Understanding Medicaid vs. Medicare

LASA, which stands for “look-alike-sound-alike”, is usually seen when referencing medications by those who work in the healthcare industry. When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike but work very differently. Both Medicare and Medicaid were started in 1965 under Lyndon B. Johnson’s administration…

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Before Retiring, Evaluate These 6 Major Factors

It is important to consider the impacts on your financial situation, before you decided to retire or leave full-time employment for other interests. The transition to your next phase of life, whether full or semi-retirement, adventure seeking, or family driven, requires thoughtful planning to avoid needless surprises that can mean the difference between financial success…

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The Coronavirus Pandemic Resulted in More Americans Creating Wills

There has been a sharp increase in the number of people completing their wills online. Understandably, the coronavirus pandemic has created the scramble to set up wills and end-of-life-directives. However, online do it yourself (DIY) wills are often deemed invalid as they do not comply with all of the legal requirements of your state. According…

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Is the End of Long Term Care Health Insurance Near?

Long term care will be a reality for 50 percent of all older adults. If you are an adult 65 or more, the percentage moves up to 70 percent. However, the demand for long-term care far outnumbers an affordable or even existing supply. For years the private sector long-term care insurers have been fleeing the…

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It Is Crucial to Plan for the Unforeseen

Many were left confused and unprepared when the coronavirus pandemic began. There are numerous reports of shortages of antibacterial hand sanitizer, disinfecting wipes, and even toilet paper. While we can’t predict when something like COVID-19 might strike, we can take steps to prepare for an unexpected crisis to help reduce the stress on ourselves and…

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Budget Balancing for Seniors

Money is one of life’s biggest concerns. People of all ages struggle to stretch their dollars to meet their needs and wants. Many seniors live on a fixed income and are presented with more challenges in making ends meet. Creating a budget can help seniors plan how to use the money they have to pay…

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Apprehension Among Millennials About Social Security

When the US federal government established its social insurance program on August 14, 1935, its purpose was to provide retirement, disability, and survivors’ benefits. Since that time, in part due to the disappearance of extended family networks, an increase in population, and a profound increase in life expectancy, it has become challenging for the Social…

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Estate Planning vs. Undue Influence

When people, family members, become quite elderly or ill, they also become susceptible to manipulation from those who will defraud or steal. Targeted attacks on vulnerable older people to exert what attorneys deem “undue influence” constitutes elder abuse. It disrupts the older persons’ impulse to provide for loved ones and instead leaves assets to the…

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Respite Care: Giving Caregivers a Break

Respite care is substitute care when a caregiver needs a break. If possible, these breaks should be scheduled regularly, giving the caregiver time to rest. It can be for a short period like a day or a few hours or for the purpose of giving the caregiver a vacation. Respite care is often overlooked. However,…

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