Ohio NAELA News
Welcome to the news blog of the National Academy of Elder Law Attorneys Ohio Chapter. Here we share news related to Elder Law, Estate Planning, Probate and Special Needs Planning, Veterans Benefits and more — for the benefit of our Chapter members, and the general public seeking more information about Elder Law.
Here’s how much to put in your 401(k) each month to retire with $2 million
From CNBC — Experts often recommend saving up $1 million before you retire. But for many people, even $1 million may not be enough, thanks in part to longer life expectancies and disappearing pensions. For those looking to give their retirement plan a...
Medicare Advantage Plans Overbill Taxpayers By Billions Annually, Records Show
From NPR — Health insurers that treat millions of seniors have overcharged Medicare by nearly $30 billion over the past three years alone, but federal officials say they are moving ahead with long-delayed plans to recoup at least part of the money. Officials have...
Reliance on Social Security near record high
From USA Today — This coming August, we'll be celebrating Social Security's 84th anniversary since it was signed into law by Franklin Roosevelt. Over its nearly 84 years of existence, more than 79 of which have included payouts to retired workers, it's kept countless...
Veterans Affairs OKs ‘Ketamine-Like’ Drug Despite Cost, Misgivings
From Forbes — In June, the Department of Veterans Affairs chose to approve the use of a new, expensive anti-depressant despite concerns about the drug's effectiveness, and a backdrop of political speculation about the president's involvement. The drug, called...
US long term care market expected to reach $737.1B by ’26
From PR Newswire — The U.S. long term care market size is expected to reach USD 737.1 billion by 2026., registering a 7.5% CAGR during the forecast period. The market is expected to be driven by rising incidence of chronic disorders in U.S., which can be attributed to...
Why it’s important to say something if a relative exhibits signs of Alzheimer’s
From The Washington Post — When Tatiana Lagos’s father stopped driving, she didn’t think much of it at first. “He’d say, ‘Hey, can you pick me up?’ ” Lagos recalled of her father, who was in his early 60s and had recently retired from a career in international law....
Veterans to get expanded access to private doctors at VA expense starting Thursday
From USA Today — WASHINGTON – Veterans will have expanded access to medical care outside Department of Veterans Affairs facilities beginning Thursday under a law signed by President Donald Trump last year and touted as a major achievement by Trump on the campaign...
10 Things to Know About Medicare Part D Coverage and Costs in 2019
From KFF.org — The Medicare Part D program provides an outpatient prescription drug benefit to older adults and people with long-term disabilities in Medicare who enroll in private plans, including stand-alone prescription drug plans (PDPs) to supplement traditional...
A new way to pay for the single biggest expense in retirement
From Market Watch — Older Americans increasingly opt for ‘continuing care at home’ plans or join programs that foster community support. After surviving cardiac arrest in 2013, Martin Faga left the hospital to begin his recovery at home. It didn’t go smoothly. “It...