201603.15
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Medicaid Misconceptions

There are many misconceptions about the Medicaid program (called MassHealth in Massachusetts). It is a complex Federal/State program controlled by multiple laws and regulations. The rules vary from state to state and, most importantly, they change over time. What worked for someone else may not work for you as the rules were different in the…

201603.15
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What will your Long Term Care Cost?

A USA Today headline says that Dementia care could cost $730,000! That’s a scary number that should make you want to plan for your aging needs. However, is it really a valid estimate? The newspaper got that number by using Genworth Financial’s figure of $91,250 for full-time (24 hour) care for eight years. Many Massachusetts…

201111.10
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2011 Medicare Rates Announced

The Center for Medicare and Medicaid Services (CMS) has announced the 2011 rates for Medicare. The basic premium for Medicare Part B will be $115.40 a month, up from $110.50 in 2010 (a 4.4 % increase). But because there will be no cost of living benefit increase for Social Security recipients for 2011, most beneficiaries…

201111.02
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Medicaid Income and Asset allowances for 2012 increase!

After staying the same for two years, the community spouse resource allowance (CSRA) and the maximum monthly maintenance needs allowance (MMMNA) will increase for 2012, the Centers for Medicare and Medicaid Services just announced. The 2012 minimum CSRA is $22,728 and the maximum is $113,640. The new maximum monthly maintenance needs allowance is $2,841. The minimum monthly…