Your parents are enrolled in Medicare and they’re insured for hospital, outpatient visits and drugs, so their basic health needs are covered. Well, yes and no. Don’t be blindsided. There …
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Preparing for Medicare Open Enrollment: Should Your Elderly Loved One Change Plans?
Every fall, Medicare recipients–your parents included–are bombarded with notifications about the upcoming “open enrollment” period and their options for switching coverage. As you read them, be aware that these notifications …
Continue ReadingWhy You Should Sign Up for Medicare When You Hit 65
Most people, including your parents, sign up for Medicare when they “retire” and hit 65, unless one or both of them still works and they may be covered by an …
Continue ReadingUnderstanding Your Elderly Parents’ Medicare Coverage
Most people over 65 know all about Medicare, what it costs, what it does and doesn’t pay for, even why it makes financial sense to pay extra for a Medigap or …
Continue ReadingSupplemental Health Insurance: Medigap
Medicare is the federal program that pays for medical services provided to individuals who have reached the age of 65. Medicare only covers eligible services, which are typically those provided …
Continue ReadingSocial Security: The Ins and Outs of Survivors Benefits
Most people are familiar with the social security benefits that the federal government pays to qualified individuals who reach a designated age. Most people are also aware that the Social …
Continue ReadingTalking to Your Elderly Parents About Finances
When you were a child, you depended on your parents. Now that your parents are older, they depend on you. That role reversal does not come naturally to the elderly. …
Continue ReadingDoes Medicare Cover Long-Term Care?
Medicare is a federal program that pays certain healthcare expenses incurred by patients who are 65 or older. It also pays those expenses for patients of any age who suffer …
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