Dear Friends, Family, & Clients,

We hope you find this edition of our newsletter a great resource on a variety of relevant topics.  

We have included topics related to Social Security Benefits and information about a tax credit you may be owed but did not know about.   We invite you to forward this to your friends or have them sign up to receive their own copy.  


Sincerely,  

Severns & Stinson--Pathfinders in Elder Law
Elder Law News from Severns & Stinson

March 2011
  
Severns & Stinson. P.C.
10293 N. Meridian Street
Suite 150
Indianapolis, Indiana  46290
(317) 817-0300
(317) 817-0302 Fax
In This Issue
Do Not Need to File Income Taxes? An Indiana Tax Refund May Still be Available to You
Getting the Most Out of Social Security Benefits
How to Maximize Your Adult Child's SSI Benefit When Your Child Lives with You
Indiana Medicaid's New "Bed Hold" Policy
Free Medicare Preventive Care Has Kicked In
Consider Putting Gifts to Grandchildren in a Trust
Working with Elder Parents in Planning Financially for their Long Term Care
Quick Links
   
 
 

Attorney Spotlight

Attorney Jeff Stinson will be speaking to the Parkinson's Awareness Association on Tuesday, March 15, 2011 at 7pm.  He will be speaking about Guiding Families Facing Long Term Care.  This meeting will take place at Butler University, Pharmacy Building, Room 309.  Please contact the Parkinson's Awareness Association if you would like to attend.

 


JDS
If you answer yes to any of these questions, Severns & Stinson can help.

-Has a family member been diagnosed with a mentally or physically debilitating disorder such as Alzheimer's, Parkinson's, ALS, stroke or a decline in functional capacity?

-Is a family member isolated due to the recent death of a spouse, or have family that either lives too far away or is too busy to provide adequate care?

-Is a family member soon to be discharged into a care facility or currently receiving in-home care?

-Does a family member have a variety of healthcare providers and need coordination and advocacy for quality care?

-Does a family member seem unusually concerned about costs of medication and services, indicating he or she may be having financial troubles?

-Does a family member have assets that fall between $50,000 and $400,000 - enough to finance a short stay in a care facility but not enough for an extended stay?

-Does a family member have a spouse whose financial needs must be considered in light of a family member's medical condition?
Did you receive this from a friend? 

Do Not Need to File Income Taxes? An Indiana Tax Refund May Still be Available to You by Jeffery D. Stinson 

The State of Indiana provides an income tax credit of up to $100 for an individual or $140 for a couple to elderly Hoosiers under the Unified Tax Credit for the Elderly. This credit is a refundable credit, which means even if the credit exceeds the amount of tax owed, it still results in a refund to those who claim and qualify for the credit. Read on 
Getting the Most Out of Social Security Benefits by Clifton A. Dennis

Along with going to the BMV or dealing with the IRS, going to the Social Security office is one of those things no one wants to do. There are some basic rules to remember when dealing with Social Security. Read on

How to Maximize Your Adult Child's SSI Benefit When Your Child Lives with You    by Jeffery D. Stinson

SSI is a federally-funded needs-based disability program for adults and children. It provides for a monthly cash benefit for the
recipient's food and shelter.  Read on

Indiana Medicaid's New "Bed Hold" Policy 

The Indiana Family and Social Services Administration enacted a new policy, effective February 1, 2011.  If a nursing home resident leaves the facility for a temporary stay in the hospital or
elsewhere for a therapeutic leave that exceeds midnight the day they leave, the resident can request the facility to hold their bed and room for them during their absence.  However, the resident will be responsible for paying the full daily rate.  Medicaid will no longer pay for such "bed holds".  When this happens, the facility should contact the resident (or their POA or Guardian) to determine whether they prefer to have the resident discharged or pay the daily rate during the absence. If you chose not to pay the daily rate, the facility must offer you the next available bed upon your return.  However, the resident may be subject to a new admission assessment and the facility may decline to offer that bed if the admission assessment indicates the resident does not qualify for services. 

Current nursing home residents may have received a notice about this policy change already.  If this policy affects you or your family member, please contact our office to meet with an attorney who can discuss options for dealing with the gap in Medicaid coverage.  

Free Medicare Preventive Care Has Kicked In
 

One of the benefits of the health reform law took effect January 1, 2011: free preventive services for Medicare recipients. Under the law, people with regular Medicare will no longer have to pay a co-pay, coinsurance, or deductible to receive preventive services that are highly recommended by the U.S. Preventive Services Task Force.  Read on 

Consider Putting Gifts to Grandchildren in a Trust  

Gifting assets to your grandchildren isn't just a nice thing to do; it can reduce the size of your estate and the tax that will be due upon your death. While you can make an outright gift, pay health care and school costs directly, or put the money in a custodial account, putting the money into a trust has some major advantages.  Read on 

 Working with Elder Parents in Planning Financially for their Long Term Care

You may be taking care of elderly parents now or looking at that possibility in the near future. According to a report from USATODAY/ABCNews/Gallup Poll, 41% of baby boomers are helping take care of elderly parents by providing personal help or financial assistance or both.  Read on 

About Our Law Firm
Severns & Stinson, P.C. is a law firm focused on the needs of families confronting issues with health care. We have a special emphasis on long term care issues -- an emphasis that has come to be known as "elder law." Our firm consists of five attorneys and two paraprofessionals.
Our services include the following:
  • Asset Protection & Long Term Care Planning
  • Medicaid Planning, Applications and Appeals
  • Medicare Consultation and Advocacy
  • Estate Planning 
  • "Making It Last"™ - Supplemental Needs Trusts and Asset Protection for Persons with Disabilities
  • Response Team Building - Wills, Trusts, Powers of Attorney, Health Care Declarations and Other Advance Directives
  • Guardianships and Probate Administration
  • Patients Rights and Care Advocacy.
Severns & Stinson. P.C.
10293 N. Meridian Street, Suite 150
Indianapolis, Indiana 46290
317.817-0300