When you are preparing your long-term health care plan in Colorado, the Medicaid look back period may present an obstacle. While some people never need to worry about it, there are many that do. We at Vincent, Romeo and Rodriguez want you to be ready for anything so we make sure to educate our clients about this confusing topic.
As a resident of Colorado with aging relatives to care for, you may eventually comes to the decision that it's time for them to get fuller and more comprehensive care at an assisted living facility or a nursing home. We at Vincent, Romeo & Rodriguez, LLC., will help you manage your options in an affordable way.
If you are receiving or are about to start receiving Medicare, you are likely aware of its many benefits. Medicare's aim is to help provide eligible recipients with affordable healthcare, which becomes even more important as we get older. And there are some measures you can take that will allow you to take full advantage of all that Medicare has to offer.
If you are approaching or have reached retirement age, you have a number of financial matters with which to contend. One of the most pressing issues that you will likely face involves both your bank account and your personal health. The fact is, as we age we are likely to need more and more medical care. As you are no doubt aware, almost every aspect of medical treatment is expensive.
Once you reach the age of 65, you become eligible to receive the benefits offered by Medicare. Medicare allows you to purchase insurance at a lower cost and even if you have preexisting conditions, you still cannot be denied coverage. So all in all, Medicare is a very good deal and can be a key element of your retirement plan.
Once you reach the age of 65, you have the opportunity to take advantage of the benefits provided by Medicare. Millions of Americans depend on these benefits for their critical medical needs. But because there are so many options available, trying to tailor your Medicare program to suit your personal needs can be difficult.
Even though it is a very common situation that many people face, there is no formula for deciding when it is the right time to place a parent in a nursing home. While you may be able to find guidance from friends or online sources, ultimately, the decision will rest on the specific circumstances of the parent and the rest of the family.
Many individuals that have worked hard their entire lives may be under the assumption that there isn't any way of receiving Medicaid benefits while leaving their savings and assets intact. In fact, many seniors believe that their assets must be completely diminished before receiving Medicaid benefits. This assumption is not only inaccurate but can be disastrous for seniors hoping for worry-free golden years. Fortunately, by working with an experienced elder law attorney, aging seniors can take the steps they need to preserve their assets and still receive valuable Medicaid benefits.
Most people don't like getting older. But many don't mind turning 65. Not only is retirement usually right around the corner, but making it to 65 marks Medicare age and the end of the health insurance hassle. And while many seniors look forward to Medicare, its confusing process can have many enrollees missing their old plans.
There is no question that the Medicare program and all of its parts can be extremely confusing and difficult to understand. There are open enrollment periods, parts A, B and D to consider and even riders that can be purchased at an additional cost. For a program that is intended to provide retired seniors with affordable medical coverage, it may be difficult to understand that not enrolling in a part of it may result in penalties.