Eagle & Fein - June 2020

GAME ON! 3 Platforms for Competing Online and Crushing Your Fitness Goals

Through smartphone apps like Words With Friends and 8 Ball Pool, you can compete against your loved ones from virtually anywhere, and creators in the fitness world have taken notice. Now, a number of virtual fitness programs offer the same level of friendly competition along with the satisfaction of completing your fitness goals. Below are three platforms to get you started!

various wellness goals. You can also challenge your friends and family to place bets and stay motivated together. All the money is placed into a pot, and when you complete your goal, you get your money back. Some users say they’ve even made a profit! Search for DietBet, StepBet, and RunBet in your app store and get started.

VIRTUAL RUN EVENTS

FITOCRACY

With all the excitement of a footrace and no crowd to deal with, Virtual Run Events brings 1-mile, 5K, 10K, half-marathon, and full marathon races to you. Racers choose a distance to run around their neighborhood, on the treadmill, or at the park, and their friends and family compete in the very same races wherever they happen to be. As a bonus, proceeds from a number of these events also support nonprofit organizations. Visit VirtualRunEvents.com to sign up for a race and lace up your shoes wherever you are.

Calling all gamers! This is the fitness platform just for you. Invented by gamers, Fitocracy tracks fitness achievements and rewards users as if they were playing a video game. With quests, badges, and multiplayer gaming options, you’ll be motivated to work hard for your goals. Connect with new online friends or invite your loved ones to join you on Fitocracy. It doesn’t get much better than dueling friends or family in a classic one-on-one wellness competition! Learn more at Fitocracy.com.

DIETBET, STEPBET, AND RUNBET

Looking for a little extra motivation to meet your health and fitness goals? Try involving money and a little friendly competition. DietBet, StepBet, and RunBet ask each user to place monetary bets on their ability to achieve

3 Things to Remember About Medicaid Planning

You’re likely familiar with the ins and outs of estate planning and learning more about it every day. However, in our years of working with people plotting out their retirement strategies and end-of-life scenarios, we’ve found one particular facet of the process is often overlooked, even by professionals: Medicaid planning. WHAT IS MEDICAID PLANNING? To put it succinctly, Medicaid planning is the structuring of an individual’s income and assets to assure their eligibility for Medicaid benefits. If a person’s assets exceed the limits of Medicaid, for example they will need to deplete those assets in a way that will not violate the Medicaid eligibility rules. Eligibility requirements vary from state to state, and the federal government also sets its own limits on enrollee assets and income, so it can be a tricky process. WHO QUALIFIES FOR MEDICAID? As we mentioned above, a person must meet strict financial guidelines to qualify for Medicaid. On top of that, they have to fit within one of the plan’s coverage categories.

In general terms, Medicaid coverage is available to older adults, the disabled, low-income children, pregnant women, and adults in families with dependent children. HOW DOES MEDICAID IMPACT MY CLIENTS? Medicaid planning can be a useful tool for people who’ve been recently injured or for those who have lost their homes or jobs and are in precarious financial positions with children to support. During this pandemic, many more Americans fit into these categories than before. Also, Medicaid and Medicare can be good compliments to a retirement plan, because Medicare, for example, will cover the cost of a nursing home, but only for a limited time and under very specific circumstances. If you have a client interested in diving deeper into estate and Medicaid planning, it’s vital they enlist an experienced attorney to guide them through the process. Here at Eagle & Fein, we have a team of top- notch Medicaid planners ready to do just that.

2

EagleandFein.com

Published by The Newsletter Pro • www.TheNewsletterPro.com

Made with FlippingBook Ebook Creator