Families and individuals with low incomes can get health insurance through Medicaid. However, because of the steep costs associated with long-term care, Medicaid planning is a growing trend for individuals with higher net worth as an alternative to spending down…
Senior consumerism is evolving into a market centered on wellness and solutions at an affordable price. Improving and maintaining greater physical and mental health lifestyles through proactive and preventative measures is increasing. For seniors to thrive and flourish in retirement,…
In addition to self-monitoring medical devices, telehealth, and smart homes, the internet of things and technological advancements enable many older Americans to stay in their homes longer and live more safely. Elder law and at-home medical technology uses can intersect…
Guardians or conservators usually take care of adults with developmental disabilities who are incapable of making important decisions or caring for themselves. Establishing a legal guardian is the job of the court, which appoints a person (guardian) to make personal…
There are astronomical costs associated with nursing home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if…
It’s unpleasant to think that a traumatic event or a chronic illness might incapacitate you. People are unfortunately affected by this every day. With this knowledge, many people like to prepare in advance for the kind of treatment they want…
As banking and bill-paying become more challenging as one ages, incapacitation by accident or sudden disease can occur to anyone at any age, creating the same difficulties. Incapacity is not just about mental cognition, accident, or illness. You may have…
Medicaid savings protections were created by Congress 30 years ago. These protections prevent husbands and wives from bankrupting themselves trying to fund care for their loved ones. They originally required states to allow spouses of nursing home residents to maintain…
The elderly population of the U.S. frequently uses multiple prescription medications concurrently, known as polypharmacy. The more medications a person takes, the higher the risk of dangerous drug-drug interactions and the increased possibility of inappropriate prescribing, adverse drug reactions, hospitalization,…
Insolvency risks threaten Medicare and Social Security, according to a government report. Social Security will have to start spending down, potentially including massive cuts in payments to recipients by 2035. Likewise, Medicare will be forced to leave patients on the…
