Medicaid waivers are programs authorized by the federal government that allow states to provide long-term care services to individuals who would otherwise require care in nursing homes or other institutional settings. These waivers, also known as Home and...

Despite the considerable level of stress that can come with serving as a unpaid caregiver, a new study now suggests that taking care of a loved one may in fact lead to increased longevity among older women. The findings, published in The Journal of the American...

The impact on your home when moving to assisted living or a skilled nursing home can depend on various factors. In many cases, there are protections in place to prevent the loss of your home, but it's essential to consider individual circumstances and the specific...

The COVID-19 pandemic wreaked havoc worldwide in the realms of health care, education, the economy, and beyond. For seniors and people with disabilities across the U.S. who have limited income, the pandemic also had a particularly devastating impact on their public...

Both guardianship and durable power of attorney (DPOA) are legal arrangements that allow one person to make decisions on behalf of another, typically when that person is unable to make decisions for themselves. However, they differ in several key aspects....

Certainly, being a guardian for an aging person comes with responsibilities and considerations. Here are some Dos and Don'ts: Dos: Respect Autonomy: Encourage independence and involve the aging person in decision-making as much as possible. Regular Communication: Keep...

The cost of nursing home care can be a concern for many people. It's often expensive. According to Genworth, a private room in a nursing home can cost more than $100,000 per year. Moreover, the company suggests that by the year 2031, a private room will cost over...

Social Security wasn’t meant to be a primary source of income for retirees when it was first created in 1935. It sought to provide an umbrella of protection for people who couldn’t save enough for retirement. Most Americans didn’t think much about Social Security,...

Palliative care and hospice care can provide comfort to seriously ill patients and patients who have received a prognosis of imminent death. Each type of care is intended to improve the quality of life among patients who receive it. Many people use the terms hospice...

Each fall, the Centers for Medicare & Medicaid Services (CMS) renews the federal guidelines that seek to protect individuals whose spouses are applying for or receiving Medicaid long-term care benefits. These protections, known as the Spousal Impoverishment...

When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level of care typically provided in a nursing home. Whether you are applying for nursing home coverage or through a Medicaid...

Revocable trusts are an effective way to avoid probate and provide for asset management in the event of incapacity. In addition, revocable trusts--sometimes called “living” trusts--are incredibly flexible and can achieve many other goals, including tax, long-term...

Trusts can be useful tools to protect your assets, save on estate taxes, or set aside money for a family member. But before you commit to adding a trust to your estate plan, make sure you understand the differences between revocable (living) and irrevocable trusts...

Estate planning is crucial when managing valuable assets and ensuring the smooth transfer of wealth to future generations. There are various types of estate planning tools available, some of which may be more useful depending on your circumstances. For some, a...

Creating a living will ensures your future health care decisions and plans are respected. A living will, or advance directive, is a legal document outlining medical treatment preferences and end-of-life care if you can’t communicate or make decisions for yourself....