Should an SSI Recipient Refuse an Inheritance?
Supplemental Security Income (SSI) beneficiaries must comply with very stringent income and asset rules to receive benefits. One such rule is the resource allowance limit: A single SSI beneficiary may have only $2,000 of countable resources (for a couple, $3,000)....
ABLE Account Age Adjustment a Bright Spot in Omnibus Passage
The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will affect people with disabilities on several fronts. The bill, which runs more than 4,000 pages and includes a wide variety of legislation, heads to President Biden...
Activities of Daily Living Measure the Need for Long-Term Care Assistance
Most long-term care involves assisting with basic personal needs rather than providing medical care. The long-term care community measures personal needs by looking at whether an individual requires help with basic activities. ADL Meaning ADLs, or activities of daily...
What Is IRMAA, and How Does It Affect My Medicare Premiums?
As we near retirement, we may assume that once Medicare kicks in, our medical insurance premiums will be fixed. However, many people may not realize that there are special rules regarding how much they pay for Medicare Parts B and D if they are in a higher income...
Medicare Part B: Coverage Outside of a Hospital
Medicare Part B is federal health insurance for the medical needs of people 65 and older and individuals with certain qualifying disabilities. Generally encompassing outpatient medical care, Part B coverage includes medically necessary doctor’s services, preventive...
The Benefits of Continuing Care Retirement Communities
Many options are available for those planning where to live and receive care during their retirement years. Independent living communities are for healthy, active older adults. Assisted living facilities suit those who need help with activities of daily living, such...
What Is a Health Savings Account? Will Medicare Affect Mine?
A health savings account may help you save money on medical expenses, depending on your insurance type. If you are eligible, you can use your health savings account (HSA) to cover certain medical costs, according to HealthCare.gov. How Does an HSA Work? If you have a...
Assisted Living vs. Nursing Homes: What’s the Difference?
Assisted living facilities and nursing homes are long-term housing and care options for older adults. Although people sometimes use the terms assisted living and nursing home synonymously, they are distinct. Understanding the differences between assisted living and...
Can You Appeal When a Hospital Considers You an Outpatient?
A hospital’s classification of you as inpatient or outpatient can significantly affect Medicare’s coverage, shaping how much you pay for services and whether your coverage includes care in a skilled nursing facility. Medicare Part A pays for inpatient hospital and...
What Is a Medicare Summary Notice?
Every three months, those with original Medicare receive a claims statement called a Medicare Summary Notice. As Medicare.gov explains, this notification describes all the services or supplies that providers or suppliers attributed to Medicare during the preceding...
Older Adults Lack Information in Search for Long-Term Care
According to a recent national study, nearly a quarter of Americans aged 50 and older say they – or a loved one – needed long-term care in 2022. The findings further suggest that seniors and their caregivers could benefit from more consumer-friendly information and...
Ending Guardianship of an Adult
While a guardian can support the protected person by making important decisions, in some cases, an individual may wish to change or dissolve the arrangement. The ward, their family, or other involved people might feel that the guardian is not doing a good job. They...
Highlights of How the Omnibus Bill Will Benefit Older Adults
The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will benefit older adults on a number of fronts. Here is a breakdown of some of the highlights that relate to supporting older Americans: Health and Housing Opt to age...
Report: Lower Prices for Generics Via Online Pharmacies
For people who rely on multiple medications, the expenses accumulate. According to the Kaiser Family Foundation, eight out of 10 adults say prescription medication costs are unreasonable. Three in 10 adults on four or more drugs report difficulty affording them and...
An Uncertain Future: Money Follows the Person (MFP) Program
Since it was established in 2005, the Medicaid Money Follows the Person (MFP) Program has given people with disabilities the choice between living in a long-term care facility or receiving care in their home or a community-based setting. MFP helps provide the...