Budgeting can be tricky, especially for seniors on fixed incomes. Learn how to help an aging loved one evaluate their personal cash flow and develop a monthly budget they can actually follow.
2 CommentsMany adult children are unaware of their parents’ financial situation until they step in to help manage money or begin the probate process. If you find that a parent has racked up some debt, it’s normal to wonder if you may be on the hook for repayment.
33 CommentsThe goal of the Medicaid estate recovery program (MERP) is to recoup all the money that Medicaid spent on a senior’s care. Learn how MERP works and what families can do to minimize the impact of the recovery process.
92 CommentsMedical billing errors are surprisingly common, and it is up to you to be diligent about understanding your health insurance coverage and correcting inaccuracies. Know what red flags to look for and how to handle errors before you pay the bills.
4 CommentsFilial responsibility laws in some states hold that adult children may be liable for their parents’ unpaid medical and nursing home bills. Learn your responsibilities in paying an impoverished parent’s long-term care costs.
10 CommentsThe world of hospital bills and insurance claims can be confusing, but medical billing advocates are specially trained to help patients and their families make sense of all their paperwork and save money by detecting costly billing errors.
0 CommentsDiscover tips for how to manage credit card debt during retirement.
1 CommentMedicaid isn’t in the business of “taking” seniors’ homes. But when a nursing home resident on Medicaid dies, the state may seek repayment by filing a claim against their estate, which usually includes exempt assets like their primary residence.
43 CommentsWhen an aging loved one is making excessive and unnecessary purchases—especially ones they cannot afford—it’s time for a family caregiver to step in.
12 CommentsOlder adults often conceal or downplay things like falls, money troubles, elder abuse and car accidents so they can continue living independently. Most family members only learn of these longstanding issues once they're too severe to hide.
13 Comments