Category: Senior Care

Senior at an assisted living facility

Does Medicaid Pay For Assisted Living?

Even with adequate retirement savings, individuals may find it difficult to pay for assisted living costs and seek solutions from the government. To help you understand your options, we’ll explain the role of medicaid and medicare when paying for assisted living. Plus, get other helpful information on covering these costs.

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Doctor with crossed arms

How to Care for a Terminally Ill Family Member

If someone you love has just received a terminal diagnosis, you are likely in shock and not sure what to do next. One productive place to focus your energy is on learning more about the diagnosis, to prepare for protecting your loved one’s quality of life and ensuring his or her final wishes are honored. 

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Stressed senior man

Financial Help for Seniors in Debt

Debt is one of those problems that gets worse when you ignore it. Commit now to the first step of creating a budget — it’s easy and free. Then, let the numbers guide you to your next move. Your options include aggressive monthly payments, consolidation to lower-rate debt, full payoff via a life settlement or home sale, or bankruptcy.

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Meeting with doctor

How much does cancer treatment cost?

Assuming you have no health insurance, you could easily spend six figures chemotherapy, surgical procedures, prescription medications, and doctors visits. Some sources estimate a cancer treatment plan involving chemotherapy can range from $100,000 to $300,000. Specific to breast cancer, a mastectomy or lumpectomy alone — often required before chemotherapy begins — can cost $15,000 to $50,000. In terms of average cancer treatment costs, AARP estimates that patients spend about $150,000 in total. Where your costs fall relative to that average depends on the type of cancer you have and your treatment needs. 

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VA benefits

What is Considered Income for VA Benefits?

Understanding your eligibility for VA medical benefits can be challenging. To start, there’s a complex qualification system that considers service-related factors as well as your income. And, not all eligible veterans receive the same set of benefits. Your benefits package, for example, may range from limited healthcare services with full copayments to a broader set of medical and related services with no copayments at all.

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Holding someone's hand

How to Care for a Chronically Ill Family Member

The news that a spouse, parent, sibling, or child has been diagnosed with chronic illness stirs up a range of feelings, from guilt to grief. And then, before you’ve processed those feelings, you have to start addressing the practicalities of the situation. Who’s going to care for your chronically ill family member and how will your household adjust to this new reality, both emotionally and financially?

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