| Annuity Payout Options |
| An annuity contract includes provisions for paying out benefits to the annuitant or beneficiary. There are many payout options available. Generally, a portion of each annuity payment is income; thus, federal income tax applies. More... |
| Pet Trusts and Alternatives for Pet Care |
| Many elderly Americans want to ensure that, after they die, their pets are adequately cared for and supported. Some states explicitly allow pet owners to set up trusts for this purpose. However, even in states that do not allow pet trusts, some alternatives are likely available to accomplish a similar result.More... |
| Social Security - Disability Benefits |
| Workers aged 50 to 65 may be eligible for Social Security Disability benefits (SSDI) if they cannot perform any substantial gainful activity due to health impairments and they are not eligible for full Social Security retirement benefits. The advantage of pursuing SSDI benefits is that the monthly benefit often exceeds the amount the worker would have received by retiring early. SSDI is only available for long-term disabilities, which are those that have lasted at least 5 months and which are expected to continue at least one year or to end in death. More... |
| MEDICAID BENEFITS FOR NURSING HOME CARE |
| All citizens of the United States are eligible to receive Medicaid benefits. Certain "qualified aliens" as defined under 8 U.S.C.S. § 1641 are also entitled to Medicaid benefits. States are authorized to determine the eligibility of a "qualified alien." More... |
| Secondary Payer Program |
| There are times when a person's health services may be covered both by Medicare and by another type of insurance, such as group health insurance, workers' compensation, or automobile insurance. In these cases, Medicare provides only secondary coverage, meaning that the other insurance is primarily liable on the claim. More... |


