When you buy long-term care insurance years before you need it, you are taking a gamble that the company will still be around when it is time to pay out. But what happens if the company goes out of business? Usually insurance companies don’t just suddenly shut their doors. Instead, another insurance company buys out Read more about What Happens If Your Long-Term Care Insurance Company Fails?[…]
Are you married, with one spouse wanting to retire but the other one prepared to keep working? If so, you should take a close look at the “file and suspend” strategy to maximize your Social Security benefits. Spouses are entitled to Social Security benefits on their husband or wife’s work record if the marriage lasted Read more about Married Couples Can Maximize Their Social Security Benefits Using File and Suspend[…]
A recent Connecticut case highlights the risk to family members of nursing home residents who don’t live up to their financial commitments to such facilities. When her mother was admitted to the Cook Willow Health Center, Judy Andrien signed an admission agreement on behalf of her mother as “responsible relative,” agreeing to take steps to Read more about Live Up to Your Commitment to the Nursing Home, or Beware[…]
The refusal of a retirement home employee to administer CPR to a dying resident has gained international attention and sparked debate about both the legal responsibilities of independent living facilities and the efficacy of CPR itself. When Lorraine Bayless, 87, collapsed in the dining room of Glenwood Gardens, an independent living facility in Bakersfield, California, Read more about Retirement Home Worker’s Refusal to Administer CPR to Save Resident Sparks Debate[…]
After a Medicaid recipient dies, the state must attempt to recoup from his or her estate whatever benefits it paid for the recipient’s care. This is called “estate recovery.” For most Medicaid recipients, their house is the only asset available. Life estates For many people, setting up a “life estate” is the simplest and most Read more about Protecting Your House From Medicaid Estate Recovery[…]