Category: Seniors

Medicare 101: Supplement and Advantage Plans

12/2/2020

by Staff, Porzio Bromberg & Newman, P.C.
Medicare Supplement Plans or Medigap Insurance are designed to cover care not covered by Medicare Parts A and B like co-pays and deductibles, vision care, hearing aids, fitness programs and other benefits. When you have a Medicare Supplement Plan or Medigap Insurance, Medicare Parts A and B are your primary insurance and the Supplement Plan pays some or all of the expenses that Parts A and B do not pay. What kind of Supplement Plans are available?

Medicare 101: What Medicare Does Not Cover

12/1/2020

by Staff, Porzio Bromberg & Newman, P.C.
Medicare coverage is complicated and, as we saw in my blog post Medicare 101: What Medicare is and Who is Eligible, it is composed of several parts. As you consider what parts of Medicare to enroll in, you should be aware of what Medicare covers and what it doesn’t cover. That way, you can plan carefully and be sure you are getting the health insurance and services that you need.

Medicare 101: What Medicare is and Who is Eligible

11/17/2020

by Staff, Porzio Bromberg & Newman, P.C.
It’s often assumed that the benefits from Medicare just happen. People get older, they sign up, and benefits begin to flow. For most of us that’s not true. Maximizing Medicare health benefits in retirement requires education and careful planning. To plan adequately, I counsel clients to begin thinking about Medicare well before they need it and to understand some key principles.

Does Your Grantor Trust Still Make Sense?

10/12/2020

by Porzio Bromberg & Newman, P.C.
What is a Grantor Trust? A “Grantor Trust” is a trust where the person who created the trust (the grantor) continues to pay the income taxes on the trust’s income even though the grantor does not receive any benefit from the trust. A “Non-Grantor Trust” is a separate taxpayer from the grantor and responsible for its own income taxes.

MCCC Blog

Medicare 101: Supplement and Advantage Plans

Medicare 101: What Medicare Does Not Cover

Medicare 101: What Medicare is and Who is Eligible

Does Your Grantor Trust Still Make Sense?

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