Although Medicaid and Medicare are both public health insurance programs, they have essential differences. Medicare is a federal program for older adults, people with disabilities, and individuals with end-stage renal failure. Medicaid is federal-state assistance for those with limited incomes.
Updates to Social Security Administration Portal Make It Easier to Complete Key Tasks Online
If you currently receive – or are planning to apply for – Social Security or Supplemental Security Income (SSI), you can now visit the Social Security Administration’s recently updated My Social Security portal to complete the following tasks online:
What You Need to Know About Medicaid’s Personal Needs Allowance
Seniors who rely on Medicaid and live in nursing homes receive a personal needs allowance — a monthly stipend the Medicaid recipient can use to pay for needs that Medicaid does not cover. Medicaid restricts the amount of the allowance and how it is used. If recipients do not use all the money they received in a month, they may risk losing their coverage.
Are You Missing Out on Benefits? Identify the Programs Available to Seniors Like You
What Is Asset Protection Planning?
Estate Planning When You Have a Stepfamily
Ideally, when a second marriage joins two families together, it should be a joyous occasion that creates one bigger family unit. Unfortunately, it too often also creates inheritance fights between stepparents and children. A good estate plan is necessary to help avoid these types of family squabbles.
Avoid Disagreements Between Your Power of Attorney Holder and Health Care Proxy
A durable power of attorney and a health care proxy are two very important estate planning documents. Both allow other people to make decisions for you in the event you are incapacitated. Because the individuals chosen will have to coordinate your care, it is important to pick two people who will get along.
Understanding the Differences Between a Will and a Trust
The Importance of Exercise for Seniors
Exercise has countless benefits for those of all ages, including a healthier heart, stronger bones and improved flexibility. For seniors, there are additional benefits, like the fact that regular exercise reduces the risk of chronic diseases, lowers the chance of injury and can even improve one’s mood.