Paying for Senior Care

There are many considerations to take into account when buying a long-term care insurance policy. Make a better long-term care insurance purchase and save money after taking a look at these factors.

Medicaid and Medicare have similar names and are often confused, but they are very different. Learn about the differences between these two programs to ensure your aging loved one gets the health care coverage they need and qualify for.

Many people are surprised to learn they don’t have to get rid of all their assets to qualify for Medicaid. A clear understanding of Medicaid resource limits and rules will help you devise the best legal and financial planning strategy for your situation.

Reports estimate that between 75 and 80 percent of medical bills contain errors that cost patients and caregivers thousands of dollars. Learn how to prevent these billing mistakes and dispute them with health care providers and insurance companies.

Life insurance coverage is not typically offered for elderly who have been diagnosed with Alzheimer's before they turned age 75. However, there are many factors that can affect the underwriting decision for a life insurance applicant who has Alzheimer's.

Learn how a tax-free monetary benefit from the VA can help financially needy veterans make ends meet.

Considering assisted living? When it comes time for a senior to find and transition into assisted living, caregivers and family members have lots of question. We've compiled common questions about finding, paying for and moving to an ALF.

Beneficiaries with limited income and resources may qualify for help paying Medicare premiums and other out-of-pocket health care costs. Learn how MSPs could save a senior hundreds or even thousands of dollars a year.

Veterans with Alzheimer's disease or other forms of dementia may be eligible for certain benefits and services from the U.S. Department of Veterans Affairs (VA). Some current and surviving spouses of veterans may qualify for limited VA support as well.

A tax-free monetary benefit from the VA can help low-income veterans who require the aid and attendance of another person pay for care services in their own homes and in residential settings like assisted living facilities and nursing homes.

Find out how annuities play into Medicaid planning for your elderly parents. It may seem hard to believe that annuities can help the elderly qualify for Medicaid - yes, Medicaid. This is sometimes called the "Half-A-Loaf" approach, and in certain cases, it can be a lifesaver for those who need the help the most.

It depends. Certain conditions impact whether Medicaid “counts” an elder’s house as an asset once they move into a nursing home. Get the facts straight to ensure your loved one’s primary residence is protected.

Hiding assets by not reporting them to Medicaid is illegal and considered fraud against the state. However, there are a number of legal techniques for protecting your parent's assets so that they pass to you.

When an elderly loved one winds up in the hospital, things happen so quickly that it can leave family members overwhelmed by their new roles as advocates and caregivers. Take these 7 steps to quickly get organized and better manage their care.

Medicare Insurance supplements liked Medigap and Medicare Advantage for your elderly parents.

Many family caregivers are granted the power to manage an aging loved one’s finances, and this often includes handling an elder’s investment decisions. While this can be a daunting task, these pointers can help guide you.

In addition to wisdom, aging brings changes that can make staying in a cherished home difficult, if not impossible. As an older adult’s care needs change over time, so will their senior housing options.

Many types of health benefits and insurance, including VA health benefits, Medicaid, and Medicare, will cover some or all of palliative care services at home.

When a senior loved one is receiving palliative care at home, different parts of Medicare will cover different items and services.

Long-term care at home provides seniors the opportunity to age in place. Various care options and financial support programs are available to assist.