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March
2010
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| In This
Issue |
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Elder
Law Center, P.C. |
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Upcoming
Events
April 16 - The Elder Law Center is hosting an open
house in observance of National Healthcare Decisions Day.
Attend this open house and work with Mrs. Renzi to create and
execute a durable power of attorney for health care - free of
charge. More info | |
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More Seniors Eligible for Big Medicare Drug Subsidy
A
million low-income seniors have become eligible for a big assist on
prescription drug expenses this year under a newly expanded federal
program. The subsidy can defray thousands of dollars in costs, and
in many cases eliminate prescription drug expenses entirely for
participating seniors.
Demise of Estate Tax Could Have Serious Consequences for
Spouses
The estate tax expired
on January 1, 2010. It remains to be seen whether Congress will
reinstate it before it returns in 2011, but the fact that there is
currently no estate tax can have unintended consequences for
spouses. Standard language found in many estate plans could leave
spouses with nothing.
How to Cope With Big Rate Hikes on Long-Term Care
Policies
If you have long-term
care insurance, brace for the possibility of a steep increase in
premiums this year. Some of the largest long-term care underwriters
are asking state regulators for large increases on some policies
this year.
Medigap Coverage Is Changing
Several changes are
coming to Medigap plans, which supplement Medicare's coverage. In
June 2010, four current plans will be dropped and two new plans will
be added, bringing the total number of available Medigap plans to
10.
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| Disclaimer:
The information contained in this newsletter is not intended
as legal advice and should not be relied upon to answer any
specific questions concerning your own circumstances or for
purposes of legal planning. For specific legal advice, please
contact our offices. |
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