Protecting Your Parents’ Assets From Nursing Home Costs
With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’ life savings to pay for the care they need.
With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’ life savings to pay for the care they need.
Continuing Care Retirement Communities (CCRCs) - which offer the entire continuum of care under one roof - are an appealing retirement housing option, but they can be very expensive.
If you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful about giving away money or property.
As the U.S. population ages and life expectancies increase, the need for long-term care is becoming an important consideration for many individuals and families.
Though Medicaid exists to help those who need it, navigating the specifics of what it covers and does not cover can be daunting. Here are highlights on the basics of Medicaid coverage.
As a spouse, you have the option of claiming a Social Security retirement benefit based on your own earnings record or collecting a spousal benefit equal to half of your spouse's Social Security benefit.
In late March 2024, U.S. Sen. Bob Casey (D-PA) introduced the Boosting Benefits and COLAs for Seniors Act. The Act centers on changing the formula that the SSA uses to calculate Social Security benefits for older adults.