5 Simple Steps to Find the Right Senior Care Solution

Suppose youre an early retiree living on a fixed income. In that case, 2026 brings confirmed changes you need to understandespecially around staying under the 400% Federal Poverty Level (FPL) to maintain ACA premium subsidies.The Two Key Updates:Enhanced ACA tax credits will expire after 2025.Congress has now passed legislation letting the expanded premium tax credits (originating in the American Rescue Plan and extended by the Inflation Reduction Act) lapse beginning in 2026.The subsidy cliff returns in 2026. With enhanced credits eliminated, the traditional cutoff at 400% FPL is reinstated, and crossing that threshold could result in the loss of all subsidy eligibility, leading to significant premium increases. What Early Retirees Should Know On-Exchange (Marketplace) Plans:Subsidy eligibility will once again be limited to households at or below 400% FPL. Exceeding that income level in 2026 could mean losing all premium assistance and facing significantly higher costs.Off-Exchange Plans:These are direct-to-carrier, full-price planswith no subsidies or Marketplace involvement. Silver options might offer better pricing directly through the carrier than on the Marketplace.Consider Smart Income Planning:To retain subsidies, many early retirees are working with both their broker and financial advisor to manage how income is recognized throughout the yearsuch as timing withdrawals or shifting income sourcesto remain under the 400% FPL threshold.This is not financial advicejust a reminder to consult trusted professionals. Aligning your retirement income strategy with your healthcare needs can help maintain premium support until you become eligible for Medicare.Why It Matters:Exceeding 400% FPL in 2026 could result in hundreds of dollars more per month in premiums.With no Medicare yet, coverage costs could remain high for years.Thoughtful income planning now can preserve subsidies during your critical early retirement years.Final Thoughts:As an early retiree, planning is essential. Your health coverage and income are deeply interconnected, primarily through 2026 and beyond.To navigate these changes successfully:-Consult both your financial advisor and your health insurance broker-Monitor your FPL percentage annually.-Strategize income timing and coverage decisions together. If youd like to explore your optionsor are curious how this applies to your householdplease feel free to reach out to us at Baker Consulting Services at 724-594-7648.  

Think estate planning is only for the wealthy or elderly? Think again. If you own anything a home, a car, a savings account, even a pet you already have an estate plan. The only question is: Did you create it, or will your state do it for you?When someone passes away without an estate plan, state laws take over, deciding who gets what and when. This legal process may not reflect your wishes. Thats why taking control of your assets through a personal estate plan should be a top priority.At its core, estate planning is about clarifying your wishes and making things easier for your heirs. It ensures your assets are distributed according to your preferences, designates who will make decisions on your behalf if you can't and provides guidance for your care in a medical crisis. Most plans include four key components: A Will This document outlines how your assets should be distributed after your death and names an executor to oversee the process in probate court. It can also designate guardians for minor children. Keep in mind that a will doesnt cover everything certain transfer on death (TOD) accounts and jointly held property may bypass your will entirely. Power of Attorney If you become incapacitated, youll want someone you trust to be able to make decisions on your behalf. A durable power of attorney designates such a person, helping to ensure your bills are paid, your business continues (if you have one) and your wishes are honored. Health Care Directive Sometimes called a living will, this document spells out your preferences for medical treatment if you're unable to speak for yourself. It can also designate someone to make health care decisions for you. Beneficiary Designations Accounts like 401(k)s, IRAs, and life insurance policies transfer directly to the people you name, regardless of what your will says. Its essential to review these beneficiary designations regularly, especially after significant life events such as marriage, divorce, death of a spouse or the birth of a child. One common myth is that a will is all you need. But wills only take effect after death; they dont help if youre alive but unable to make decisions. Another misconception is that estate planning is only for the wealthy. In truth, planning is about more than money its about making things easier for the people you love during difficult times.An effective estate plan can prevent costly legal battles, reduce confusion and give your loved ones a clear roadmap to follow. It also allows you to leave a legacy that reflects your values and priorities.As your life changes, your estate plan should change along with it. Review your documents every few years or after major life events. Its often a good idea to seek help with such reviews. Your financial advisor or attorney can guide you through the process, ensuring your plan fits your unique circumstances.In the end, estate planning isnt just about planning for what happens when you are gone. Its about feeling confident, knowing that what matters most your family, your purpose, your legacy is protected.Chad Choate III, AAMS 828 3rd Avenue West Bradenton, FL 34205 941-462-2445 chad.chaote@edwardjones.com Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation.

When Is Independent Living the Right Choice? 5 Signs Its Time to Consider a Senior Community in Western PA Deciding when to move to an independent living community is a major step for seniors and their families in Western Pennsylvania. Many people wonder: How do I know its time to consider independent living? If youre seeking more freedom, less stress, and vibrant social opportunities, youre not alone. Explore our independent living services in Butler, PA to see how CarePatrol of Western PA can help you make this important decision with confidence. Why the Timing of Independent Living Matters Choosing the right moment to embrace independent living can make all the difference in maintaining your loved ones happiness and well-being. According to industry research, seniors who make a proactive move to independent living communities often enjoy better health, more meaningful friendships, and a renewed sense of purpose. In Western PA, where community spirit runs deep, making this transition at the right time can help seniors continue living life to the fulleston their own terms. 5 Signs It May Be Time for Independent Living Home Maintenance Feels Overwhelming: Yard work, repairs, and daily chores are taking more time and energy, leaving less room for enjoyment. Social Circles Are Shrinking: Opportunities for connection are dwindling, leading to feelings of isolation or loneliness. Safety Concerns Are Increasing: Worries about falls, security, or managing emergencies alone are becoming more common. Desire for More Activities and Amenities: You or your loved one crave a lifestyle with convenient access to fitness, hobbies, and community events. Transportation Is a Challenge: Getting to appointments, shopping, or local outings is becoming more difficult or stressful. How CarePatrol of Western PA Makes Your Transition Easier At CarePatrol of Western PA, we understand the unique needs of seniors in Butler, Cranberry Township, Aliquippa, Beaver Falls and surrounding areas. Our local, compassionate Senior Care Advisors listen to your goals and concerns, then guide you through every step: Personalized Assessments: We get to know you and your preferences to recommend independent living communities that fit your lifestyle. Community Tours: Our Advisors arrange and accompany you on tours of local communities, helping you ask the right questions and feel at ease. Transparent Guidance: We explain all your options clearly, so you can make informed decisions with peace of mind. No Cost to You: Best of all, our senior care advisory services are always at no cost to you and the families we serve. Ongoing Support: From your first inquiry through move-in and beyond, were by your side every step of the way. Frequently Asked Questions About Independent Living in Western PA What is the difference between independent living and assisted living? Independent living is ideal for seniors who dont require daily assistance but want a community lifestyle with amenities and activities. Assisted living offers additional support with daily tasks like bathing or medication management. Can I bring my own furniture and personal items? Yes! Most independent living communities encourage residents to personalize their private apartments to feel right at home. Are meals and transportation included? Many communities offer flexible dining plans and scheduled transportation for errands, appointments, and outingsmaking life easier and more enjoyable. How do I choose the right independent living community? Consider what matters mostlocation, amenities, social opportunities, and future care options. Our Senior Care Advisors provide personalized recommendations based on your unique needs. Ready to Explore Independent Living Solutions? Choosing independent living can open the door to vibrant connections, peace of mind, and a renewed sense of independence. Let CarePatrol of Western PA be your trusted guide in senior care. Explore our independent living options or speak with a local Senior Care Advisor today for guidance at no cost to you.