Housing options and the associated costs are among the top priorities for many seniors. Today, the housing market is unpredictable, while many seniors currently living independently may also have concerns about continuing their lifestyles. Moving to an independent...
Nursing home residents on Medicaid generally must pay all their income, minus certain deductions, to the nursing home. These deductions include the following: a monthly personal needs allowance (this amount varies by state, currently ranging anywhere from $30 to more...
In order to be eligible for Medicaid benefits a nursing home resident may have no more than $2,000 in “countable” assets (the figure may be somewhat higher in some states). Note that Medicaid is a state-run program, so the rules are somewhat different in...
Medicaid (called “KanCare” in Kansas, “MO HealthNet” in Missouri, “Medi-Cal” in California, “MassHealth” in Massachusetts, and “TennCare” in Tennessee….to name a few) is a joint federal-state program...
Many Medicare recipients struggle to make ends meet. Special savings programs administered by each state can help cover certain Medicare costs, such as premiums and deductibles. The criteria one must meet to qualify for this assistance, known as Medicare Savings...
When loved ones pass away, there are lots of considerations, including what happens to their Social Security. The decedent’s payments need to be stopped, but survivor benefits may be available to the spouse or, in certain cases, children. When a Social Security...
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