| Readmission into a Nursing Home Facility |
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| A nursing home resident may need to leave the facility for any number of reasons such as hospitalization, family visits, or other types of therapeutic leave. Nursing homes have policies governing bed reservations or "bed holds" in the event that a resident has to leave the facility. More... |
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| Housing - Federal Public Housing Programs - § 231 Housing Mortgage Insurance For The Elderly |
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| The § 231 program provides low-interest, fixed-rate mortgage loans to housing developers for either construction or rehabilitation of rental units occupied by the elderly or the handicapped. More... |
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| Secondary Payer Program |
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| There are times when a person's health services may be covered both by Medicare and by another type of insurance, such as group health insurance, workers' compensation, or automobile insurance. In these cases, Medicare provides only secondary coverage, meaning that the other insurance is primarily liable on the claim. More... |
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| Prepaid Legal Service Plans |
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| More and more, prepaid legal service plans are offered to help consumers access legal services at a reduced cost. These plans are often described as a form of insurance because a monthly premium is typically paid in exchange for the right to receive some forms of legal services free and others at a reduced fee. More... |
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| Nonqualified Annuities |
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| A nonqualified annuity is purchased outside of an employer-provided retirement plan. After-tax dollars are used to fund a nonqualified annuity, so contributions are not deductible from gross income for income tax purposes. Taxes on interest or earnings in a nonqualified annuity are deferred until withdrawal. In a lump-sum distribution of a nonqualified annuity, the monies may be transferred into an IRA or similar vehicle to defer taxes additionally. Only a portion of a monthly annuity payment is taxed because each payment is partially principal that has been taxed and partially interest earned. The portion of the monthly payment that is excluded from taxes is determined by an exclusion ratio. The exclusion ratio is the total amount of premiums paid divided by the total expected payment amounts. If the expected return is based on a life expectancy or joint life expectancy, the Internal Revenue Service has tables and multipliers that are used to determine the total expected return. If the expected return is not based on a life expectancy, the total expected return is the sum of all amounts to be received. More... |
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