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Continuing Care Retirement and Medicaid
January 2, 2023Living in a Continuing Care Retirement Community (CCRC) has some distinct advantages. First, you have pretty much everything you need right in one place: wonderful food, fellowship, shelter, safety, transportation, and even access to nursing care when you need it. You shed worries about things like snow removal, house and yard maintenance, and annual real estate taxes. Another huge benefit is having all levels along the continuum of care readily available to you as you age: independent living, assisted living, memory care, and skilled and long-term nursing care (nursing home).
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Could Medicaid Payback Rules Come to an End?
January 2, 2023Medicaid, a program providing health insurance for low-income Americans, has a controversial estate recovery component. When Medicaid recipients pass away, states attempt to recover the funds spent on their medical care. This can lead to devastating financial consequences for families, especially those with lower incomes. U.S. Rep. Jan Schakowsky introduced the Stop Unfair Medicaid Recoveries Act to end estate recovery, but its immediate progress remains uncertain.
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Is Long-Term Health Care Insurance Right for You?
January 2, 2023Rosa is nearing her retirement and is contemplating her future health care needs. She's come across long-term care insurance but isn't certain if it's a sound investment. Given the myriad factors to evaluate, making a choice can be overwhelming. In this piece, we delve into the intricacies of long-term care insurance and furnish you with the information to ascertain if it aligns with your needs.
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Long-Term Care
January 2, 2023If the person with Alzheimer's or other dementia prefers a communal living environment or needs more care than can be provided at home, a residential setting may be the best option. Different types of communities provide different levels of care, depending on the person's needs.
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Medicare Part D Benefits
January 2, 2023Medicare Part D is specific to prescription drug coverage for medicare beneficiaries. Medicare works with insurers and other private companies to offer different prescription drug plans that vary in cost and drug formularies.
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