What You Should Know About the Medicare Tax

You may have seen the Medicare tax listed on your paycheck stubs or your income tax return filings and wondered what it is. To learn more about what it is and what it pays for, continue reading. What is Medicare Tax? Medicare is a federal public benefits program providing medical benefits to individuals over 65 and […]

The Costs of the Rising Cost of Long-Term Care

Do you have a family member receiving some form of long-term care? If you don’t, the chances are good that someday you will – and that day may not be too far away. As the U.S. population ages and life expectancies increase, long-term care is becoming an essential consideration for many individuals and families. Long-term […]

What to Do When Medicare Denies Coverage

         When Medicare declines to cover your medical needs, the denial can leave you with an expensive medical bill. If Medicare refuses to cover your care, do not assume this means you will have to take on the financial burden. As a beneficiary of Medicare, you have the right to appeal the denial. There are […]

New Rental Assistance Rule May Open Benefits to More Seniors

The Social Security Administration (SSA) has published a final rule simplifying and expanding its rental subsidy program for Supplemental Security Income (SSI). The new rule, Effective September 30, 2024, will likely allow more people to qualify for SSI. In addition, some current SSI recipients may see an increase in their monthly benefit amount. The rule […]

Elder Financial Abuse by Family Caregivers

Older adults lose an estimated $20 billion each year from financial abuse by family, friends, and caregivers. In many cases, the perpetrators of elder financial abuse are not strangers but trusted individuals, often family members. When victims discover exploitation, they can face challenges navigating complex interpersonal relationships. A recent webinar hosted by the National Center on […]

Understanding Medicaid: What Does Medicaid Cover?

In the complex and frequently changing landscape of health care in the United States, Medicaid stands out as a vital program. Since 1965, it has provided essential coverage to millions of low-income individuals and families. Alongside Medicare, Medicaid serves as a lifeline for those who may otherwise struggle to afford health care services. Though Medicaid […]

Be Aware of the Dangers of Joint Accounts

         Many believe that joint accounts are an excellent way to avoid probate and transfer money to loved ones. While joint accounts can be helpful in certain circumstances, they can have dire consequences if not used properly. Adding a loved one to a bank account can expose your account to the loved one’s creditors and affect […]

Promoting Healthy Aging During Financial Literacy Month

         April marks Financial Literacy Month, an excellent time to improve your financial literacy. Gaining financial savvy can help you handle the challenges and complexities of aging. Although sometimes overlooked, financial literacy is a critical component of aging well. It promotes economic freedom, helping you afford care and housing as you age. Understanding money matters also […]

Survey Highlights High Costs of Long-Term Care in 2023

You may not foresee ever needing assistance with your day-to-day life. However, research shows that seven in 10 adults aged 65 and older will require long-term care at some point in their later years. Meanwhile, the U.S. population continues to age rapidly. Americans aged 65 or older are on track to total 82 million in the next […]

11 Questions to Ask an Elder Law Attorney

         Elder law encompasses a wide range of legal matters that affect older individuals. Attorneys who practice elder law advocate for seniors and execute legal plans to assist them in living better lives. Their expertise may encompass estate planning, retirement planning, Social Security planning, and long-term medical care planning. This specialty of the legal profession […]