Long-term care insurance consumers — usually upper-middle age and older Americans — face enough hurdles in finding the best policies. Complicated contracts, high fees and charges and booming premiums await any long-term care insurance buyer.
About 43% of more than 125,000 U.S. coronavirus deaths are linked to nursing homes, according to a New York Times analysis. Even before the pandemic, many of those facilities suffered a lack of funding.
Two U.S. senators have introduced legislation to ensure that older adults can continue to volunteer during the COVID-19 pandemic.
Scammers gravitate to tightened finances, like moths to a flame. To complicate matters, shelter-in-place restrictions have pushed people to make more online transactions. That means new opportunities for fraudsters to take advantage of seniors, who may be new digital accountholders.
Take, for example, the sad and sordid tax case of Mary Ellen Cranmer Nice vs. United States of America, which would not have existed if an attentive financial advisor hadn’t noticed the large IRA distributions that were allegedly stolen right from under a matriarch’s nose.
A bill requiring nursing homes to plan for the next pandemic is one step closer to being made law, after gaining approval in both chambers of the Legislature on Wednesday.
With some cases of COVID-19, patients are dying in isolation. The sorrowful stories are a grim but important reminder: if you haven’t formalized your final wishes, you likely would not have the opportunity to do so from your hospital bed.
If someone offers you a COVID-19 test in exchange for your Medicare information, run in the other direction.
Some nursing homes and assisted living facilities are wrongfully taking stimulus checks from residents who are on Medicaid, the Federal Trade Commission said Friday.
The ongoing pandemic has made everyone have to face some unpleasant realities, including the idea that one day we won’t be here anymore. Do you know how to make sure that your affairs are in order for your loved ones?
If you have a question, a comment, or simply want to have a conversation and explore how we can help, we’d love to hear from you.
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