Senior Debt

  • How to Put an Elderly Loved One on a Budget

    Budgeting can be tricky, especially for seniors on fixed incomes. Learn how to help an aging loved one evaluate their personal cash flow and develop a monthly budget they can actually follow.

  • 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 senior’s care. Learn how MERP works and 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 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.

  • 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.

  • Credit Card Strategies for Retirees

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

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

    Medicaid isn’t in the business of “taking” seniors’ homes. But when a nursing home resident on Medicaid dies, the state may seek repayment by filing a claim against their estate, which usually includes exempt assets like their primary residence.

  • 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.

  • 10 Secrets Elderly Parents Keep from Their Families

    Older adults often conceal or downplay things like falls, money troubles, elder abuse and car accidents so they can continue living independently. Most family members only learn of these longstanding issues once they're too severe to hide.

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