Senior Debt

  • How to Put an Elderly Loved One on a Budget

    Budgeting can be tricky, especially for seniors who are living on a fixed income. Learn how to help your loved one evaluate their assets and expenses and develop a monthly budget they can actually follow.

    1 Comment
  • Are Adult Children Responsible for Their Parents’ Debt?

    Many adult children are unaware of their parents’ financial situation until they step in to help manage money or begin the probate process. If you find that a parent has racked up some debt, it’s normal to wonder if you may be on the hook for repayment.

    33 Comments
  • Medicaid Estate Recovery: Long-Term Care Benefits Aren’t Necessarily “Free”

    The goal of the Medicaid Estate Recovery Program (MERP) is to recoup all the money that Medicaid spent on a beneficiary’s care. Learn what families can do to minimize the impact of the recovery process.

    89 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.

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  • Filial Responsibility Laws and Medicaid

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

    10 Comments
  • Medical Billing Advocates Can Save Caregivers Time, Money and Effort

    The world of hospital bills and insurance claims can be confusing, but medical billing advocates are specially trained to help patients and their families make sense of all their paperwork and save money by detecting costly billing errors.

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  • Credit Card Strategies for Retirees

    Discover tips for how to manage credit card debt during retirement.

    1 Comment
  • Can Medicaid Take a Senior’s House to Pay Their Nursing Home Bill?

    Medicaid covers residential skilled nursing care for low-income seniors who qualify. However, upon the death of a Medicaid recipient, the state may seek repayment of its outlays for the senior’s long-term care.

    43 Comments
  • How to Handle a Shopaholic Senior

    When an aging loved one is making excessive and unnecessary purchases—especially ones they cannot afford—it’s time for a family caregiver to step in.

    11 Comments
  • 10 Secrets Elderly Parents Keep from Their Families

    There all kinds of “secrets” that seniors may keep from their loved ones, such as falls, spending habits, elder abuse and car accidents. What should you do if you discover that Mom or Dad is hiding something that could endanger their welfare?

    7 Comments
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