Taxes and the Health Care Reform

Overview The 2010 Health Care Reform law puts into motion alterations in tax-related issues for businesses and individuals. Employers should prepare their systems well ahead of the dates of the proposed changes. Individuals also need to understand the changes that the health care reform bill brings to their personal taxes. Timeline for Tax Implications Year 2011 Exclude the costs for over-the-counter drugs not prescribed by a physician from being reimbursed through a Health Reimbursement Account (HRA) or a Flexible Spending Account (FSA) and from being reimbursed on a tax-free basis through a Health Savings Account (HSA) or an Archer Medical ...
Read More

My Medicare.gov [Information repository] – Organization Tool for Caregivers

A valuable tool for those assisting elders requiring care is the www.MyMedicare.gov web site. The site helps you organize doctors, medicines, and medical history. We must be sensitive to privacy but having this information in one convenient site enables more efficient care. The website is available 24/7. Also, it is possible to search for various medical and related non-medical service providers.  The information requires a user name and password (created at web site account application). A caregiver can identify themselves as a caregiver, thus fully disclosing their relationship to the patient receiving Medicare assistance when applying for a web site ...
Read More

PDP – Medicare Part D Drug plan

******************OPEN ENROLLMENT, MEDICARE PART D Rx Prescription Drug Plans******** The open enrollment period for Medicare Part D prescription drug insurance plan coverage begins November 15, 2010 and extends to December 31, 2010.  Everyone currently covered by Part D should evaluate their current plan, and decide if another plan is more cost effective. Colorado will have 31 stand alone plans issued by 17 different carriers in 2011. There were 48 plans issued by 20 carriers in 2010. There is assistance available to help with the decision process. Medicare’s web site, www.medicare.gov will rank plans by cost once you enter your zip ...
Read More

The Conversation — How to initiate the conversation about care

Homewatch Care Caregivers provided the following information from its well written publication – The Guide to Legal and Financial Planning. The Guide contains the following information on Page 13: Initiating the Conversation with Your Aging Parents Family dynamics and the ways that family members have always related to eachother can sometimes get in the way of discussing legal and financial issues. Hereare five steps to help: 1. Don’t take the person by surprise. Tell him or her that you have somethingimportant you want to talk about and do it in a comfortable, pleasant setting. 2. Use a situation you have ...
Read More

Health care reform_An explanation

Cokie Roberts outlines the new Health Care Laws ...
Read More

Aging Well – the critical factors

I extracted the following list of critical factors necessary to age “well” from articles by Dr Jeffrey Toth (professor at University of North Carolina-Wilmington), GS Virk (Author), and Chuck Gallozzi (author — www.personal-development.com/chuck). In some combination, and with weighting according to an individual’s inclinations, the following represent critical aging well factors: Service to Others (read Bob Dylan’s lyrics from To Serve, we serve someone – it may be the devil or it may be the Lord, but we all serve somebody, yes indeed we all serve somebody. Physical exercise – we all need it, continuous movement for 30 minutes every ...
Read More

A little humor (Senior humor) Enjoy a moment from Home Instead

Watch this little gem from Mary Maxwell, a friend of the Hogan’s (founders of Home Instead) ...
Read More

Saging, not Aging by Rabbi Zalman Schachter-Shalomi

Rabbi Zalman Schachter-Shalomi,, professor emeritus of Temple University and founder of the Spiritual Eldering Institute is the author of  From Age-ing to Sage-ing’ (Warner books, 1995). Rabbi Zalman says, “Every life matters immensely; every well-lived and completed  life helps in healing the world.” “Elders are the jewels of humanity that have been mined from the earth, cut in the rough, then buffed and polished by the stonecutter’s art into precious gems that we recognize for their enduring value and beauty. “ Rabbi  Zalman holds that we all have the potential for fulfilling elder years, but first we may need to free ourselves ...
Read More

Needing a CPA to assist in Caregiving

Brenda Avadian, noted author (you can retrieve some of her work through Ezines.com) made the following comment in her Blog post on the stages of Caregiving. The stage of hands on the wheel there is no one else should include …Along the caregiving journey, you may need an elder law attorney to help you set up an estate plan and a durable power of attorney for healthcare, and an accountant or a tax advisor to help you manage your loved one’s finances.  You know the accountant to call or email by reading this blog. Also remember CPAs are governed by a ...
Read More

CARE MANAGERS_JOHN MORAN’S EXPERIENCE

Tell me my experience is not unique. My mother simply wants to live independently for as long as she can. While respecting her wishes the fact is she has experienced multiple heart attacks in the last year. Is respecting her wishes the best empathy I can provide? No, my concerns for her well being have to include periodic conversations to persuade her towards some form of in house assistance. My rational CPA self is not the best approach to this matter. So ahead of my persuasive attempts at in home assistance, there are others who have considerable experience with my ...
Read More

Caregiving stages

Various authors have enumerated stages of caregiving. Carolyn McIntyre authored an article “The Three Stages of Caregiving” which struck me as direct and to the point. Stage 1 – What happpened to my loved one, the initial stage? A crisis occured (fall, heart attack, stroke, memory loss). Similar to learning a brand new language, family members must emerse themselves in the situation and determine a course of action. Denial is common (& human) at first. Sources of help include medical personnel but also social workers and those with a nursing and social worker background (typically a geriatric care manager may be ...
Read More

AGING – Changing into someone new

Author Tim Keller identified a perspective in his book, The Prodigal God, www.theprodigalgod.com, pertinent to many of us in the American Baby Boomer generation. The perspective is each of us, whether religious or irreligious has the need to change into someone new. His book actually focuses on the ELDER brother, the moralistic, do the right thing brother. This brother becomes angry and bitter, actually believing because he did right he is entitled to a good life. This brother is more “lost” than the brother who wandered off, squandered his father’s property, and seeks redemption. The elder brother refused to attend the ...
Read More
Loading...