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Massachusetts Ruling On Medicaid Applicants

Posted on: June 26th, 2017
Massachusetts' highest court ruled Monday that the residence and the other assets held in Medicaid applicants' irrevocable income-only trusts were not available assets even though the applicants retained the right to use the house during their lifetimes....

Long Term Care Facilities

Posted on: June 19th, 2017
Long Term Care Facilities (LTCFs) which include nursing homes, skilled nursing facilities, and assisted living facilities, provide medical and personal care services to people who are unable to manage independently in the community. Over 5 million Americans are admitted to or reside in LTCFs each year. ...

Why Do People Let Their Long-Term Care Insurance Lapse

Posted on: June 12th, 2017
Long-term care, whether provided at home or in a nursing home, is a major financial risk in our senior years. Yet few people buy long-term care insurance. Of those who do, one-third with long-term care insurance at age 65 will let their policies lapse, forfeiting benefits they will likely soon need and the money they have paid in premiums. ...

Critical Retirement Decisions as You Hit Age 70

Posted on: June 6th, 2017
Happy milestone birthday! This is the year for some critical decisions that will affect your retirement years. Here are some deadlines you won’t want to miss....

How Long Should a Care Facility Charge After a Patient Dies

Posted on: May 29th, 2017
Many care homes there charge the relatives of a deceased resident for a week after the death so there is time to clear their belongings, but some families are being charged fees for extended periods after their relative’s room had been cleared....

Financial Challenges Facing Seniors…And How to Fight Back

Posted on: May 22nd, 2017
For almost a decade, the Federal Reserve has kept the federal funds rate at a record low. This might be good if you are refinancing debt, but it is disastrous for those who stay in fixed-income investments such as certificates of deposit, money market accounts, savings accounts and bonds—all long-time favorites of seniors who are more risk-averse than other investors....
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