Sen. Charles E. Schumer (D-NY) is introducing a bill to change Medicare law so that elderly patients are not charged unfairly for receiving needed nursing home care after being hospitalized. In a press release, Sen. Schumer said the plight of Isadore “Ike” Cassuto, an 88-year-old retired tax attorney and former WWII pilot, is typical of Read more about When Is a Hospital Stay Not a Hospital Stay? Bill Aims to Fix Costly Medicare Loophole[…]

While Medicare gets most of the news coverage, Medicaid still remains a bit of mystery to many people. The fact is that Medicaid is the largest source for funding nursing home care, but there are many myths about exactly who qualifies for it and what coverage it provides.  Here are five myths followed by the Read more about Five Myths About Medicaid’s Long-Term Care Coverage[…]

The conventional wisdom is that you should always pay off your debts, but that may not always make the most financial sense for seniors. In some cases, filing for bankruptcy may be the better choice. Many seniors are struggling with large credit card bills and monthly debt that exceeds their income. Bankruptcy may make sense Read more about Bankruptcy May Be the Better Choice for Debt-Laden Seniors[…]

Spouses need to be very careful or they could end up legally responsible for the cost of their husband’s of wife’s nursing home care, as a recent Massachusetts court decision demonstrates. When Milfranciu Jode entered a nursing home, his wife applied for Medicaid on his behalf.  Mr. Jode was rejected three times due to the Read more about Mass. Court Rules Wife Is Responsible for Husband’s Nursing Home Care[…]