Paying for Senior Care Articles

  • How to Pay for Long-Term Care

    Families often struggle to find funds for their loved ones’ care, but adequate planning and awareness of all available options can make a world of difference in paying for long term care.

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  • How to Pay for Independent Living

    Learn how to pay for independent living by utilizing the financial resources available to you and your elderly loved one.

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  • 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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  • 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.

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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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  • 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.

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  • Veterans Can Receive VA-Covered In-Home Care

    Home care services are part of the VA’s standard healthcare benefits package. Learn how veterans and their caregivers can obtain the homemaker and home health aide services they are entitled to.

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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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  • Long-Term Care Insurance: How To Use a Policy and File a Claim

    LTCI is a complex product, and family caregivers are often unaware of the specifics of a senior’s policy. Use this checklist to learn about coverage and the information needed to file a claim for benefits.

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  • Comparing End-of-Life Care Options

    When a loved one is nearing the end of their life, it can be difficult to know what kind of care to arrange for them and where. Hospice, palliative care, home-based care, hospital-based care, and long-term care facilities are all viable options.

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  • Another Perspective on Applying for Medicaid

    Longer lifespans and rising health issues may mean your savings will not last throughout the end of your lifetime. Many middle class American seniors are considering applying for Medicaid to help with these expenses.

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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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  • Should You Consider Long-Term Care Insurance?

    Long-term care insurance (LTCI) is one option for ensuring that you will be able to afford long-term care should you need it. This kind of product provides coverage for types of care that Medicare, Medicaid, and traditional health insurance do not.

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  • 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.

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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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  • Needs-Based VA Benefits Get New Eligibility Rules

    Beginning 10/18/2018, the VA will use new guidelines, such as 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.

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