10 Ways the Elderly Can Avoid Financial Abuse
Increased dependency due to illness, disability or cognitive impairments can make seniors susceptible to financial abuse. Here are some steps seniors or their loved ones can take to prevent financial abuse.
How Likely Are You to Need Long-Term Care?
Planning for retirement and deciding whether to buy long-term care insurance would be a lot easier if you knew your odds of needing long-term care, as well as at what age and for how long. Unfortunately, there’s no definite answer. On the other hand, some statistics do provide a bit of guidance.
Your Right to Refills If Medicare Drops Coverage of Your Drugs
Medicare prescription drug plans can change which drugs they cover, leaving you without coverage for a drug you need. Or you may switch plans into a plan that doesn’t cover your medication.
Premiums for New Long-Term Care Insurance Policies Actually Decline in Some Cases
Average costs for new long-term care insurance coverage decreased slightly for some types of policyholders compared to a year ago, according to the 2016 Long Term Care Insurance Price Index.
How Would the Presidential Candidates Change Social Security?
The 2016 presidential candidates have a wide range of proposals, from raising the full retirement age (most of the Republican candidates) to increasing the minimum benefit (Bernie Sanders and Martin O’Malley).
The Benefits and Drawbacks of Buying an Annuity Doubler to Pay for Long-Term Care
As long-term care insurance premiums keep rising and fewer companies are offering policies, seniors are looking for other ways to help pay for long-term care. Annuity “nursing home doublers” have emerged as a new long-term care option.
Can Social Security Benefits Be Garnished to Pay Debts?
If you don’t pay your debts, creditors can get a court order to garnish your wages, but what if your income comes from Social Security? The answer is that it depends on the kind of debt.
Medicare Now Covers Conversations About End-of-Life Care
Medicare has made discussions with health care providers about end-of-life options a covered benefit.
The Hardship Exception to the Medicaid Penalty Period: Rare But Possible
If you transfer assets within five years of applying for Medicaid, you will likely be subject to a period of ineligibility. There is an exception, however, if enforcing the penalty period would cause the applicant an “undue hardship.”
How Your IRA Can Benefit Both Your Heirs and Charity
Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your children.
