If you or a loved one think you might need to apply for long-term care Medicaid in the future, you might want to understand how potential changes to the program — such as a shift to a block grant system — could impact nursing home coverage and home-based long-term care services. For decades, Congress has […]
Navigating the Complexity of Medicaid and Medicare Dual Eligibility
Q. I am aware that many people are eligible for both Medicaid and Medicare. How does dual eligibility work? It seems like anything involving Medicaid and/or Medicare can be pretty complicated. Can you tell me more about it and if/how these two programs are somehow integrated? Thanks for your help! A. Please note that this […]
One-Stop Resource for Medicare Offerings
Dear Angel, I recently signed up for Medicare. What is the best place to go to find out about all of the offerings, including preventative care and chronic care management? Thanks for your help! Juan Stopp — Dear Juan, Coverage to Care initiative created by the Centers for Medicare & Medicaid Services (CMS) to help […]
Long-Term Care Planning
Guest Post by Michael Feinberg CLU, ChFC, Director of Insurance for Madison Financial Strategies As the population has continued to age over the last 30-40 years, one major risk to the financial wellbeing of individuals and families in retirement has emerged above all else – the extreme cost and burden of long-term care – specifically […]
Misinformation about Medicaid in Popular Media and Journalists Getting Legal Information from Non-Lawyers
Medicaid turns 59 in July 2024! In the summer of 1965, President Johnson addressed a joint session of Congress asking that we honor a basic commitment to our seniors. He asked that the later years of their lives not be filled with “despondency and drift, or fear of financial hardship in the event of illness,” […]
What Are the Top Eight Questions to Ask a Medicaid Asset Protection Attorney?
May is National Elder Law Month! Elder Law Attorneys across the country, including those at the Farr Law Firm, are taking the opportunity to educate seniors about their legal options in the communities we serve. Now is the perfect time to talk about one of our practice areas: Medicaid Asset Protection, also known as Medicaid […]
Is Alzheimer’s Disease Genetic?
Years of research has found that the most common gene linked to Alzheimer’s disease is a risk gene called apolipoprotein E (APOE). Recent research built upon what was already known about APOE, finding that people with two copies of the gene variant APOE4 are almost certain to get Alzheimer’s. This new information could result in […]
New Federal Rule Sets Minimum Staffing Requirements for Nursing Homes — the Biggest Reform in Nursing Home Policy in Decades
A federal mandate that sets minimum staffing requirements for nursing homes was finalized by the Centers for Medicare and Medicaid Services (CMS) last week. Three final rules were issued to “fulfill President Biden’s commitment to support family caregivers, boost compensation and job quality for care workers, expand and improve care options, and improve the safety […]
Should I Enroll in Medicare if I have Federal Retiree Coverage?
Q. In your latest article, you discuss how elder care lawyers help seniors with planning in advance for the financial and health concerns that occur as we age. I really appreciate the assistance and advice your elder law firm provides. I am a retired federal employee who will be 65 next year. I was wondering […]
More than Half of Adults are Unprepared, Confused, and Anxious about Long-Term Care
Dear Angel, I follow Mr. Farr’s newsletter and understand the need to plan in advance for long-term care, since it’s only getting more expensive. Others I know do not see this as a priority. Is the lack of preparation in advance for long-term care (something I hear that 70% of us will need one day) […]
Will My Mother Face Financial Ruin Paying for a Nursing Home?
Q. My mother has Parkinson’s, and it is progressively getting more difficult for her to do things on her own. She has fallen several times and is having trouble swallowing. We have an aide who comes to help her, but this level of care likely won’t be enough for much longer. I know she will […]
Baby Boomers Face Spike in Homelessness — How to Prepare so It Never Happens to You!
Q. I read in The Washington Post that a quarter of a million baby boomers in the US are estimated by the government to be homeless. That seems like a lot of seniors who don’t have a place to live and likely can’t afford food to eat. I can see how this can happen to […]
New Study Shows 80% of Seniors Can’t Afford Two Years of Long-Term Care
Dear Angel, I just read that today’s 65-year-old can expect to live at least another 20 years, according to the Social Security Administration! That kind of longevity is definitely a blessing, but given what everything costs today, I’m not sure that I can afford it. What is the outlook for public policy and federal programs […]
Can You Reside with a Loved One in a Long-Term Care Facility when Your Health Situations Are Different?
Q. My parents just celebrated their 50th wedding anniversary. They are one of those happy couples who spend every waking moment together and are still as much in love as the day they met. My mother has memory issues that are getting worse, and Dad needs dialysis several times a week. Mom will probably need […]
Retiree Confidence Is the Lowest in 15 Years! How You Can Plan Ahead for Retirement and Long-Term Care
About 10,000 Americans turn 65 every day, and though everyone’s financial situation is different, that means that millions of people are getting ready to retire each year. But according to a recent survey, many are not confident about how far their money will go! Results of the latest Retirement Confidence Survey by the Employee Benefit […]
Why Did the OPM Suspend Its Long-Term Care Insurance Program for Two Years?
Seventy percent of people will need long-term care during their lifetime, and it’s catastrophically expensive! If you like to plan in advance, you may have considered long-term care (LTC) insurance as an option, and if you work for the federal government, you may have considered purchasing coverage through the Federal Long Term Care Insurance Program […]
Tougher Scrutiny and Federal Penalties Being Planned for Failing Nursing Homes
Q. Last year, during his State of the Union address, President Biden discussed a major overhaul of nursing home quality, including minimum staffing levels and steps to beef up inspections. Since then, I haven’t heard about any of these quality measures being implemented. My mother will need nursing home care in the near future, and […]
Medicare Advantage Plans May Shorten Stays to Less Time than Original Medicare Covers
A common question among many of our readers is whether Medicare covers long-term care. Medicare does not cover any type of long-term care, whether in nursing homes, assisted living communities, or your own home. Medicare does, however, cover most short-term stays for rehabilitation after a hospitalization, and in some situations, Medicare Advantage plans are cutting […]
It’s Long-Term Care Planning Month!
Dear Angel, I heard somewhere that October is Long-Term Care Planning Month. My husband and I are nowhere near the need for long-term care services, as far as we know. Yet, I heard it’s never too early to plan. How and when do you suggest we plan for long-term care, and what else should we […]
The Biggest Misconception About Medicaid
Q. I recently came across an article on CNBC.com where I saw you were quoted as an expert. I’m confused about something in the article, and I’m hoping you can clear it up. It’s an article about the expenses of long-term care and the importance of planning in advance for long-term care, and it only […]
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