President Obama has made his budget proposal and lawmakers on Capitol Hill have already started trying to shape it to their will. One of the most controversial pages in the budget book: the proposal to change the way that benefits are adjusted for inflation under Social Security and other federal programs, will be taken up…
An estimated 5.4 million Americans suffer from Alzheimer’s disease. By mid-century, this number could climb to 14 or 15 million. Suffering is immense for both patients and their families and so is the cost. We spend close to $200 billion dollars every year for Alzheimer’s patient care and treatment. Demographic trends together with healthcare cost…
The Area Agency on Aging (AAA) 1-B is pleased to announce the creation of a new position: Specialist, Training and Lesbian, Gay, Bisexual and Transgender (LGBT) Programs. This is an exciting opportunity for the AAA 1-B. We are the first AAA in Michigan to have a staff person dedicated to LGBT older adult issues and…
Renee Bullock of Redford Township was charged with one felony count of embezzlement from a vulnerable adult. Bullock allegedly embezzled money from her elderly father while he was in a nursing home. Mich. Attorney General Bill Schuette says she used more than $140,000 of her father’s money for her own personal use. (Read more: Fighting…
Legendary Lady Vols (University of Tennessee) Head Coach, Pat Summitt learned foundational life lessons growing up on a dairy farm under the mentorship of her parents. Working hard, and working smart became the principles by which she lived, and now leads her team and family on and off the basketball court. (Read more: Alzheimer’s Planning)…
With baby boomers rapidly expanding the population of Americans age 45 to 65, a growing need for businesses that cater to the expanding needs and desires of an active and independent elderly population has emerged. (Read more: Plan for Future Care) Many families are spread across the country, and are unable to assist their elderly…
The Centers for Medicare & Medicaid Services has released the 2013 daily co-insurance amounts for skilled nursing care services, in addition to the inpatient hospital deductible amount. (Read more: Life Care Planning) The inpatient hospital deductible will be $1,184, increased by $28 from 2012. The daily co-insurance amount will be $296 for the 61st through…
For Medicaid purposes, the gift of the remainder interest if a transfer for Medicaid purposes. Once the deed is recorded with the county clerk, the five year look-back period begins. As a result, if an individual transfers the remainder interest this year, this gift will is not susceptible to Medicaid’s reach five years from the…
With proper planning, whether you are married, widowed, or single, a primary residence can be protected from sale. When a widowed or single individual seeks Medicaid benefits, Medicaid requires that they spend their available assets down to $2,000.00 before receiving such benefits. If a person enters a nursing home without a reasonable expectation to return…