Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or older do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives.
These legal…
Today, more than 18 million American military veterans are living in the United States. To address the needs of this population, the U.S. Department of Veterans Affairs (VA) has expanded health, education, home loan, and other veteran benefits over the…
Even if you have a long-term care insurance policy, you may likely be hoping that you won’t ever have reason to use it. Regardless of what the future holds, there’s one silver lining of which you may not be aware.
More than 65 million seniors across the country benefit from Medicare, a government health insurance program.
When Does Medicare Start?
At age 65, you become eligible for Medicare if you are a U.S. citizen. You do not have to wait until you…
Qualifying people with disabilities can accumulate savings in a tax-free ABLE account without risking their means-tested public benefits. In 2024, the annual limit on how much money one can deposit into these accounts will rise to $18,000 per year.
Gift cards are popular gifts, but they can cause problems for recipients who receive Supplemental Security Income (SSI). Consider a few things when it comes to purchasing a gift card for a person with special needs who relies on this public benefit.
Each fall, the Centers for Medicare & Medicaid Services (CMS) renews the federal guidelines that seek to protect individuals whose spouses are applying for or receiving Medicaid long-term care benefits.
These protections, known as the Spousal Impoverishment Standards, help to support…
If you have a child with a disability, providing for them into the future will likely stand among your top priorities. However, if you also wish to apply for Medicaid to cover your own long-term care expenses, first consider establishing…
About 45 percent of adults say they plan to travel for the holidays, per The Vacationer.
With multiple generations getting together for holiday meals, gift exchanges and quality time, these annual gatherings present an opportunity to broach sensitive but important topics with…
Despite the considerable level of stress that can come with serving as a unpaid caregiver, a new study now suggests that taking care of a loved one may in fact lead to increased longevity among older women.
The findings, published…
