As your parents age, their health needs can become more complex and costly to manage. Many seniors grapple with chronic health issues that require consistent care, medication or specialized treatment. You might be navigating the challenges of helping ensure your...
When planning for Medicaid, many individuals encounter myths and misconceptions, particularly concerning the look-back period. A common misunderstanding is the so-called "7-Year Rule," where many believe that Medicaid scrutinizes an applicant's financial transactions...
There are many scenarios in which guardianship might be necessary in New York. Perhaps parents who have a child with special needs worry about them aging out of crucial forms of support. Maybe adult children have watched their parent's decline in health in recent...
Medicare is available for most older adults. Both those who have worked jobs and those married to working individuals for a decade or longer may qualify for Medicare later in life. Retired adults rely on Medicare to cover their basic healthcare expenses. Some adults...
Many people have misconceptions about retirement benefits, including Medicare coverage. Quite a few people find the different types of Medicare coverage confusing. That statement even applies to those already enrolled in Medicare plans. The average retiree and those...
Estate planning often prioritizes the legacy someone leaves when they die, but people can draft an assortment of documents that achieve a number of different goals. Often, people plan for their financial and medical needs during retirement in addition to providing...
Although many older adults in New York eventually require Medicaid benefits to pay for long-term care, many people fail to actively plan to qualify for those benefits. They operate under the assumption that they can meet the necessary standards to qualify if they need...
The law in New York establishes a few situations in which people can request guardianship. Article 81 grants concerned adults the option of seeking legal authority over someone struggling with health issues or cognitive decline. Someone who becomes a guardian of an...
In healthcare and financial planning, Medicaid stands as a pillar of support for those in need. With its wide-ranging coverage, Medicaid has been a lifeline for countless individuals and families. This government assistance program provides medical coverage to...
As you get older, you naturally want to find as many ways to save money as possible. Healthcare is a particular area that puts a lot of financial pressure on New Yorkers as we age. And conditions like dementia, diabetes, heart disease and hypertension can strike...
