Has a loved one named you their financial power of attorney? Are you ready to take on all the responsibilities that entails? Hopefully, you won’t be called into action anytime soon, but with the coronavirus pandemic continuing, it’s something to think about.
Federal officials have unveiled a new toolkit to help states expand telehealth coverage under Medicaid and the Children’s Health Insurance Program (CHIP) to fight the Coronavirus pandemic.
Coronavirus stimulus checks are currently being distributed, and millions of Americans are eagerly awaiting their payment. Depending on your income, you could receive up to $1,200 (or $2,400 for married couples filing jointly), plus an additional $500 for each dependent under the age of 17.
As part of the CARES Act, the majority of Americans, including those who are elderly and on fixed income, will receive a one-time stimulus check from the Internal Revenue Service (IRS).
We are at a critical time during the COVID-19 pandemic. While everyone is on edge, and being inundated with news headlines and new statistics, one population we should keep top of mind is our older friends and families, especially those with cognitive impairment, dementia and Alzheimer’s disease.
Did you know that 70% of adults over the age of 65 are predicted to need some type of long-term care for an average length of three years? While thinking about your future, you’ve likely already planned financially, but have you considered your long-term care options?