The Centers for Medicare & Medicaid Services (a mouthful popularly known as CMS) is the federal agency that oversees Medicare, Medicaid, the Children’s Health Insurance Program, and the Health Insurance …
Continue ReadingCategory: Healthcare & Financial Decisions
Is America Facing a Retirement Savings Crisis?
In a divided nation, Americans can still find points of agreement. Large majorities of Americans agree that teachers are underpaid, government benefit programs are necessary, and a second civil war …
Continue ReadingThe Financial Burden of Aging in Place
While retirement communities and independent living facilities are popular choices for older adults who want to downsize or can no longer manage the upkeep of their family home, surveys confirm …
Continue ReadingRetired Seniors Turn to Side Hustles to Supplement Their Retirement Income
It never hurts to have a bit of extra retirement income. Social Security benefits are modest, savings accounts dwindle over time, and most people worry that they did not invest …
Continue ReadingPrices Are Coming Down for Some Major Drugs Covered by Medicare
When he was running for president in 2020, Joe Biden promised to reduce the soaring cost of prescription medications. While President Trump signed executive orders in 2018 that were purportedly …
Continue ReadingDon’t Sign a CCRC Contract Without Having a Lawyer Explain It
Continuing care retirement communities (CCRCs) allow residents to change their housing environment to meet changing needs without relocating to a new community. Healthy retirees live in a part of the …
Continue ReadingPaying for Dying Parent’s Hospice Care
Hospice care provides services that increase the comfort of people who are dying from an untreatable health condition. Hospice care is intended to manage the patient’s pain while promoting a …
Continue ReadingCaregiving Expenses Challenge Adult Children of Parents Who Have Dementia
Dementia is both a growing and declining medical condition in the United States. The number of people with dementia is growing because the population of older Americans is increasing. There …
Continue ReadingGovernment Funding for Family Caregiving
The demand for caregivers will continue to grow as the American population continues to age. Baby boomers have been entering their senior years at a time when medical advances have …
Continue ReadingWays to Increase the Size of Your Social Security Check
Many older adults depend on Social Security retirement benefits as their primary source of income. About 1 in 7 Americans over the age of 65 receive 90% of their income …
Continue Reading