“Tax Advantaged Strategies to Help Clients Plan for Long-Term Care,” by Daniel F. Rahill, CPA Practice Advisor “Fortunately, the Internal Revenue Code includes several tax strategies that may help your clients better prepare for the potential costs of long-term care—here are three to consider.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Click through for the details.     Subscribe to GoldenCare News  
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“Alzheimer’s drug Leqembi has full FDA approval now and that means Medicare will pay for it,” by Matthew Perrone, AP “U.S. officials granted full approval to a closely watched Alzheimer’s drug on Thursday, clearing the way for Medicare and other insurance plans to begin covering the treatment for people with the brain-robbing disease. The Food and Drug Administration endorsed the IV drug, Leqembi, for patients with mild dementia and other symptoms caused by early Alzheimer’s disease. It’s the first medicine that’s been convincingly shown to modestly slow the cognitive decline caused by Alzheimer’s. … Alzheimer’s patients and advocates have been lobbying the
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“Alzheimer’s drug Leqembi has full FDA approval now and that means Medicare will pay for it,” by Matthew Perrone, AP “U.S. officials granted full approval to a closely watched Alzheimer’s drug on Thursday, clearing the way for Medicare and other insurance plans to begin covering the treatment for people with the brain-robbing disease. The Food and Drug Administration endorsed the IV drug, Leqembi, for patients with mild dementia and other symptoms caused by early Alzheimer’s disease. It’s the first medicine that’s been convincingly shown to modestly slow the cognitive decline caused by Alzheimer’s. … Alzheimer’s patients and advocates have been lobbying the
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  “State factsheet not helpful for long-term-care crisis,” by Elizabeth Hovde, Washington Policy Center “A factsheet from the state about WA Cares, the state’s new program for a long-term-care benefit that many people will never be eligible to receive, is misleading and irresponsible. It could add to the financial crisis the state sees headed its way when it comes to helping people with their long-term care. … Encouraging people not to use their savings for life needs and to instead rely on other taxpayers — some with far fewer resources — is irresponsible and won’t bring the state the most desirable result: people
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  “Americans pay $17.5 billion to support parents in a year,” by Kathleen Steele Galvin, McKnight’s Senior Living  “Americans provided $17.5 billion to support their parents in 2020, according to the US Census Bureau. More than half (53.9%) of parental support providers made payments to one parent, and 40.8% made them to two parents. Almost as many adults provided voluntary parental support to parents in 2020 as those who made mandatory child support payments — 4.3 million and 4.4 million, respectively. That’s not to say the dollar amounts were comparable, however, the bureau said. American’s paid significantly more in child support
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