Simple Steps to Get Your Finances Organized for 2016 The chill of winter is in the air. With the change of seasons comes the time of year when seniors are more vulnerable to illness. Sometimes it means a hospital stay followed by rehab care then long-term care in a nursing home. With the average monthly […]
In California there is much confusion about protecting the family home in a health care crisis for those age 65 and older. Much of this misinformation is from a lack of understanding of the differences in current California regulations versus federal law. When faced with a $7,000 per month nursing home bill, the average Californian […]
You May Have to Pay for Your Parent’s Long-Term Care By Karl Kim, CFP, CLTC As I look out into the future, I see a “Perfect Storm” brewing in California involving adult children and their aging parents. Adding fuel to this storm is California’s dire budget crisis, inevitable cuts in Medicare and Medicaid, soaring […]
You Don’t Have to Be Broke to Qualify for Medi-Cal by Karl Kim, CFP, CLTC One of the more popular myths is that you have to be absolutely flat broke before someone can qualify for Medi-Cal. You have to sell your house, spend all of your IRA funds and spend all of your savings […]
The Social Security Administration just mailed the 2012 "Your New Benefit Amount" statement. Save this statement! This is a REQUIRED document for Medi-Cal. Please call the office if you have any questions.