• Posted on June 13, 2022

    RePosted by: Gina Salamone By: K. Gabriel Heiser, Medicaid Secrets Adult children may have to step in to help their aging parents. Perhaps Dad has fallen behind on his bills, or Mom is not making sound decisions when it comes to her medical care. Regardless of the reason, this transition of control over a loved one’s very personal affairs can be challenging. Unfortunately, many seniors are reluctant to plan for this possibility or even discuss it with their close family members. For example, creating a power of attorney (POA) document, which gives a trusted individual known as the “agent” the […]

  • Posted on May 30, 2022

    Memorial Day is an American holiday, observed on the last Monday of May, honoring the men and women who died while serving in the U.S. military. Memorial Day 2022 occurs on Monday, May 30. Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Many Americans observe Memorial Day by visiting cemeteries or memorials, holding family gatherings and participating in parades. Unofficially, it marks the beginning of the summer season. EARLY OBSERVANCES OF MEMORIAL DAY The Civil War, which ended in the spring of 1865, claimed more lives […]

  • Posted on May 16, 2022

    As we age, our likelihood of mental incapacity increases. After all, our bodies and minds deteriorate as we age. Mental incapacity could result from dementia, stroke, brain injury, or other illness. What is mental incapacity and in what ways can you plan to be best prepared for it? You are mentally incapacitated if you are unable to carry out your affairs. Meaning, you can’t make meaningful decisions that are in your best interests regarding your finances or your property. Now that doesn’t mean that if you make financial decisions that others don’t agree with that you are incapacitated. Just because […]

  • Posted on May 9, 2022

    rePosted by Gina Salamone Article written by John Schappi (as appearing at AgingCare.com) As we age, most of us claim we want to age in place—to stay in the familiar homes we love throughout the rest of our lives. But many seniors don’t think this decision through and wind up unsafe, unsupported, lonely and even housebound. “Elder orphans” is the phrase du jour in the elder care industry. It describes seniors who are single or widowed and have no children (at least locally) and no support system. They find themselves living alone in the community with no one to help […]

  • Posted on April 11, 2022

    Posted by Gina Salamone While anyone can end up the victim of fraud, senior citizens are particularly at risk. Older Americans in the U.S. lose $3 billion a year in financial scams, according to the U.S. Senate’s Special Committee on Aging. The most common ways seniors fall victim to fraud are through technical support scams, fraudulent business opportunities, sweepstakes, and family or friend imposter scams. Not all senior fraud is the same. Sadly, it is not uncommon for close family members or caregivers to scam money from trusting older individuals. But senior citizens are increasingly at risk of identity theft […]

  • Posted on April 4, 2022

    Posted by:  Gina Salamone Medicare and Medicaid are two different government programs for healthcare. It is important to understand the difference between them. Here, we will discuss how the program benefits differ, how eligibility for each program is established, and discuss some recent news pertaining to each program. Medicare vs. Medicaid – What are the program benefits? Medicare is a program administered by the federal government to provide healthcare to certain populations. Original Medicare is divided into Parts A and B. Medicare Part A covers hospital care and a limited period of nursing home care, home health services, and hospice […]

  • Posted on March 21, 2022

    Posted by Gina Salamone Medicare is a federal program that provides medical coverage to certain individuals – those over age 65, younger folks with disabilities, and people with End Stage Renal Disease. This coverage is critical to get those populations needed care. Medicare Part B covers things like doctor’s visits and outpatient care; it is not free. Medicare Part A provides coverage for hospital stays, certain stays in a long-term care facility, and some types of home health care. It is provided at no cost for individuals who have paid Social Security taxes for a proscribed amount of time. In […]

  • Posted on March 14, 2022

    Posted by:  Gina Salamone For most of us, estate planning is one of the most challenging topics to discuss with our parents. Even broaching the subject can seem daunting. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents. Having a thorough estate plan in place can mitigate confusion and anxiety at the end of one’s life and avoid unnecessary legal fees, taxes, and delays in the dispersion of assets. The first time our estate plans are likely to come into play will be near the end of our […]

  • Posted on March 7, 2022

    Posted by: Gina Salamone Undue Influence is when someone pressures another in such a way that the person being influenced is not acting by their own free will; they are being coerced into taking a certain action.  Undue influence often arises when a friend family member falls ill.  For example, mom has been diagnosed with cancer and her boyfriend influences her to change her estate plan so that all mom’s assets go to him instead of to her kids.  The plan is oftentimes carried out in secret and others don’t know about what has been done until after the one […]

  • Posted on February 28, 2022

    Posted by: Gina Salamone Caring for the elderly suffering from Alzheimer’s is fundamentally different from caring for a healthy aging person, so family members of dementia patients tend to consider memory care.  Alzheimer’s is a disease that attacks a person’s brain cells affecting behavior, thoughts, and memory. The worst part about this disease is that it’s progressive. Furthermore, it doesn’t have a cure. The Centers for Disease Control and Prevention reported that in 2021, over 6 million Americans older than 65 were diagnosed with Alzheimer’s. 75 percent of this population is 75 years old and above. One in every nine people […]