Paying for Long Term Care

As a financial planner for the elderly, one of the issues that I am frequently confronted with is the spending down of the inheritance to pay for the high...Read entire article »

Medicare is the federally administered health insurance program for people sixty-five years of age and older, certain disabled people under sixty-five years of age, and people with end-stage renal disease....Read entire article »

Alternatives to Medicaid are available in some states. Click here for more information. Medicaid is a federally aided, state-operated program that provides medical care for certain low-income individuals and...Read entire article »

Managed care policies fall under Medicare Part C. These policies were originally designed to provide all of the medical services and supplies offered by Medicare, plus additional benefits such as...Read entire article »

One variation on Managed Care plans that acts as a Medicaid alternative is the nationwide PACE program. The San Francisco-based On Lok program that provides housing, long-term care and programming...Read entire article »

The Department of Veterans Affairs (VA) offers a benefits package that provides hospital and outpatient medical care and treatment. VA's priority system ensures that veterans with service-connected disabilities and...Read entire article »

Private insurance companies sell LTCI policies to offset the costs of long-term care. LTCI, like all insurance policies, requires premiums to help recipients avoid paying large sums later on...Read entire article »

Medigap, also known as Medicare Supplemental Insurance, is a health insurance policy sold by private insurance companies that fills the gaps that Medicare fails to cover, such as coinsurance,...Read entire article »

Planning for long-term care is complicated. Each person's needs are unique; therefore, the cost of long-term care varies greatly. Some social and physical assistance is available for free or at...Read entire article »

On Monday, the New York Times ran a great story about Medicare Advantage Plans. Medicare Advantage Plans are a type of health plan sold by private insurance companies. The...Read entire article »

What Is A Reverse Mortgage A reverse mortgage is a unique financial tool that allows seniors to access the equity in their homes. The reverse mortgage loan requires no monthly...Read entire article »

How does a reverse mortgage work? A reverse mortgage allows seniors to access their home's equity. Lenders pay the homeowner—and the homeowner has no payments due as long as...Read entire article »