Aging Care: 6 Tips for Caring for Elderly Parents

Many adult children wonder what their aging parents may need and how can they can help provide it for them. You may constantly worry about your parents or other older loved ones, especially if you live far away from them. You can, however, take some simple steps to...

States Due to Ensure Medicaid HCBS Participants Basic Rights

As of March 2023, states are on the hook to ensure that home- and community-based housing services for its participants are meeting the federal government’s minimum standards. This includes protecting certain basic civil and constitutional rights of the individuals...

2023 AARP Report Recommends Supports for Family Caregivers

Many older Americans choose to have their family members care for them as they age. Despite the comfort a familiar face may provide, there is a significant cost for the loved ones who sacrifice their time, and often their upward economic mobility, to ensure that they...

Charities May Now Be Named As SNT Remainder Beneficiaries

Many parents and families planning for the care of their loved one with special needs will consider setting up a special needs trust. (Special needs trusts are also often referred to as supplemental needs trusts and SNTs). These trusts allow assets to be left to a...

5 Reasons Why It’s Good to Be a Senior in 2023

It has been a tumultuous few years. Amid a continuing pandemic, tense midterm elections, and a war in Ukraine, we have grappled with more than our fair share of grim news. However, in 2023, there are some silver linings — in particular for seniors, and here are 5 of...

Deducting Long-Term Care Insurance Premiums in 2023

Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your income. If your total eligible medical expenses (including your...

Turning 65? What You Need to Know to Sign up for Medicare

The first of the 78 million baby boomers turned 65 on January 1, 2011, and some 10,000 boomers a day will reportedly reach that milestone between now and 2030. If you are about to turn 65, then it is time to think about Medicare. You become eligible for Medicare at...

Keeping Medicare Solvent Could Mean Higher Taxes

With the 2024 presidential election in the not-too-distant future, coverage of heated debates over the nation’s government budget, including how to secure the future of public benefits programs like Social Security and Medicare, has started to dominate the headlines....