If you have never looked into the subject of long-term care and the costs that go along with it, you are about to obtain some very important information. In this blog post, we will explain why Medicaid planning is something that should definitely be on your radar. Limitations of Medicare If you work and pay taxes for at least 10 years, or if your spouse has done this, you will qualify for Medicare when you reach the age of 65 under currently existing laws. This health insurance program for … [Read more...] about Recognize the Importance of Medicaid Planning
Never let it be said that our lawmakers have no capacity of time management, especially when it comes to getting bills passed into law. There aren’t many veterans and their families who take advantage of the Aid and Attendance benefits that are part of the Department of Veterans Affairs, but those who do say it’s crucial to ensuring their quality of life. Unfortunately, there could be problems ahead for the means tested program. The Aid & Attendance Benefits Timeline Several years ago, … [Read more...] about Changes Ahead for VA Aid & Attendance Benefits?
Just because the stereotype portrays today’s elderly American as docile, rocking chair bound and cookie-baking grandmas and grandpas, it doesn’t mean it’s accurate. Surely, some – if not most – of us look forward to the day we can retire, slow down our pace and reacquaint ourselves with the concept of relaxation, but for others, it’s all about making a statement. If that “statement” happens to make the international news, well, then, all the better. Such as the case with Sister Megan Rice. In … [Read more...] about Elderly Activism?
In what should have resulted in a robust turnout among the nation’s lawmakers actually became testimony about Alzheimer’s disease being delivered to just two senators. Seth Rogen, a Hollywood actor, director and producer who’s starred in several films, testified in front of the Senate Committee on Appropriations about the rising costs of Alzheimer’s disease and to ask what the committee intended to in order to provide better funding. One look at the statistics reveals why so many Americans are … [Read more...] about Disappointing Turnout for Alzheimer’s Testimony
Many of our elder clients have been asking us in recent months: what can I expect in terms of healthcare over the next few years? This is a tough question because of the many dynamics associated Medicaid and other benefit programs. Further complicating matters are the ongoing problems with the Vermont Health Connect, which continues to fall incredibly short in what it delivers. Vermont was one of just 14 states that opted to design and build its own website and health care … [Read more...] about Is Telemedicine the Solution for America’s Healthcare Disaster?
There’s much to be concerned about when it comes to healthcare and the nation’s elderly. The nation as a whole, and certainly Vermont residents, feel cornered because of all of the many changes, proposed changes and players in the healthcare game. There are simply too many unanswered questions and confusion over the various programs as a whole. For Vermont seniors and elderly, the stakes were just raised. If nothing else, the current goings-on are a reminder of just how important estate planning … [Read more...] about VT Seniors: Secondary Coverage or Second Class Citizens
It’s like going to the casinos and dropping your last $20 on a game of Poker – we kid ourselves into thinking we’re going to be one of the lucky ones and overcome the odds. The same holds true with long term care planning: we’re in denial and sure that we will never need it. Some won’t, but as we continue to live longer, the fact is, the odds increase the older we become that we will need some kind of long term care. So why aren’t we preparing ourselves? New Long Term Care Survey PBS conducted … [Read more...] about Americans Woefully Unprepared for Long Term Care
Many Americans are retired, but also are able to carry health insurance through their former employer’s retirement only insurance plans. Until recently, it was a significant benefit for those who might not be preparing for their “elder years” but who were also no longer working full time. You know: those golden years when life falls into place, the grandkids are the only priority and enjoying life without budgeting the pennies is no longer the reality. After all, this is our reward for working … [Read more...] about Between Retirement and Elder Years
Assisted living is known by a number of terms – alternatives to nursing homes, senior living, senior residences, personal care village, retirement community – each state has its own variables and regardless of what it’s referred to as, it offers a solution that many families can appreciate. So is this nursing home alternative right for your loved one? Keep reading as we explore assisted living, its benefits and potential pitfalls. The first obvious benefit is that it allows your senior or … [Read more...] about Is Assisted Living Right for Your Loved One?
Medicare, the federal health program that covers more than 50 million Americans over the age of 65 or those who are younger but with permanent disabilities, will have to shift with the changing healthcare landscape in the U.S. Not only that, but Medicare is crucial for retirement security for more than 22 million women who are older than 65 or who have lower incomes and who also have chronic health issues than their male counterparts. More than half of those who receive Medicare are women. … [Read more...] about Women and Medicare: A Look Forward