Elder Law Educational Series & Events
Our law firm periodically conducts free seminars in and outside our office on the following topics:
Please contact our office for the dates of upcoming seminars (386) 672-2550.
- Estate Planning
- Wills & Trusts
- Powers of Attorney
- Living Wills
- How to Avoid Probate
- Medicaid Planning
- Protect Your Assets
- Long Term Care Options
- Planning for the Future
- Learn About Levels of Care
- Placement Issues
- Health Care Issues
Our law firm believes that education is a powerful tool to help us make informed decisions. Below are articles which may do just that!Prepare for Major Changes to Veterans’ Aid and Attendance Benefits
On September 18, the Department of Veteran Affairs (VA) issued major changes to its Veterans Pension, including “Aid and Attendance,” and other needs-based benefits. The rules go into effect on October 18, 2018.
Net Worth Limit - the new rule establishes a net worth limit of $123,600, which is subject to increase by the same percentage as the Social Security increase whenever there is a cost-of-living increase. The net worth calculation remains the sum of the claimant’s assets and annual income.
Primary Residence - the claimant’s primary residence will continue to be excluded as an asset for VA Pension purposes.
Spend-down of Assets - The biggest change to the program is that the VA will now penalize any gifts and other transfers of resources for less than fair market value that occurred in the three years prior to applying.
Look-back and Penalty Periods - VA has created a 36-month look-back period. Along with the look-back period VA has enacted a Penalty Period of up to 5 years for the transfer of a “covered asset” within the 36-month look-back period preceding the date the VA receives a claim for Pension.
VA Pension payments to a Medicaid nursing home benefit recipient - the new rule leaves the $90 limit on VA Pension payments to Medicaid nursing home benefit recipients in place.
Increase in 2019 Social Security and Medicare Premiums
Social Security benefits increase 2.8% for 2019
The Social Security Administration has announced that the cost-of-living adjustment for 2019 will be 2.8 percent, which is in line with a recent estimate. The increase marks the biggest boost to benefits since 2012.
Medicare Premiums are going up in 2019
The standard monthly premium for Medicare Part B will be $135.50 in 2019, the Centers for Medicare and Medicaid Services said on Friday.