Aging parents can qualify for long-term care assistance primarily through government programs like Medicaid, which is the largest payer for long-term care services in the United States. To qualify, they must meet both non-financial and financial eligibility criteria that vary…
Seniors who own a home often worry about whether their property might put their Medicaid eligibility at risk, especially when they need long-term care like nursing home services. The relationship between homeownership and Medicaid eligibility is complex but understanding the…
Medicare does provide coverage for certain aspects of dementia care beyond age 80, but it does not cover all types of dementia-related care, especially long-term custodial care. Medicare coverage is primarily based on medical necessity and specific eligibility criteria rather…
Older adults do spend a significant portion of their Social Security income on healthcare, but the extent and nature of this spending are more nuanced than it might first appear. While healthcare costs are indeed a major expense for many…
Seniors today are increasingly finding themselves working longer than previous generations, and a significant reason behind this trend is the shrinking of traditional retirement benefits. The landscape of retirement has shifted dramatically over recent decades, influenced by changes in Social…
Social Security plays a crucial role in supporting aging adults financially, but whether it can keep them above the poverty line is a complex and evolving issue. While Social Security provides a foundational income for millions of older Americans, recent…
Medicare Advantage plans often offer a different approach to healthcare for seniors compared to Original Medicare, and this difference can be particularly significant for the oldest seniors. Whether Medicare Advantage provides better care for this group depends on several factors…
Rising drug prices pose a significant and growing threat to seniors on Medicare, impacting their ability to afford essential medications and maintain their health. For many older adults, prescription drugs are a critical part of managing chronic conditions such as…
Medicare is beginning to cover some of the newest Alzheimer’s treatments, but the landscape is complex and evolving as these therapies are very recent and come with significant considerations. One of the most notable advances is the FDA approval of…
Seniors over the age of 85 do **not receive smaller Social Security checks simply because of their age**. Social Security benefits are calculated based on your earnings history, the age at which you start claiming benefits, and adjustments for inflation,…