Plan Ahead Before Seeking Nursing Home Care: Avoid Unnecessary Debt for You and Your Family
Unfortunately, neither health insurance nor Medicare covers long-term care. Medicaid could become your only option, so do what you can to plan ahead.
Selling Your Life Insurance Policy to Help Cover Expenses
The National Council on Aging reports that more than 16.5 million adults 65 and older experience economic insecurity. Rising housing and health care bills can also burden seniors on fixed, limited incomes.
Medicaid Estate Recovery and Medicaid Payback Rules
Under Medicaid law, following the death of the Medicaid recipient a state must attempt to recover from his or her estate whatever benefits it paid for the recipient's care.
When Does Someone Need Financial Guardianship?
When individuals cannot manage their finances, courts can appoint guardians. Financial guardianship is for those who need help handling money.
Factors to Consider When Planning for Retirement
We all dream of the day when we can retire. Planning can be done no matter what your age, but experts encourage people to start as early as possible. Retirement planning can seem like a daunting endeavor for many people…
In an Age of COVID, Meditation Has Many Benefits
Around the world, COVID-19 continues to be a traumatic event. Previously unthinkable challenges, unwanted changes, and devastating losses of loved ones became all too common. Whether you call it meditation, yoga, prayer, spirituality, contemplative or philosophical thought, meditative practices can…
Being There for a Loved One Who Is in a Nursing Home
The effects of the Coronavirus pandemic have made advocating for your loved one in a nursing home more critical and complex than ever. Both residents and staff in nursing homes and other long-term care facilities are disproportionately affected by COVID-19…
Considerations for Long-Term Care Insurance
In order for the elderly and disabled to receive the personal and health support they need, long-term care insurance can be the solution. However, it is important to understand long-term care insurance before the time comes when the benefits are…
The Hidden Costs of Dementia and How It Affects Families
There are direct and indirect costs associated with Alzheimer’s and other related dementia diseases policymakers have to consider. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month…
The Elderly Affected by Data Breaches
Data breaches have unfortunately become a common occurrence, with the Capital One data breach, for example, compromising 100 million Americans. But what hasn’t been receiving much major media coverage are the recent breaches affecting seniors. One such breach occurred last…