The Big Financial Risk facing Pennsylvania Seniors

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Recently I wrote about how death taxes impact Pennsylvania residents and their heirs. The conclusion was that for most of us, federal death taxes are not an issue. And Pennsylvania’s inheritance tax can take a modest bite from our accumulated wealth. [See my recent article Death Taxes For Pennsylvania Residents] For many Pennsylvania seniors a […]

Medicare Annual Limits on Therapy Lifted

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Last month Congress approved the federal budget agreement and it was signed by the President on February 9th. One of the provisions should help the health of the 59 million Americans who have Medicare. Under the budget agreement, annual caps are removed on the amount Medicare pays for physical, occupational or speech-language therapy. The medical […]

Planning for Getting Older

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It’s 2017. Another year has disappeared into history. If you are like me, the older you get, the more quickly each year seems to pass. January is the month when people make resolutions for the New Year. If you are over age 60, and especially if you have reached age 70 (like me), consider this […]

Community Spouse Resource Allowances for 2017

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The cost of care in a nursing home can devastate the lifetime savings of a married couple. In recognition of this problem Congress passed a law in 1988 which was intended to limit the “spousal impoverishment” that can result when one spouse becomes a nursing home resident. Under this Medicaid law, minimum amounts of financial […]