The world of Trusts can be a confusing topic. You may have heard a friend talk about their Trust at a dinner party and wondered to yourself if you should have a Trust as well. Perhaps your parents had a Trust, and you are wondering if you should be following in their...

Medicare is a valuable health insurance program for many Americans, especially those aged 65 and older. However, many might not be aware of an additional cost that can arise under certain circumstances: IRMAA (Income-Related Monthly Adjustment Amount). IRMAA is an extra charge added to Medicare Part B and Part D premiums for...

A health savings account may help you save money on medical expenses, depending on your insurance type. If you are eligible, you can use your health savings account (HSA) to cover certain medical costs, according to HealthCare.gov.

Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of...

As we near retirement, we may assume that once Medicare kicks in, our medical insurance premiums will be fixed. However, many people may not realize that there are special rules regarding how much they pay for Medicare Parts B and D if they are in a higher income range.

An Irrevocable Trust is one option a person may consider to protect their assets from MassHealth and nursing homes or long-term care expenses.

An Irrevocable Trust is created during your lifetime. The primary goal of the Trust is to receive assets you transfer to it so that MassHealth will...

The Centers for Medicare & Medicaid Services (CMS) has released the 2023 federal guidelines for how much money the spouses of institutionalized MassHealth recipients may keep, as well as related MassHealth figures.