November 2016

U.S. Dementia Rates Are Dropping Even as Population Ages

Despite fears that dementia rates were going to explode as the population grows older and fatter, and has more diabetes and high blood pressure, a large nationally representative survey has found the reverse. Dementia is actually on the wane. And when people do get dementia, they get it at older and older ages. 

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Distributing Family Heirlooms

Attorney Barbara Boone McGinnis explains how a written memorandum can help you simplify the distribution of personal property in your estate.

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A Primer on Medical Homes, Accountable Care Organizations, and Bundled Payments

Medical Homes. Accountable Care Organizations. Bundled Payment Systems. If you haven't heard these terms before, stay tuned. You're likely to hear more about them in the future because they're all cited as ways to reform Medicare's payment and health care delivery processes. This engaging report from Kaiser Family Foundation provides an excellent overview of all three. 

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Original Medicare vs Medicare Advantage Plans

As Medicare Open Enrollment draws to a close (it ends on Monday, December 5), if you haven't made your coverage decisions, now is the time. If you're wondering how Original Medicare compares to Medicare Advantage Plans, Public Benefits Specialist Berkley Crain is here to explain the difference. 

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Thanksgiving holiday often reveals the truth about aging parents' health

If you left your parents' home worried after Thanksgiving, you're not alone. This is the time of year when many adults realize that their aging parents aren't doing as well as they thought they were. 

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Thanksgiving Wishes

May the good things of life be yours in abundance today and throughout the coming year.

Happy Thanksgiving from Elder Law Practice of Timothy L. Takacs.

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Medicare Open Enrollment Tips & FAQs

As Medicare Open Enrollment continues, Medicare Specialist Bonnie Woodard answers common questions, offers tips, and shares some surprising facts about prescription drug costs. 

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What is the Medicare Part D Late Enrollment Penalty?

If a person on Medicare doesn’t enroll in a Medicare Part D prescription drug plan when first eligible, the person will have to pay a penalty (higher premium) when he or she does enroll UNLESS he or she has “creditable coverage” or fits in one of the exceptional circumstances. 

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What is Social Security?

Wondering about Social Security? This infographic explains the basics.

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VA Q & A

Attorney Barbara Boone McGinnis answers common questions about VA benefits, including the difference between VA pension and disability benefits, changes to gift tax amounts, presumptive service conditions, and updating beneficiary designations.

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Hospice Care & Palliative Care: What's the Difference?

Hospice care and palliative care both focus on providing comfort while addressing symptoms, and both may be used near the end of life. However, there are important differences. This video explains more.

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John Hancock Withdrawing From Long-Term Care Market

John Hancock Financial, owned by Manulife Financial Corp., a Canadian firm, is pulling out of the long-term care insurance market this December. What will this mean for people looking for ways to pay for long-term care?

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2017 Medicare Parts A & B Premiums and Deductibles Announced

The Centers for Medicare & Medicaid Services (CMS) have announced the 2017 premiums for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs.

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Family Caregivers Honored in November

In honor of National Family Caregivers Month, Elder Law Practice of Timothy L. Takacs, PLLC salutes the millions of family members, neighbors, and friends who provide care and support for their loved ones during times of need. With profound compassion and selflessness, these caregivers sustain American men, women, and children at their most vulnerable moments, and through their devoted acts, they exemplify the best of the American spirit.  

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November 11 is Veterans Day

In honor of Veterans’ Day on November 11, Elder Law Practice of Timothy L. Takacs salutes the millions of men and women who have helped protect our uniquely American way of life.  

 

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Medicare Open Enrollment Tips & FAQs

Medicare Open Enrollment is in full swing. If you're just now starting to consider your options, keep these tips and FAQs in mind. 

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Takacs Recognized by 2016 Mid-South Super Lawyers Magazine

For the tenth year in a row, Hendersonville attorney Timothy L. Takacs has been recognized as one of the leading attorneys in the region by Mid-South Super Lawyers Magazine. Only the top five percent of attorneys in Arkansas, Mississippi and Tennessee receive this honor. 

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Tim Takacs answers viewer questions on OpenLine

Tim takes viewer calls on a variety of elder law topics including paying for care in a nursing home or assisted living facility, the difference between Medicare and Medicaid, common mistakes families make when caring for elderly loved ones, and more. 

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Sidestepping Senior Scams

Senior citizens are targeted more frequently by financial fraudsters and scam artists than any other age group. What can you do to make sure you--or someone you love--aren't bilked by a scammer?

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Communicating with a dementia patient

What's the best way to interact with a loved one who has dementia? Elder Care Coordinator Pati Bedwell offers a few simple tips. 

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Is it really cheaper to stay at home?

Many older adults, some of whom might ultimately be better served living in a retirement community setting, say that one of the reasons they want to stay in their own home is because it is less expensive. Although this is true in many cases, it is important to know that the actual cost-savings may not be as big as you think because the vast majority of those who choose to stay in their home rely on assistance from unpaid family caregivers.

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