Senior housing options
There’s no place like home but where will your home be when you retire?
News
Social Security recipients must take Medicare benefits
A federal appeals court ruling rejected arguments by former House Majority Leader Dick Armey and other Social Security recipients who wanted the right to reject Medicare in favor of health coverage with private insurers according to this article in the Washington Post from the Associated Press. You can read the court document here along with … Read more
Health care costs will take a bite out of your retirement even if you are healthy
How much will it cost you for health care?
How financial wellness affects overall health
This month we’re looking at financial wellness as it relates to health, housing, legal and family issues. Over the week we’ve looked a bit at how important your financial health is to your overall health.
Finding your financial feet
January is Financial Wellness Month so this month we will emphasize financial health. We know money isn’t everything, but studies show that having enough money makes us happier and healthier.Â
Medicaid and the middle class
Two populations of middle-class Americans benefit from Medicaid: the elderly and children with disabilities.Â
Reverse mortgages could save money on Supplemental Security income and Medicaid benefits
Reverse mortgages are loans available to home owners who are at least 62 years old to help them access a portion of their home’s equity to enable them to age at home. But according to John Mitchell, a CPA out of Austin, Texas, they can also save the federal government as much as $5 billion a year in Medicaid spending.Â
Ruling changes how Medicare views custodial care
Custodial care is the care you get when you need help with activities of daily living (ADL) such as bathing, dressing etc. The non-medically trained help you get to do these things are not helping you make progress to a state of not ever needing care again. Medicare doesn’t pay for custodial care. It says … Read more
Is a lump-sum payout part of your financial future?
De-risking is the idea that employers with underfunded defined pension plans (such as Ford and General Motors) can reduce their risk exposure by offering employees the option to convert their plan into a lump sum payout. The concept sounds good for business but is it good for you? Jay Sushelsky, a Senior Attorney at the … Read more
Minnesota finds Medicaid law in violation of equal protection clause
It’s important to recognize that not all state laws comport with federal laws and when they do not, it takes a lawyer to get the state back on the right track.  A case in point, in 2011, Minnesota passed a law reducing the pay of relative personal care attendants (PCA) to 80 percent of non-relative … Read more