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Average Retiree Will See Social Security Benefit Decrease

The Medicare Board of Trustees report released last month calls for Medicare premiums to inflate by 22.3 percent, increasing the 2017 Part B premium to $149 per month from $121.80…

Continue ReadingAverage Retiree Will See Social Security Benefit Decrease

Celebrating Sixty Years of Social Security Disability Insurance

When President Roosevelt signed the Social Security Act in 1935, he saw it as an innovative way to provide economic security for American workers. His advisers also envisioned disability insurance…

Continue ReadingCelebrating Sixty Years of Social Security Disability Insurance

When Seniors Stop Driving, Social Isolation Looms

Many adult children are quick to suggest to their elderly parents that they should quit driving.  However, a recent study found that when elderly drivers have to stop getting behind…

Continue ReadingWhen Seniors Stop Driving, Social Isolation Looms

House Passes Senior$afe Act to Prevent Financial Exploitation

The House of Representatives has passed a bill that would make it easier for financial advisors to report financial abuse of the elderly.  The Senior$afe Act of 2016 (H.R.4538) would…

Continue ReadingHouse Passes Senior$afe Act to Prevent Financial Exploitation

Why Name Your Doctor in Your Health Care Directive?

The Mississippi health care power of attorney, or “Advance Health Care Directive,” contains a section where you may give the name, address and phone number of your primary physician.  Why…

Continue ReadingWhy Name Your Doctor in Your Health Care Directive?

When a Trust Doesn’t Count for Medicaid Eligibility

Donna came in to talk about how to pay for her mother’s nursing home care, specifically Medicaid eligibility.  She was concerned that her mother, Evelyn, had been named beneficiary of…

Continue ReadingWhen a Trust Doesn’t Count for Medicaid Eligibility

Record Numbers of Phone Scams Target the Elderly

My mother is a smart lady.  She is 86 years old and lives by herself on a farm, gardens and drives herself wherever she wants to go.  She also prays…

Continue ReadingRecord Numbers of Phone Scams Target the Elderly

Caregiver Agreements Can Clarify Family Roles

Paying a relative for care of a frail parent or of an adult child or sibling with disabilities is an option that sometimes solves a variety of problems. “Caregiver agreements”…

Continue ReadingCaregiver Agreements Can Clarify Family Roles

Medicaid’s Spouse Allowance

Many people believe that, if their spouse goes into a nursing home, they will be left without sufficient assets or income to meet their own needs for support.  However, Medicaid…

Continue ReadingMedicaid’s Spouse Allowance

Who Can Challenge Abuse of a Power of Attorney?

Elva Mae Hemphill passed away at the age of ninety-nine without a will. Her primary assets consisted of five certificates of deposit and a checking account. As of April 6, 2007,…

Continue ReadingWho Can Challenge Abuse of a Power of Attorney?
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