Page 19 - The Jewish Voice - May '22

The Jewish Voice, Page 19

Lifestyles from page 18 Institute care navigator is there for patients from diagnosis • If you’re married and file jointly: If you and your
to discharge, and patients who receive more complex spouse have a combined income between $32,000 and
Complex Cancer Care with treatment at Tampa General can follow up with their local $44,000, you may be taxed on up to 50 percent of your
physician upon returning home.
benefits. If your combined income is more than $44,000,
Compassion and World-Class COMPREHESIVE, INNOVATIVE CANCER CARE up to 85 percent of your benefits may be taxable.

These numbers might seem high, but they don’t mean

Our collaborative team includes renowned physicians,
Outcomes oncologists, radiologists, surgeons, nurses, pathologists, you’ll lose 50 percent, or 85 percent, of your benefits –
and other professionals who work together to provide the they are just the percentages of benefits you may be taxed
Tampa General Hospital’s Cancer Institute enhances elite best outcomes. on, at your personal income tax rate.
cancer care access in the Palm Beaches, with nationally Our personalized treatment plans are built with To help avoid a big tax bill or an underpayment
recognized oncologists and health care Ambassadors who artificial intelligence and genetics to create cutting-edge, penalty, you can file Form W-4V with the Social Security
make navigating treatment seamless. customized treatments and our team offers a highly Administration and request to have 7, 10, 12, or 22 percent
coordinated range of multidisciplinary specialties and of your monthly benefit withheld. Your tax advisor can help
advanced subspecialties, including: you choose the withholding percentage that’s appropriate
Specialties: for your situation.
• Breast cancer The amount of taxes you may need to pay will also
• Gynecologic cancer depend on when you start taking Social Security. The
• Colorectal and GI cancer earlier you take benefits, the smaller your monthly checks,
• Head and neck cancers and the smaller the taxes. But taxes should not be a key
• Hematologic malignancies issue in deciding when you need to begin collecting your
• Lung cancer payments. Rather, you should consider other factors, such
• Neuro-oncology as your anticipated life expectancy, your employment
• Skin cancer situation, your spending needs, and the benefits for your
• Liver and hepatobiliary oncology spouse.
• Genitourinary (reproductive system and genitourinary Here’s something else to keep in mind: Because
As a preeminent academic medical center, Tampa tract) Social Security taxes are based on your overall income,
General Hospital and USF Health Morsani College For more information or to schedule a consultation, as described above, the amount of money you withdraw
of Medicine provide highly specialized surgeries and please call (561) 644-0125 or visit TGH.org/cancer. during retirement, and where that money comes from, can
treatments unavailable at most hospitals – the kind of also affect your tax situation. For example, withdrawals
advanced care cancer patients need when facing a major Financial Focus from a traditional IRA are taxable and will increase your
health crisis. This expertise has earned TGH recognition adjusted gross income, but withdrawals from a Roth IRA
from U.S. News & World Report in the nation’s Top 10 Don’t Be Surprised by Social Security Taxes will be tax-free, provided you’ve had your account at least
percent of hospitals for cancer care and one of the nation’s five years and you’re over 59 1/2, so this money won’t
best hospitals in five medical specialties. By Sally Sima Stahl enter into your taxable income calculations and it won’t
“As a research and academic hospital, TGH is at When you reach the increase the tax you owe on your Social Security benefits.
the forefront of the latest cutting-edge techniques and appropriate age, it’s easy Similarly, withdrawals from health savings accounts
treatments,” said TGH President and CEO John Couris. to apply for Social Security (HSAs) used for qualified health expenses also won’t count
The Cancer Institute at TGH hand-selected the retirement benefits – just go toward your taxable income.
country’s top cancer specialists, surgeons, and research to Social Security’s website, By knowing exactly what to expect from Social
scientists to work in multidisciplinary teams, expertly fill out the online form, and Security, including the tax effects, you can more effectively
handling complex cancers of all kinds. As one of you’re essentially done. But incorporate your benefits into your overall retirement
Florida’s only cancer centers backed by academic many people overlook the income planning – and the better your plans, the more
medicine, TGH offers patients access to more clinical next step – completing Form you’ll be able to enjoy your life as a retiree. This article
trials, groundbreaking technologies, and emerging cancer W-4V, which asks you how was written by Edward Jones for use by your local Edward
treatments. Most importantly, patients’ personal journeys much federal income tax Jones Financial Advisor, Edward Jones, Member SIPC.
are compassionately guided by a care navigator dedicated you want withheld from your benefits. And if you skip Edward Jones is a licensed insurance producer in
to keeping patients supported and informed. this step, you could face an unpleasant surprise when it’s all states and Washington, D.C., through Edward D.
EXPERTISE DELIVERED WITH CONVENIENCE tax-filing time, because Social Security benefits can indeed Jones & Co., L.P., and in California, New Mexico and
TGH cancer experts collaborate with local physicians add to your taxable income. Massachusetts through Edward Jones Insurance Agency
to provide seamless, comprehensive treatment. When Here are the details: of California, L.L.C.; Edward Jones Insurance Agency of
patients are referred to TGH, the hospital’s East Coast • If you’re a single filer: If your “combined” income New Mexico, L.L.C.; and Edward Jones Insurance Agency
Ambassadors guide them and their families through the is between $25,000 and $34,000, you may have to pay of Massachusetts, L.L.C.
process, providing “white-glove service” to schedule income tax on up to 50 percent of your Social Security Edward Jones, its employees and financial advisors
appointments and set up travel to the hospital. benefits. (“Combined” income includes your adjusted cannot provide tax advice. You should consult your
Patients at Cancer Center of South Florida (with offices gross income, non-taxable interest, and one-half of your qualified tax advisor regarding your situation.
in Palm Beach Gardens and Palm Springs) and Gastro annual Social Security benefits.) If your combined income Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
Group of the Palm Beaches are already experiencing is more than $34,000, up to 85 percent of your benefits 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
this convenience and efficiency. Once at TGH, a Cancer may be taxable.
Cardiac Nurse Navigator
Home Health Care Guides Patients, Families

Through Treatment
You Can Trust! Heart conditions can be

chronic, meaning there is
Committed to Compassion no specific treatment option
Striving for Excellence that can fix the problem right
away. If you or a loved one
Serving Responsibly were recently diagnosed

Affordable Care with heart disease, you may
find yourself wondering
24 hours a day what to do next. There is a
7 days a week lot to keep up with, from
follow-up appointments to
imaging tests to treatment/
OUR SERVICES counseling coupled with new
• Personal Care (Bathing, Grooming, Toileting, medications, diet, and exercise regimens.
Hygiene, Feeding, Dressing, and Ambulation) Trying to keep it all straight can be a challenge, and
• Non-Medical Care that is where we come in! When receiving care at the Heart
• Companionship and Vascular Institute at Palm Beach Gardens Medical
• Meal Preparation Call Today! Center, our cardiac nurse navigator can help. We are proud
to introduce Kelly Bates, RN. Kelly has over 25 years
• Medication Reminders of experience as a cardiac nurse, and she, along will all
• Transportation Services (561) 888-9443 of the members of the cardiac care team, is available to
• Grocery Shopping and Errands guide patients on every step of their journey. She can help
• Light Housekeeping and Laundry Mention SEABREEZE and receive a discount! explain the tests, procedures, and medications that were
• Assist with Exercises prescribed. As the cardiac patient navigator, her role is to
provide guidance through the hospital process, reviewing
• Assistance Upon Discharge from Hospital or Rehab Follow us on what is involved in a particular patient’s diagnosis, as
• Safe transfers and Injury prevention well as the reason for the tests and potential treatment
• Anyone with Disabilities gracehomecarefl@gmail.com options. She supports and enhances the comfort levels of
• Dementia/Alzheimer’s Care www.gracehomecarefl.com patients and their families with the information that they
Lifestyles on page 20