Paying for Senior Care

  • Does Medicare Pay for Hospice Care?

    The Medicare hospice benefit provides comfort care for patients who are facing the end of life. Original Medicare will cover hospice services for terminally ill seniors (and their family members) if they meet eligibility requirements.

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  • What Is the Difference Between Medicare and Medicaid?

    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.

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  • Asset Limits for Medicaid Eligibility

    Many people are surprised to learn they can keep several different assets and still 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.

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  • How to Spot Medical Billing Errors and Appeal Health Insurance Claims

    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.

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  • Can a person with Alzheimer's get life insurance?

    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.

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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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  • Medicare Savings Programs Help Seniors Pay Their Premiums

    Beneficiaries who have 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.

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  • Veterans Benefits for Alzheimer’s and Dementia Care

    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.

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  • VA Aid & Attendance Pension Helps Veterans Cover the Costs of Long-Term Care

    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.

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  • How Can My Elderly Parent Qualify for Medicaid?

    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.

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  • Entering a Nursing Home: Will Medicaid Exempt Your Parent's House?

    There are some conditions that impact whether Medicaid “counts” an elder’s home as an asset once they move into a nursing home. Get the facts straight to ensure your primary residence is exempt for Medicaid eligibility purposes.

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  • Hiding Money from Medicaid: Don't Do It

    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.

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  • 7 Steps to Take When an Elderly Parent is Suddenly Hospitalized

    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.

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  • Take the Confusion Out of Buying Medicare Supplemental Insurance

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

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  • Tips for Caregivers Who Are Managing A Senior’s Investments

    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.

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  • Understanding Senior Living Options

    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.

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  • Medical Marijuana for Seniors: Weighing the Risks, Benefits and Out-of-Pocket Costs

    Cannabis is a hot topic among elders who are weary of prescription drugs and seeking alternatives for managing symptoms like pain and anxiety. But medical marijuana isn’t for everyone—there are medical, legal and financial implications to consider.

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  • Filial Responsibility Laws and Medicaid

    Filial responsibility laws in some states hold that adult children may be liable for their parents’ unpaid medical and nursing home bills. Learn your responsibilities in paying an impoverished parent’s long-term care costs.

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  • Affordable Options for Lab Tests and Medical Imaging

    For seniors who are uninsured or who have a high deductible health care plan, lab work and imaging services can be extremely costly. Fortunately, there are cheaper options available that rely on self-pay rates instead of health insurance.

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