Are You a Hospital Inpatient or Outpatient? If You Have Medicare – Ask!

If you need to go to the hospital, is the status of your hospital stay important?  Does it matter whether you are formally “admitted” to the hospital vs. in “observation” status?  You bet it does.  Medicare will not pay for skilled nursing care unless …


Refusing to Fly From the Coop: 4 Tips for Teaching Your Children Self-Sufficiency

According to recent numbers, nearly 40% of young adults live with their parents, grandparents, step-parents, or other relatives. This is the highest th level has been for the last 75 years. The only time that the rate was higher was in the 1940s, when …


Seniors: Don’t Fall for the Package Scam!

Unfortunately, seniors are a favorite target for scams. Scams are becoming even more prevalent and have commonly referred to as the “crime of the 21st century.” Seniors are targeted because thieves assume that they have more money in their accounts. Th …


5 Questions to Ask Your Doctor As a Senior

It’s easy and common to take the word of a doctor as the whole truth. However, doctors are just as imperfect as everyone else. Even if you’ve known your physician a long time, asking questions is important to ensure that your care is still within both …


Creative Financial Approaches to Long Term Care Services

Long term care insurance was sold aggressively in the 1980s, 90s and thereafter to offset the costs of seniors needing to live in a nursing home, assisted living or needing at home health care. Now, however, the business of long-term care insurance has …


10 Things to Discuss With a New Caregiver

 You’ve finally found a great personal in-home caregiver or companion for your parent, and tomorrow is her first day. But wait: Have you forgotten to tell her anything? Use this list (and adapt it to your parent’s needs) to make sure you’ve covered th …


Mom or Dad Needs Help at Home – Who to Choose? Comparing Home Health vs. Home Care

  Home care and home health are distinct types of care which are both provided in a home setting, but most people aren’t aware of the differences and use these terms interchangeably. The key difference is that “home care” is non-clinical care and …


A Brief Overview of Blind Trusts

A “blind trust” is like other trusts in that you place money or other assets in it and those assets are distributed to beneficiaries according to the trust agreement. What is different about this type of trust is that the trustee (the entity or person …


4 Tips for Deciding on Inheritances

Deciding who should get what in your estate plan can be very challenging. If you have several children, loved ones, or other beneficiaries whom you would like to benefit from your plan, how do you decide who should get what? What portion should they ge …


How Does My Divorce Affect My Estate Plans?

Your divorce affects virtually every aspect of your life, including your estate planning. Unfortunately, time and time again, we’ve seen people forget to update their estate plan after a divorce, which can leave assets to ex-spouses or other individual …