Senior Debt Articles

  • How to Put an Elderly Loved One on a Budget

    Putting an elder on a budget can be tricky, especially if they rely on a fixed income. Learn how to evaluate their assets and expenses and develop a monthly budget.

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  • Are adult children responsible for the medical bills of their parents?

    As parents age and require increased levels of care, adult children offer wonder if they are responsible for payment of their parents medical bills and increasing debt.

  • 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.

  • 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.

  • 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.

  • Filial Responsibility and Medicaid

    Many adult children and caregivers are concerned about how their parents' debts will be handled once they pass. For parents who are in long-term care facilities, there may be some states where children might be responsible for their bills.

  • Credit Card Strategies for Retirees

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

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  • 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.

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