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Midway, PA (724) 796-3040 Erie, PA (814) 315-0123 Franklin, PA (814) 209-4699

It’s Not Always Better to Give Than to Receive

If it is possible that a loved one will need Medicaid assistance within the next few years, that person should not give gifts. This can be sad if that person gets joy out of generosity. But gifts in that situation…

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Gifting Assets and Potential Medicaid Penalties

Medicaid is a federal-state program that helps low-income seniors with limited assets and incomes afford long-term care and healthcare. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true…

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How are Medicaid and Medicare Different?

In the healthcare industry, the acronym LASA, which stands for “look-alike-sound-alike” is used when referring to medications.  When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike but work very differently.…

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Tips for Understanding Medicare

Navigating Medicare can sometimes seem like going through a maze. On the one hand, Medicare is obviously a good resource because it provides medical benefits to seniors who are often on a fixed income. On the other hand, however, navigating…

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Are Medicare and Social Security at Risk of Insolvency?

A government study found that Medicare and Social Security are at risk of collapse. Unless action is taken, Social Security will exceed its income by 2020, whereas Medicare is projected to exceed its hospital insurance fund by 2026. Social Security…

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Be Careful with Inheritances and Medicaid

When it comes to inheritances and Medicaid, mistakes can be made. Those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to…

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Social Security Funding During COVID-19

The US Social Security Administrations funding trusts are known as the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund. In their 2019 annual report to Congress, the Board of Trustees released some startling detail…

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What To know About the Shortcomings of Medicare Advantage Plans

Medicare Advantage plans are appealing to many cost-conscious seniors because 1) they include prescription drug coverage; 2) they often include dental care, eyeglasses, gym memberships and other services; and 3) the premiums are substantially less than a traditional Medigap Plan…

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