How to Reduce Medicare Surcharges When Your Income Changes

Q.  My wife and I are being charged extra for Medicare Part B and prescription drug coverage premiums, apparently based upon our higher income in years past. Beginning last year, our income dropped significantly. Is there way to get the surcharges removed? A.  Yes, if you can link the reduction in income to a “life… Read More »

Debt Relief For Low Income Seniors

Q.  My wife and I have about $10,000 in credit card debt that we struggle to pay each month. Our incomes are very modest and all from Social Security and my work Pension. Is there any way that we can legally avoid paying this debt without dire consequences? A.  Very likely, yes. Generally speaking, income… Read More »

Property Tax Loan Program Helps Seniors and Disabled Remain In Their Homes

Q. Our property taxes are due soon and we worry that we may not be able to pay them, as my wife and I had large care expenses this year. Are there any programs that we might turn to for help? A. Yes. California lawmakers have reinstated a program called the “Senior Citizens and Disabled Citizens… Read More »

Unique Long-Term Care Policy Offers Asset Protection

Q. While shopping for long-term care insurance, I heard something about a special kind of policy that offers asset protection by coordinating with Medi-Cal. Do you know anything about that? A.  Yes, you refer to the California Long-Term Care Partnership Plan. California was one of the first states in the country to put together a… Read More »