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2022 COLA INCREASES FOR MEDICAID, SOCIAL SECURITY, MEDICARE, TAX AND VETERANS BENEFITS

Many public benefit and tax numbers are indexed to inflation.  Different agencies use different inflation factors, but Social Security used 5.9 for increasing the numbers for 2022.  Below is a chart that states numbers for the following: Medicaid, Social Security, Medicare, Tax, Veterans Aid and Attendance and Veterans Housebound Benefits.   Medicaid Income Cap[1] $2,523 Maximum…

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New Study Reveals Medical Dangers of Isolation

[Originally published in the NAELA eBulletin] Those who are socially isolated are over 40% more likely to have a cardiovascular event, such as a heart attack or stroke, than those who were socially integrated, new research has shown.  The German study, presented May 23, 2020 at the European Academy of Neurology (EAN) Virtual Congress, found…

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ORGAN DONATIONS

by Thomas D. Begley, Jr., CELA [Article originally published in Straight Word]  Attorneys preparing Wills for clients should always also prepare a Living Will or Health Care Power of Attorney and ask the client if he or she is willing to make an organ donation. Every ten minutes someone is added to the National Transplant…

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Medicaid Planning with Disability Annuity Trusts

By Thomas D. Begley, Jr., CELA The Concept A sole benefit of trust is a creature of HCFA Transmittal 64.’ These trusts have traditionally been used in crisis planning. They can be established for the benefit of disabled persons—a Disability Annuity Trust (“DAT”).2 The idea is that assets would be transferred to an irrevocable trust for the sole benefit of the…

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