Paying for Senior Care Articles

  • Medicaid versus Medicare: Who Covers Nursing Home Costs?

    While both Medicare and Medicaid may cover all or part of the costs of a nursing home stay, there are important differences to the rules. Determine which program will pay for your aging loved one's stay in a skilled nursing facility.

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  • How to Pay for In-Home Care

    Use this guide to explore all your options, such as insurance coverage, benefits and out-of-pocket sources, that can be used to pay for home care.

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  • Will Medicare or Medicaid pay for a nursing home for someone who has advanced Alzheimer's?

    Medicare will only pay for 100 days in a nursing home, even if the elder has Alzheimer's disease. Medicaid does not have a time limit, but seniors need to meet eligibility requirements to qualify.

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  • How Can I Get Paid for Being a Family Caregiver?

    Programs and assistance vary widely by state and individual circumstances, but some financial help may be available for family caregivers who are looking to offset the costs of providing care for an elderly loved one.

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  • 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.

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  • How to Use a Miller Trust for Medicaid Eligibility

    Qualifying for Medicaid coverage is a complex process that involves making sure a senior’s income and assets fall below certain levels. “Income cap” states allow applicants to use a specific kind of trust to help them meet these eligibility guidelines.

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  • Adding a Geriatric Care Manager to your Elder Care Team

    Geriatric care managers are an elder care resource that many caregivers may not even be aware of. Learn how your family could benefit from adding a GCM to your care team and how to find one who is a good match for your senior care needs.

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  • 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.

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  • 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.

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  • When to Apply for Medicaid

    Medicaid can help with long-term care costs, but eligibility is determined by a combination of many factors. The rising cost of care makes planning in advance a priority when considering paying for senior care costs.

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  • Top 5 Strategies for Protecting Your Money from Medicaid

    Many aging adults must apply for Medicaid in order to afford long-term care. Here are some strategies for preserving some of your wealth while qualifying for financial assistance.

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  • 4 Steps for Successful Long-Term Care Planning With a Spouse

    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.

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  • The Top 8 Medicaid Planning Mistakes People Make

    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.

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  • Key Differences Between Independent Living and Assisted Living

    In order to find the best fit for an aging loved one, it’s important to understand what types of housing and care are available and how they compare.

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  • A Prepaid Funeral Plan Should Be Part of Your Medicaid Spend-Down

    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.

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  • How to Use a Life Insurance Policy to Pay for Long-Term Care

    Unsure about how you will be able to pay for elder care? Learn how to convert your life insurance policy into a Medicaid-qualified asset.

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  • How to Pay for Assisted Living

    Most people pay assisted living fees out-of-pocket, but there are several options for paying for assisted living that you should be aware of.

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  • Assets You Can Have to Still Qualify for Medicaid

    What assets can you have and still qualify for Medicaid? Can your parents keep their house? Their car? Here are asset limits and guidelines for people who are applying for Medicaid and aren't sure what they qualify for.

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  • VA Pension Provides Veterans with Supplemental Income

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

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  • Assisted Living Questions and Answers

    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.

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