Fact: Most people who work contribute to the Medicare system, but many are either unaware or misinformed about the benefits they can receive when they turn 65. Living comfortably with peace-of-mind about health insurance is important for golden years’ enjoyment. So here’s ...
Prices for long-term care insurance policies have jumped over the past year. Why is LTC insurance skyrocketing, and do you really need to pay such high premiums? No doubt about it—long-term care is expensive. In 2012, the average cost for a nursing home stay was about $88,000 per year...
If you’re responsible for someone in long-term care or suffering from a chronic condition, the latest changes to Medicare policy may mean more opportunities for coverage. For many years, Medicare has denied coverage for therapy costs—and, in some cases, has even terminated treat...
Is forewarned really forearmed when it comes to testing seniors for Alzheimer’s disease, or does knowing the risk of illness increase stress and jeopardize insurance coverage? Alzheimer’s disease is one of the conditions people fear the most when they think about aging—and...
Dealing with money is difficult. Compound interest, complex interest, addition, subtraction, decimals and dollar signs. Are you already dizzy? I am. The stakes are high, too. In today’s society we need money to secure the most basic essentials—even food, water and shelter. It’s easy...
People are living longer these days, so in turn, the cost of aging is rising. Makes sense. When people live longer, government resources and family finances are drained. According to the International Monetary Fund (IMF), people worldwide are living three years longer than expected, o...
By guest blogger: Jeff Anderson Many Americans don’t plan for long-term care needs because they believe Medicare will take care of them. According to NPR, recent polls show that 40 percent of retirees believe that Medicare covers long-term care. Every day, A Place for Mom’s Senior Liv...
