Senior Citizens Face Loss of Buying Power, Study Shows
Inflation affects all consumers, but older Americans are facing an especially dramatic loss of buying power.
Inflation affects all consumers, but older Americans are facing an especially dramatic loss of buying power.
People are living longer than previous generations in the US and around the world, so many of us will need long-term care in the future. It’s estimated that seven out of ten Americans will need long-term care during their lives.…
In the United States, Medicaid provides comprehensive health insurance as well as financial protection for millions of Americans. The program helps low-income families, individuals, and people with disabilities receive adequate health care and provides nursing home or community long-term care…
Whether you struggle to pay premiums for a long-term care policy or monthly bills from a nursing home, the demand for affordable long-term support services in America has increased dramatically. The US Department of Health & Human Services (HHS) finds…
The Inflation Reduction Act was signed by President Biden on August 22, 2022. It reforms various sectors of the economy, including Medicare prescription drug costs. Many seniors take multiple prescription drugs and use Medicare to help pay for them. Their…
Low-income seniors with limited assets and income are eligible for Medicaid, a state-federal program that makes healthcare more affordable. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true in…
If you believe you won't qualify for long-term care benefits under Medicaid's strict income and asset limits, think again. Medicaid waivers for in-home care are available for those who meet health eligibility rules for nursing home facility services. To determine…
The majority of people will need long-term care at some point in their lives, so it's critical to plan ahead. In spite of the inability to predict the timing and level of care, we can take steps to prepare for…
Medical emergencies are stressful enough, but when massive bills arrive despite your insurance coverage, the pain may continue. Imagine, for instance, that you had emergency surgery. In addition to the surgery bill, you received a massive bill from the anesthesiologist…
In order to make the most of your estate and government benefits, several factors need to be addressed before turning 65 years old. Overall the most crucial thing to do before turning 65 is to invest your time wisely crafting…