by Jill Burzynski | Feb 13, 2020 | Blog, News Article
Congress passed the SECURE act in December of 2019 and it took effect January 1, 2020. SECURE stands for Setting Every Community Up For Retirement Enhancement. It makes important changes to the rules governing IRAs, 401ks, and other retirement accounts. Some terms I...
by Jill Burzynski | Feb 6, 2020 | Blog, Medicare, News Article
Now that open enrollment season is over we finally get a break from all those ads trying to convince you to enroll in a Medicare Advantage plan. Medicare Advantage, also called a Medicare Part C Plan, is an alternate to traditional Medicare. Advantage plans cover...
by Jill Burzynski | Jan 31, 2020 | Blog, Health Care Advocacy, News Article
As tax season gets underway, I thought it would be a good time to review the question of long term care tax deductions. The IRS allows deductions against your personal income tax for the costs associated with medical care. You must itemize these costs in order to...
by Jill Burzynski | Jan 17, 2020 | Alzheimers and Dementia, Blog, Medicaid, News Article
When we are asked “Do I need a Power of Attorney?” we respond that everyone who has trusted family member or trusted close friend should have a Durable Power of Attorney. This legal document enables the agent named in the document to carry out financial...
by Jill Burzynski | Dec 30, 2019 | Blog, Medicaid, News Article
Often, seniors give away their assets to their children in an effort to become eligible for government benefits. However, no gifts should be contemplated without fully understanding the Medicaid penalty period. When a transfer of assets is made and Medicaid is needed...
by Jill Burzynski | Nov 27, 2019 | Alzheimers and Dementia, Blog, End of Life Planning, Estate Planning, Guardianship, Medicaid, Medicare, News Article
legal words Advance Directive: a written or oral statement about how you want medical decisions made should you not be able to make them yourself. Asset Protection: involves examining resources available to pay for care considering benefits that may...
