Paying for Senior Care

There are many types of trusts that can help protect your assets from Medicaid. Here's a brief overview of the things you need to know when setting up a trust for Medicaid planning purposes.

Many seniors must apply for Medicaid to afford long-term care. Here are strategies families can use to protect some of their assets while still qualifying for financial assistance with nursing home costs.

As a couple, facing the financial and emotional requirements of long-term care is a challenge. Here are the four steps to successful long-term care planning with a spouse.

Proper Medicaid planning is crucial when it comes time to pay senior care costs. Here are some common mistakes people make when trying to plan for Medicaid.

Permanent and term life insurance have many differences and fit very different needs. It's important to understand both types to find the right coverage for you and your family.

Differences between assisted living and independent living include supportive and medical care, amenities, costs, and residential spaces.

There are life insurance options available for seniors, but finding the right policy can be tricky.

The Compassionate Allowances (CAL) program allows individuals with certain medical conditions to receive determinations for SSDI and/or SSI in a matter of weeks instead of months.

Seniors with limited income and assets must often use a spend-down strategy to qualify for Medicaid, but gifting can trigger a penalty period of ineligibility. Learn about Medicaid asset transfer rules to avoid problems with paying for long-term care.

Money paid for advance funeral planning can be an exempt expense under Medicaid rules. Learn more about how preplanning a funeral can help you qualify for Medicaid.

Unsure about how you will be able to cover long-term care costs? Learn how to convert life insurance to long-term care services without jeopardizing your Medicaid eligibility.

Medicare pays for senior rehabilitation in a skilled nursing facility, but only for a limited time and under certain circumstances. Be aware of Medicare’s rules for rehab coverage to avoid costly surprises.

Seniors are pitched the benefits of a reverse mortgage as a way to "unlock" the equity in their home. However, what happens when they need a higher level of care, can no longer live in the home or try to qualify for Medicaid?

The goal of the Medicaid estate recovery program (MERP) is to recoup all the money that Medicaid spent on a senior’s care. Learn how MERP works and what families can do to minimize the impact of the recovery process.

Reading explanation of benefits statements is an ongoing task for caregivers who help elderly parents with their healthcare and finances. Use this guide to understand your EOB statements when reviewing your parents' medical insurance bills.

Medicare Advantage Plans are another way for seniors to receive Original Medicare and additional benefits like vision, dental and hearing coverage. Learn more to see if a Part C plan might be a good fit for you or your aging loved one.

Discover strategies for selecting the best Medicare Advantage plan for you during Medicare's Annual Election Period, which runs from October 15, 2015 until December 7, 2016.

Understanding your health insurance benefits—and those of your loved one—is crucial for ensuring that you both make the most of your coverage and do everything possible to keep yourselves healthy.

For seniors who are living with hearing loss, devices like hearing aids can facilitate communication, boost their confidence and desire to socialize, and increase overall quality of life. Unfortunately, hearing aids are often paid for out of pocket.

Medication issues are common among seniors and can have several different underlying causes. Use these simple solutions to help an aging loved one consistently manage their medications and prevent dangerous mistakes.