Dear Clients and Referral Partners,
Earlier this morning, we release our May 2024 newsletter from R. F. Meyer & Associates. If you did not receive it by email, please see the link to access a PDF of the newsletter from our website.
We’ve got three articles on Elder Law topics in the May 2024 edition that we believe you will enjoy:
- Refigured COLA for Social Security? For years, there have been complaints that the annual cost-of-living adjustment to Social Security benefits for retirees is not accurate. Now a move is afoot in the US Senate to tie the inflation adjustments to a new inflation measure – one that’s weighted to include medical expenses, a rising cost encountered by most seniors.
- An end to Medicaid recovery for nursing home care? By federal law, states have to try to recover the expenses paid by Medicaid for long-term care, from the estates of deceased beneficiaries. But simple estate planning avoids the recovery, and the penalty most often hits poor families. This has been heavily criticized in recent media coverage. Now, the Stop Unfair Medicaid Recoveries Act, reintroduced in the US House, proposes to end Medicaid estate recovery altogether.
- Assisted living affordability? Spoiler alert. Ohio ranks solidly in the middle (No. 28) of a new, state-by-state study of the costs of assisted living. Check out the highlights of this new ranking of costs for the popular — and growing — housing option for older Americans.
We hope you find these May 2024 articles informative and interesting. Please contact our experienced staff at R. F. Meyer & Associates should you need more information or help with any of these topics, or assistance with any Elder Law, Estate Planning or Probate Law issue.
Reach our Worthington offices by calling 614-407-7900, by sending email to [email protected], or just fill out the contact form on our website, at elderlaw.us/contact, and we will get right back to you.
Enjoy the spring weather the rest of this May, and look for your next R. F. Meyer & Associates newsletter in early June.
Sincerely,
Richard F. Meyer, Esq.