ABLE Account Certain federal and state benefits, such as Supplemental Security Income (SSI) and Medicaid have financial guidelines. They require an individual to have no more than $2,000 in countable resources to qualify for the program. Once an individual starts to receive either benefit, countable resources cannot exceed $2,000 in order to maintain eligibility. Financial Eligibility Standards… Read More
SECURE Act On January 1, 2020, the Setting Every Community Up for Retirement Enhancement (SECURE) Act (the “Act”) went into effect. This will result in significant changes to retirement planning. The Act increases saving potential in tax-sheltered accounts by extending the maximum age for contributions. The Act also adds a new requirement. This will significantly limit the… Read More
Washington State May Be the First to Offer Publicly Funded Long-Term Care Insurance Long-term care planning can help ensure you get the level and quality of care you need in the event of a chronic condition. As well as, an unexpected injury, or a sudden illness that leaves you unable to provide for yourself. While long-term care insurance, purchased privately or through an employer, can help offset some… Read More
Study: Washington is Now One of the Top Three Most Expensive States for Long-Term Care Recently, Genworth Financial released the findings of its fifteenth annual Cost of Care Survey. This broad survey is one of the most comprehensive publicly released analyses of long-term care costs; in the United States. Based on more than 15,000 different data points and covering more than 400 different regions; Genworth Financial has concluded that Washington… Read More
Procedure For Setting Up Long term Care When it comes to your own personal health, it is always best to plan for the future. If you fail to do this, you will be leaving your fate in the hands of other people. Thanks to modern medical science, people are now living longer than at any point in human history. Because of this,… Read More