Category Archives: Finances & Insurance

Supplemental 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 or ordered by a doctor to help a patient recover from an injury or illness. Medicare does not pay for services that are not medically […]

Social 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 Security and Supplemental Security Income Disability programs provide assistance to some people who are unable to work because of a disabling physical or mental condition. […]

Talking 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. They are often uncomfortable seeking or taking advice from their children, particularly concerning financial issues. Financial security after retirement is nevertheless an issue of vital […]

Does 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 from a qualifying disability. Medicare pays a fixed rate for most medical services, including doctor visits and hospital admissions, if those services are meant to […]