Before we get into the changes that have been made to the Medi-Cal parameters for 2020, we should explain why this program may be important to you at some point in time.The vast majority of senior citizens will qualify for Medicare when they reach the age of eligibility, which is 65 at the time of this writing. Simply put, if you have worked and paid taxes for at least 10 years, you will qualify for Medicare coverage.That’s the good news, but the bad news is that Medicare does not cover … [Read more...]
Veterans Pension Can Give Seniors a Boost
There are many people from our area that have served in the United States armed forces. These individuals and their families make great sacrifices, but they do get certain rewards for their service.Most people are aware of the fact that people that spend at least 20 years on active duty become eligible for a retirement pension. If you join up, the longer you stay in, the higher the pension amount will be when you put your military career behind you.This provides a clear pathway toward a … [Read more...]
Can Medi-Cal Take Your Home?
Before we get to the specific subject of this blog post, we should explain why Medi-Cal may be relevant to you when you are a senior citizen. If you have worked and paid taxes for at least 10 years, or if your spouse has done this, you will qualify for Medicare when you reach the age of 65. This program will provide a health care insurance underpinning, but there are out-of-pocket expenses, and there is one huge gap.Medicare will pay for convalescent care after an injury or illness when … [Read more...]
Will Nursing Home Costs Consume Your Legacy?
When you are considering what you will be able to leave behind to your loved ones after you are gone, you may be overlooking a huge potential expense.Retirement is viewed as a period of your life when you have a lot of free time to enjoy if you can afford to put your working years behind you. Planning ahead for this interim from a financial perspective will involve evaluating your anticipated ordinary living expenses.Once you are in a position to meet them, you may feel as though the … [Read more...]
Take Steps to Prevent a Guardianship
A guardianship proceeding could be convened if you were to become unable to handle your affairs as a senior citizen without taking any steps in advance to prepare for this contingency. Before you turn the page under the impression that you will never become incapacitated, you should understand some statistics.Incapacity can be caused by various different conditions, but there is one disease that completely changes the playing field. Everyone has heard of Alzheimer’s, but many are surprised … [Read more...]
What Does an Elder Law Attorney Do?
The attorneys here at Schomer Law Group address elder law and estate planning concerns. In a general sense, everyone knows what inheritance planning is all about, but the same cannot be said about elder law.In an effort to provide an explanation in a manner that is easy to understand, we will provide a hypothetical conversation between a client and an elder law attorney.Why would aging be a legal matter?That is a very good question, because the term “elder law” can be somewhat of a head … [Read more...]
Will Medi-Cal Pay for In-Home Care?
Before we address the subject at hand, we must provide some necessary background information. When you are planning ahead for your retirement years, you will invariably envision the good times that lie ahead. Without question, if you make the right choices along the way with regard to saving, you will have the financial underpinning that you need to enjoy your golden years to the fullest.This is something that is fun to think about, and it should be, because people work hard all their lives … [Read more...]
Medi-Cal Planning by the Numbers
The reason why Medi-Cal may be relevant to you as a senior citizen is because Medicare will not pay for a stay in a nursing home. According to the United States Department of Health and Human Services, about 35% of seniors will someday need this level of care.In the greater Los Angeles area, you can expect to pay over a hundred thousand dollars a year for a private room in a nursing home, and the costs have been rising each year. If you are married, your family must be prepared to absorb … [Read more...]
Benefits for Seniors: Key Facts and Figures
Our elder law attorneys assist clients that are looking ahead toward their senior years and the twilight period that will follow. When you are planning for retirement, it is important to have a thorough understanding of the benefits that you will be able to receive. In this post, we will provide some very useful information about Social Security and Medicare.Social Security Eligibility AgeThe eligibility age for a full Social Security benefit depends on the year of your birth. If you were … [Read more...]
Californians Get Favorable Medi-Cal Parameters
Before we dig deeply into the details with regard to the advantages that Californians enjoy, we should explain why Medi-Cal should be on your radar in the first place. The vast majority of seniors will someday need living assistance, and about 35% will eventually reside in nursing homes.These facilities are extremely expensive. At the time of this writing in 2019, here in the greater Los Angeles area, you are looking at over a hundred thousand dollars per year, and it could be much more … [Read more...]
