Reverse Mortgages and Medicaid
While reverse mortgages do not affect Medicare or social security income, they can affect local programs such as Medicaid. In Ohio, the proceeds from a reverse mortgage that is received...
Medicaid and Partnership Long-Term Care Insurance Policies
Each individual state will have the opportunity to help protect Medicaid budgets by implementing Long-Term Care Insurance Policy plans. Requiring that benefits of qualifying insurance policies be paid before Medicaid...
Understanding Medicaid
Medicaid, established by federal law, is administered by each state individually. Medicaid is considered a long term care payer of last resort for frail seniors, people with health problems, mental...
Skilled Care vs Custodial Care
Care that is prescribed by a doctor and performed by licensed health care professionals is also referred to as skilled care. Wound care, IV antibiotics and physical therapy after a...
Understanding Health Insurance: Medicare
A common misconception is that health insurance will pay for long term care. However, most insurance policies are not built this way, including Medicare, Medicare Supplements, HMOs, employer supplied insurance...
Personal Emergency Response Systems
A personal emergency response system should be considered for all seniors aging in place, especially if they will be home alone. It is not uncommon for seniors to fall and...
Keeping Seniors Safe In Their Own Homes
Keeping seniors safe in their own homes includes making sure both interior and exterior spaces are senior friendly, accessible for those that are disabled and up to code. Modifications can...
Talk to Employers about Dependent Care FSAs
Flexible Spending Accounts, or FSAs, can be a useful tool for caregivers of ailing relatives. FSAs are structured to allow employees to place a portion of their pre-tax salary into...
Qualifying Expenses Part II
When you are a caregiver, the laws surrounding what can be deducted, and the conditions that must be met for the deduction to happen, can be complicated and detailed. This...
Qualifying Expenses Part I
Claiming a loved one as a dependent can be a good way to offset the loss of income when you become a full-time caregiver. If you are planning to take...
Tax Deductions and Benefits for Caregivers
Caring for a loved one is not only difficult and sometimes emotionally draining, it can be expensive. The loss of income often suffered by the requirements of full-time caregiving can...
Pay Yourself or a Loved One for Providing Care
When you have to provide care for a loved one, it can turn into a full-time job, which in turn can be financially crippling. Sometimes the loved one can help...