The proposed increase in the standard deduction and decrease in the tax rate is simply not enough to make up for the loss of the medical expense deductions. "Ultimately, the effect of the proposed tax bill on the elderly and chronically ill is severe."
This Thursday, I’m co-presenting a free workshop on medicare, medicaid, and long-term care. We will discuss evaluating your medicare options and preparing for long-term care.
Recently I received a phone call from a concerned daughter whose 94-year-old mother had just moved to assisted living. A well-meaning friend had convinced the caller that she needed to contact an elder law attorney to talk about “Medicare Estate Recovery.” The caller was concerned that Medicare would seek reimbursement for expenses paid by the program. However, there