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Benefits For Seniors
Depletion of your relative's savings and inability to afford quality housing and healthcare will be a constant concern for both you and your elderly relative. Use the checklist below to determine whether you and your relative are taking advantage of the numerous benefits available to seniors.
Is your relative eligible to receive social security payments?
If so, are those payments being made?
Was your relative's deceased spouse eligible to receive social security payments?
If so, are those payments being made?
Is your relative eligible to receive Supplemental Security Income (SSI)?
If so, are those payments being made?
Is your relative eligible to receive Veterans benefits?
If so, are those payments being made?
Is your relative taking advantage of all of the tax advantages available to the elderly?
Are you taking advantage of claiming your elderly relative as a dependent for tax purposes?
If you are taking care of your relative, are you claiming a tax credit for dependent care?
Is your relative receiving Medicare benefits for medical treatment?
Is your relative eligible for Medicaid?
If so, are those benefits being received?
If your relative is low income, but not eligible for Medicaid, is he eligible under the Qualified Medicare Beneficiary program?
If so, are those benefits being received?
Does your relative need a Medigap Insurance policy? (If your relative is on Medicare and not eligible for Medicaid, in order to protect against the depletion of your relative's assets by medical expenses, you will probably want to purchase a good medigap and long term care policy.)
Can your relative afford long-term care insurance?
Can your relative take advantage of a reverse mortgage?
Does your state offer property tax credits or deferral programs for elderly homeowners?
Does your state offer elderly homeowners with funds for home repair?
If you have any questions regarding any of the above, please contact us at 678-593-3000 or email info@ausbandlaw.com .
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