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Archive for the ‘Financing Senior Care’ Category
Friday, November 25th, 2011
Aid and Attendance Benefit Helps Veterans, Spouses Pay for Senior Care
During the holiday season, our wonderful veterans often come to mind. After all, one of the many things we have to be thankful for in America is our freedom.
So it seems like an appropriate time to talk about a pension benefit many veterans don't...
Tuesday, November 22nd, 2011
At What Age Should You Buy Long-Term Care Insurance?
There's a lot of talk about long-term care insurance these days—and a lot of questions to go with the chatter.
In a recent article, Forbes gives some interesting answers to a few of those questions. For example: At what age should you buy...
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Friday, November 4th, 2011
More People Funding Retirement With Reverse Mortgage: Good Idea?
Traditionally, we think of a reverse mortgage as a last resort for older people, perhaps to help pay for senior care or an accessibility remodel. According to the news organization Reuters, however, that profile has faded. Many people are now taking...
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Thursday, November 3rd, 2011
Senior-Care Prices Rise in 2011: Here’s How Much You’ll Pay
Every year, people bemoan how much senior care costs. And every year, the rates go up.
According to MetLife Mature Market Institute's recently released annual survey, 2011 is no different—for all but home care. Here are the average prices you...
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Wednesday, November 2nd, 2011
CLASS Act Dead: No Long-Term Care Insurance From U.S. Government
The CLASS Act, a controversial piece of health-care reform, is pretty much officially dead, according to The New York Times.
The Community Living Assistance Services and Support program was going to be long-term care insurance from the...
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Thursday, February 10th, 2011
Medicare chief says healthcare law helping elderly
By Donna Smith for Reuters
President Barack Obama's chief of health programs for the elderly and poor on Thursday said the year-old U.S. healthcare overhaul was reducing Medicare costs and called a push by congressional Republicans to repeal the...
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Thursday, February 10th, 2011
Changes to Medicare
By Paula Span for The New York Times
Even as the federal courts kick around the new health care law, certain improvements for Medicare recipients are nonetheless under way.
Dr. Donald Berwick, administrator of the Centers for Medicare and...
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Thursday, February 10th, 2011
Arizona seeks to remove 280,000 adults from Medicaid coverage
By Doug Trapp for American Medical News
Arizona Gov. Jan Brewer has formally asked the Dept. of Health and Human Services for permission to end Medicaid coverage for 280,000 adults beginning on Oct. 1. Brewer said the cuts are needed to help...
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Thursday, February 10th, 2011
How to choose a continuing care retirement community
What exactly is a Continuing Care Retirement Community (CCRC)? A CCRC provides a continuum of care for seniors from independent living in a cottage or apartment, to assisted living to memory care or skilled nursing care. Also, as a resident’s...
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Wednesday, January 5th, 2011
U.S. Alters Rule on Paying for End-of-Life Planning
By Robert Pear for The New York Times
The Obama administration, reversing course, will revise a Medicare regulation to delete references to end-of-life planning as part of the annual physical examinations covered under the new health care law,...
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Wednesday, January 5th, 2011
Seniors Scam Seniors
By Jason Zweig and Mary Pilon for The Wall Street Journal
A grim category of crime is on the rise: senior-on-senior financial fraud.
According to regulators and prosecutors, there has been a significant increase recently in the number of cases...
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Thursday, December 16th, 2010
Few seniors have long-term care insurance
By Michelle Andrews for The Los Angeles Times
People don't like to think about what will happen if they become too ill or infirm to manage on their own. Experts say that partly explains why sales of long-term-care insurance policies are so...
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Tuesday, December 7th, 2010
When the Assisted-Living Bill Balloons
By Patrick Egan for The New York Times
This fall, my father sat down for a semi-annual assessment with staff members at his assisted living facility in Tinton Falls, N.J. They decided his condition — at 72, he has advancing Parkinson’s...
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Tuesday, December 7th, 2010
Another Insurance Company Has Stopped Selling Long Term Care Insurance
By Fred Yager for Consumer Affairs
MetLife announced this week that it is joining a number of other insurers in discontinuing the sale of long-term-care insurance after paying out significantly more in claims than expected.
MetLife, which is...
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Tuesday, November 23rd, 2010
Long-term care insurance worries Baby Boomers
By Sandra Block for USA Today
Long-term care insurance is supposed to protect seniors and their families from the soaring costs of nursing home and home-based health care. Increased use of long-term care insurance would also reduce the burden on...
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Thursday, November 18th, 2010
Deal to postpone doctors’ Medicare cut
By Ricardo Alonso-Zaldivar for The Washington Post
Lawmakers have struck a deal to postpone until early next year a massive cut in Medicare pay for doctors.
A senior congressional aide said the agreement Thursday among key Democratic and...
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Thursday, November 18th, 2010
Panel Calls For Medicare Thrift To Reduce Debt
By Phil Galewitz and Jordan Rau for National Public Radio
What's the latest strategy to reduce the nation's debt? Tough health care love from Congress. A panel of high-profile Republicans and Democrats on Wednesday recommended that Medicare...
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