Tag: Elder law

In this hour, Elder Law and special needs attorney Jim Koewler answers questions about the daunting world of Medicare. Medicare pays 80% of covered costs, and this segment focuses on how you choose to pay for the remaining 20%, clarifying the differences between Medicare Advantage and the supplement program.

In this hour, Elder Law and special needs attorney Jim Koewler answers questions about the daunting world of Medicare. This segment focuses on the differences between the various parts - A, B, C, and D, the big four parts of Medicare. Part A is free if you paid into it while working, and covers 80% of hospitalization costs with a 0 premium. Part B covers non-admission-related hospital costs such as visits by doctors and specialists, paid for with a deduction from social security payments. Part C are advantage plans, which if you elect one would replace your Part A and B options and includes Part D features, covering a lot but not necessarily covering it well. Part D is prescription drug coverage.

In this hour, Elder Law and special needs attorney Jim Koewler answers questions about the daunting world of Medicare. This segment provides an overview of Medicare, the Federally-funded health insurance for people 65 or over. If you're approaching your 65th birthday, start thinking about this: you can sign up three months prior to and up to three months after your birthday. Don't miss that magic window, at it results in getting an annual late-fee penalty, and you might not be able to get the health insurance that you want to go with your Medicare. Medicare covers 80% of covered health costs; vision and dental aren't covered unless they're considered medical treatments.

Elder Law Attorney Jim Koewler talks about advanced directives, crucial for family caregivers.

Elder Law Attorney Jim Koewler talks about how to select a long-term care attorney.

Elder Law Attorney Jim Koewler talks about the dynamics of the legal side of elder care. Your elder care attorney can be your greatest asset. Jim talks about some of the changes that have happened during the pandemic. For instance, It's easier to stay on Medicaid and easier to get on Medicaid, but the general lack of ability to pay for long-term care hasn't changed.

Kelley Smith at CarePartners Living discusses various Medicaid qualifications. CarePartners Living has the largest floating Medicaid license in Washington state. People are confused over how to qualify for Medicaid. Average costs of assisted living is $5,000 or $6,000 per month. Income and assets are limited, so perhaps one or two years can be paid for out of pocket. Don't wait till they've exhausted their funds before applying for Medicaid. Qualifications include having less than $2,000 in the bank, requiring assistance with at least three activities of daily living, and assets cannot be hidden.

Kelley Smith at CarePartners Living discusses Medicaid qualifications. Let's say that you have $100,000 in the bank. One qualification for Medicaid is having less than $2,000 in the bank, so you would need to spend the rest of that money in ways the state allows, with expenses analyzed for the most recent five years.

Janet Smith, an elder law attorney with the Northwest Elder Law Group, spoke at Discovery 2019, the 34th Annual Alzheimer's Regional Conference. Elder law...

Elder Law Attorneys specialize in handling a wide range of legal issues that affect seniors financial and legal security. Even if you feel confident...