Paying for Senior Care

  • How to Pay for Independent Living

    Understand how retirement communities differ from other senior living options and learn how various assets, income sources and benefits can cover the costs of living in an independent senior community.

    8 Comments
  • Medicaid or Medicare: Who Pays for Nursing Home Fees?

    The high cost of a nursing home stay can overwhelm seniors and their family members very quickly. Depending on the circumstances, Medicare, Medicaid or both programs may be used to cover nursing home expenses.

    1 Comment
  • How to Pay for In-Home Care

    Learn how Medicaid, Medicare, long-term care insurance, and veteran’s programs can help pay for senior care at home.

    27 Comments
  • How to Spot Medical Billing Errors and Reduce Out-of-Pocket Expenses

    Medical billing errors are surprisingly common, and it is up to you to be diligent about understanding your health insurance coverage and correcting inaccuracies. Know what red flags to look for and how to handle errors before you pay the bills.

    4 Comments
  • How to Get Paid as a Caregiver for Elderly Parents

    Family caregivers are vital to helping seniors age in place, but the care they provide often comes at a huge personal cost. Fortunately, there are an increasing number of resources and government programs that pay family caregivers for their services.

    219 Comments
  • Using a Reverse Mortgage Loan to Age in Place

    A reverse mortgage loan is one option that may deserve consideration as retirement needs grow and savings and Social Security benefits may not be enough to retire on comfortably and with confidence.

    0 Comments
  • Find Care & Housing
  • Understanding the VA Home Care Program

    Did you know that home care services are part of the VA’s standard health care benefits package? Learn how veterans and their caregivers can access the homemaker and home health aide services they are entitled to.

    26 Comments
  • Does Medicare Pay for Home Health Care?

    Home health care services and skilled therapy are covered by Medicare, but patients must meet 4 specific criteria in order to be eligible.

    6 Comments
  • How to Set Up a Miller Trust for Medicaid Eligibility

    A senior’s income and assets must fall below certain limits to qualify for long-term care Medicaid. “Income cap” states allow applicants to use a Miller Trust to help them meet income eligibility guidelines.

    1 Comment
  • Long-Term Care Insurance: How to Use a Policy and File a Claim

    Use this checklist to learn about an aging loved one’s long-term care policy and the information needed to file a claim for long-term care insurance benefits.

    1 Comment
  • Comparing End-of-Life Care Options

    Hospice, palliative care, home-based care, hospital-based care and long-term care facilities are all viable end of life care options. Compare end of life care types, where they are provided, the benefits offered and how these services are paid for.

    3 Comments
  • Helping A Loved One Enroll in Medicare: Where to Start?

    Understand the enrollment options and the basics of the Medicare system to save you and your family a great deal of money on healthcare costs.

    0 Comments
  • Medigap Plans: When Do They Make Sense?

    A medigap plan can save you money if you'll be undergoing surgery, are at risk for health issues or plan to travel outside of the United States.

    4 Comments
  • How to Sign Up a Loved One for Medicare

    Individuals enroll in Medicare during a period called “Initial Enrollment” that begins three months before the month they turn 65. During this time there are many decisions that need to be made.Take the time to explore the all coverage options under this program and how they work together.

    0 Comments
  • Personal Care Agreements: A Must for Caregiver Compensation and Medicaid Planning

    Caregivers often spend their own time and money looking after aging family members. A personal care agreement is a great tool for tracking your contributions, ensuring you’re fairly compensated and safeguarding your loved one’s Medicaid eligibility.

    34 Comments
  • Needs-Based VA Benefits Get New Eligibility Rules

    2018 updates to VA eligibility rules use net worth limits, spend-down restrictions and a lookback period to determine eligibility for benefits like the basic veterans pension, aid & attendance pension and survivors pension.

    82 Comments
  • What You Should Know About Medicare Part D Plans and the Notorious “Donut Hole”

    Not everyone will experience this expensive lapse in coverage but understanding how Medicare covers prescription drugs is crucial for choosing the right plan and minimizing out-of-pocket costs.

    5 Comments
  • Hospital Observation Status Can Be Financially Devastating for Seniors

    When a senior is hospitalized, it’s crucial to find out whether they’ve been admitted as an inpatient or registered as an outpatient under observation. This governs whether Medicare will cover their hospital bills and care in a skilled nursing facility.

    9 Comments
  • 4 Key Things to Know about Trusts and Medicaid Planning

    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.

    7 Comments
  • Top 5 Strategies for Protecting Your Money From Medicaid

    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.

    23 Comments
  • 1 2 3 4 5
Subscribe to
Our Newsletter