» Elder Transitions Planning™

Claiming a Parent As a Dependent

If you are caring for your mother or father, you may be able to claim your parent as a dependent on your income taxes. This would allow you to get an exemption ($3700 in 2011) for him or her. If you cannot claim your parent as a dependent but you hav… Read More
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Five Ways To Prevent Medication Mistakes

If 1.5 million serious medication mistakes happen every year, and 100,000 people die from them, how do you make sure you and your loved ones aren’t among the casualties? Take these five steps to make sure medication mistakes don’t happen to you.… Read More
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House Votes to Repeal Long-Term Care (CLASS Act) Program

On February 1, 2012, the U.S. House repealed a long-term care insurance program created by the 2010 health-care law that the Obama administration decided was too costly to put in place. The 267-159 vote sends the bill to the Senate, where Democrats d… Read More
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Latest Long Term Care Cost Figures

The cost of long-term care continues its upward climb, according to the 2011 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs. Private room nursing home rates rose 4.4 percent to $87,235 a year or $239 a… Read More
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You Are Turning 65: Must Do Checklist

If you’re about to turn age 65 (or know someone who is) it’s wise to start taking care of a few personal “house keeping” tasks that can significantly impact your future finances and healthcare. Here is a short list (not meant to be all-inclus… Read More
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What You Pay Your Doctor Under Medicare Depends

If you have original Medicare, the doctor you visit can make a difference in how much you have to pay. While you can go to any doctor who accepts Medicare payments, if the doctor does not “accept assignment,” you can end up paying a lot more. (Th… Read More
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Michigan Implements Estate Recovery Program

Michigan recently began its long anticipated “Estate Recovery” program. The program enables the state to seek recovery of the cost of the medical care expenses paid to a person older than 55 years of age, via the state’s Medicaid assistance pro… Read More
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Hiring a Caregiver: Do It Yourself or Go Through an Agency?

Most seniors prefer to stay at home as long as possible rather than move into a nursing home. For many families, this means eventually hiring a caregiver to look after an aging relative. There are two main ways to hire someone: directly or through a… Read More
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New Deadlines for Medicare Choices

Open enrollment starts a month earlier this year – so expect information about your options to arrive soon. There are some big changes to the open-enrollment schedule for Medicare Advantage and Medicare Part D this year, so you’ll need to mak… Read More
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Why You Need to Plan for Long-Term Care?

Thinking about a time when you will need help taking care of yourself is not fun. That is why most people put off discussing long-term care until it can’t be ignored. But it is better to start long-term care planning early. Here are some reasons to… Read More
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