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Cost of senior care

The Cost of Senior Care

Review the estimated costs of different types of elder care as well as what might be covered by Medicaid and Medicare. You've done the research, and talked to friends, family and trusted doctors. You and your elderly parent have decided which type of care is best. But, there's so much... more

How Medicare and Medicaid cover long-term care

Written by Kate Rockwood Medicare and Medicaid. Their names are frustratingly easy to confuse or misstate. But when you’re navigating the emotionally charged (and expensive) waters of health care coverage later in life, the differences are essential. Medicare and Medicaid are very different in terms of how they cover long-term... more

Tips to Help Plan to Pay for Senior Care

How to plan for the unexpected. Tough time talking money? It's one of those thorny subjects that adult children and their parents often avoid -- to everyone's detriment. Americans, particularly those who came of age during World War II, tend to view money as a private matter. But it... more

What 'Succession' and Sumner Redstone can teach us about planning ahead for senior care

Many of us have read the titillating and tragic story of Sumner Redstone, the former executive chairman of Viacom, and the litigious financial power struggle that has embroiled his family. Redstone’s story was a key influence on the HBO hit series Succession, which involves a lot of money, a pugnacious media mogul... more

Long-term care insurance: The basics

Planning out how to care for yourself and your loved ones years down the road from now might not be the most pleasant thing to think about, but laying out plans for long-term care could pay dividends both in terms of costs saved and peace of mind. Long-term care refers to the different kinds... more

Should You Consider Switching Pharmacies to Save Money?

Cheaper prescriptions may come at a higher price. Most seniors are careful with managing their money, and prescription drugs offer some wiggle room when trying to find the best deal for their budget. With many older Americans changing their Medicare Part D prescription drug coverage plans at least annually, it’s... more