a Medicare Pa... [read more]
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