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Other Financial Issues
By Editor, on May 7th, 2013
Two new Harvard studies published May 6 in the journal HealthAffairs have examined the causes of a dramatic slowdown in the growth of health care spending that the U.S. has experienced in recent years. They have concluded that the . . . → Read More: Slowdown in Health Care Spending May be Here to Stay, Harvard Studies Suggest
By Editor, on December 10th, 2012
The Social Security Administration (SSA) on December 6 issued a press release, announcing that it has added 35 medical conditions to its list of “Compassionate Allowances” – a list of serious diseases and medical conditions for which one is . . . → Read More: 35 More Medical Conditions Fast-Tracked for Disability Benefits, Social Security Announces
By Editor, on December 5th, 2012
The U.S. Social Security Administration (SSA) has added to its website a new feature called My Social Security, which allows you to set up your personal account and access your social security information online at any time. The information . . . → Read More: Social Security Statements Now Available Online – at My Social Security
By Editor, on November 8th, 2012
November has been designated as Long-Term Care Awareness Month. As part of this observance, the U.S. Department of Health & Human Services issued a release yesterday, containing useful information on long-term care for seniors and their family caregivers. The . . . → Read More: Planning Ahead for Long-Term Care
By Editor, on October 16th, 2012
The U.S. Social Security Administration (SSA) announced today that Social Security benefits will increase by 1.7% in 2013, as a result of a cost-of-living adjustment. The 1.7% increase will benefit nearly 62 million Americans receiving Social Security or Supplemental . . . → Read More: Social Security Benefits Will Increase by 1.7% in 2013, SSA Announces
By Editor, on September 23rd, 2012
Secretary of Health and Human Services (HHS) Kathleen Sebelius announced that $12.5 million in awards funded by the Affordable Care Act and the Older Americans Act will be made to local Aging and Disability Resource Centers (ADRCs) to help . . . → Read More: New Resources to Help Seniors & Those With Disabilities Stay Independent Provided under Affordable Care Act
By Editor, on September 19th, 2012
On the occasion of Hispanic Heritage Month, which begins September 15, Secretary of Health & Human Services, Kathleen Sebelius issued a Statement, reaffirming the commitment of HHS and the Obama Administration to reducing the disparities in health care access . . . → Read More: In Hispanic Heritage Month HHS Reaffirms Commitment to Improving Health Care Access & Celebrates Progress Made under Affordable Care Act
By Editor, on August 31st, 2012
“If you served in the active military, naval, or air service and were honorably discharged or released, you may qualify for VA health care benefits, including hospital services,” according to an e-mail announcement issued August 30 from USA.gov, the . . . → Read More: Do You or Your Senior Loved One Qualify for Veterans Health Care Benefits?
By Editor, on August 23rd, 2012
The U.S. Department of Health & Human Services announced a new tool to help you find out how the Patient Protection & Affordable Care Act (President Obama’s signature Health Care Law – which some call “Obamacare”) is benefiting people . . . → Read More: HHS Provides Tool to Find Out How the President’s Health Care Law Benefits You & Your State
By Editor, on August 19th, 2012
Family caregivers — the vast majority of whom are women — may be surprised at the positions Congressman Paul Ryan, Mitt Romney’s choice for his running mate, has consistently taken on women’s health and reproductive rights issues. Recent news . . . → Read More: Paul Ryan Takes Surprising Positions Against Women’s Health & Reproductive Rights
By Editor, on August 16th, 2012
By selecting Paul Ryan as his running mate, former Governor and Presidential Candidate Mitt Romney has taken action that backs up and gives teeth to his previous endorsements of the Ryan Budget Plan and his promise to sign it . . . → Read More: Ryan-Romney Budget Proposals Would End Medicare as We Know It & Cut or Eliminate Programs for Poor, Elderly & Vulnerable
By Editor, on August 15th, 2012
The U.S. Department of Health and Human Services (HHS) announced today that it has formed partnerships with several pharmacies to help inform and educate seniors and others on Medicare about the several new benefits that are made available to . . . → Read More: People on Medicare Can Now Get Information from Pharmacies about New Benefits Available to Them under Affordable Care Act, HHS Announces
By Editor, on June 24th, 2012
The U.S. Department of Health & Human Services (HHS) announced Wednesday that it has awarded $128.6 million of new grants to expand Community Health Centers in 41 states, the District of Columbia, Puerto Rico and the Northern Mariana Islands. . . . → Read More: HHS Announces $128.6 Million of New Grants to Expand Community Health Centers Under Affordable Care Act — Will Serve 1.2 Million More Patients & Create Over 5,000 Jobs
By Editor, on May 18th, 2012
May is Older Americans Month, a time to recognize and honor the guiding wisdom and contributions of our nation’s seniors. Older Americans Month is declared each year by Presidential Proclamation. See President Proclaims May as Older Americans Month for . . . → Read More: Govt Provides Links to More Senior Resources for Older Americans Month
By Editor, on May 1st, 2012
The U.S. Department of Health and Human Services (HHS) today announced the awarding of grants totaling $728 million to Community Health Centers nationwide under President Obama’s Health Care Law, the Patient Protection & Affordable Care Act (“Affordable Care Act”). . . . → Read More: HHS Announces $728 Million of Funding for Community Health Centers Under Obama’s Health Care Law
By Editor, on April 21st, 2012
Money Smart Week® classes and events for consumers in 30 different States — those indicated in green on the map at left. To find classes and other events (primarily in libraries) in your area, click HERE or click on . . . → Read More: Money Smart Week April 21-28 – Classes & Events to be Held in 30 States
By Editor, on April 9th, 2012
Several new reports have indicated that, facing rising healthcare costs and high-deductible health insurance or no insurance, patients and consumers are increasingly negotiating lower medical bills directly with their doctors, hospitals, and other health care providers. And, new resources . . . → Read More: You Can Negotiate Lower Prices for Health Care, New Reports Suggest
By Editor, on March 27th, 2012
On March 23, 2012, the White House issued a new report summarizing in simple and clear terms what the Patient Protection & Affordable Care Act (Affordable Care Act), which some call “Obamacare,” actually does. In short, as its name . . . → Read More: White House Issues New Report on Benefits of Affordable Care Act & Debunks Myths About It
By Editor, on February 15th, 2012
The U.S. Justice Department and Department of Health and Human Services (HHS) issued a joint news release on February 14, 2012 in which they reported a record recovery of $4.1 Billion in taxpayer dollars in fiscal year 2011, due . . . → Read More: Government Reports Record $4.1 Billion Health Care Fraud Recovery in 2011
By Editor, on November 30th, 2011
The National Institute on Aging (NIA), part of the National Institutes of Health, under the U.S. Department of Health & Human Services (HHS), provides a useful resource list with excerpts and links to multiple sources of information on Legal . . . → Read More: Legal and Financial Issues for People with Alzheimer’s Disease: A NIA Resource List
By Editor, on November 29th, 2011
The National Family Caregivers Association (NFCA) and AARP are co-sponsoring a free Webinar on November 30 at 7:00 p.m. (Eastern Time) on the topic: “When It’s Time To Intervene – Helping With A Loved One’s Financial Affairs.” Here is . . . → Read More: AARP & NFCA Sponsor Free Webinar on Helping With A Loved One’s Financial Affairs
By Editor, on September 24th, 2011
What can you do as a Baby Boomer and family caregiver to secure your retirement future against the threat of rising health care and long-term care costs? Here are some links to information that may be helpful to you . . . → Read More: Retirement and Long-Term Care Planning Tools
By Editor, on September 22nd, 2011
HHS Secretary Kathleen Sebelius announced on September 20, 2011 that under the Affordable Care Act, 28 states and the District of Columbia have been awarded grants totaling $109 million, to help fight unreasonable health insurance premium increases and protect . . . → Read More: Grants to States under Affordable Care Act Help Fight Health Insurance Premium Hikes
By Editor, on August 9th, 2011
The U.S. Centers for Medicare & Medicaid Services (CMS), announced on Friday that they have launched new online tools for patients and caregivers to “empower consumers to make informed choices about their health care,” as well as other initiatives . . . → Read More: Medicare Adds New Online Tools to Help Health Care Consumers
By Editor, on August 8th, 2011
The U.S. Department of Health & Human Services (HHS) announced today that this week, August 7th-13th, is National Community Health Center Week. This is “an opportunity to recognize the vital work of community health centers, which provide high . . . → Read More: National Community Health Centers Provide Primary & Preventive Care to 20 Million
By Editor, on July 29th, 2011
A new report, from the Office of the Actuary at the Centers of Medicare and Medicaid Services (CMS) in Baltimore, and published in the journal HealthAffairs on July 28, 2011, projects that overall U.S. health care costs will grow . . . → Read More: Health Care Costs to Increase by 5.8% Per Year, CMS Projects; Baby Boomers Worry About Long-Term Care
By Editor, on July 21st, 2011
The U.S. Government’s official web portal, USA.gov, indicates that as of July 20, 2011, updated information has been added to several government websites providing information and resources on prescription medications, drug interactions, and coverage of prescription drug costs. Many . . . → Read More: Updated Information on Prescription Drugs Provided by US Govt Websites
By Senior Editor, on July 18th, 2011
While many discounts to seniors begin at 55 years of age, some start as early as 50. Listed below are some sites that may help you save for yourself, your elderly loved one, or both of you. Some things . . . → Read More: Tips on Finding Senior Discounts
By Senior Editor, on May 7th, 2011
Some tips from Medicare.gov on buying generic drugs and entering a discount prescription program. Click 10 ways to reduce your drug costs» See also the ABC Diane Sawuer News Video report on how to cut the cost of . . . → Read More: How To Save On The Cost Of Prescription Drugs
By Editor, on February 15th, 2011
Here are nine frequently asked tax questions for family caregivers, listed by the U.S. Internal Revenue Service (IRS) on its website. Click on the links below to find the answers provided by the IRS for each question: 1. I . . . → Read More: Nine Tax Questions For Family Caregivers: FAQs & Answers from the IRS
By Page Editor, on February 15th, 2011
Here is a copy of information provided on the IRS.gov website on: Family Caregivers and Self-Employment Tax: “Special rules apply to workers who perform in-home services for elderly or disabled individuals (caregivers). Caregivers are typically employees of the individuals . . . → Read More: Family Caregivers and Self-Employment Tax – Information from the IRS
By Editor, on February 14th, 2011
Tax tips for Caregivers from a tax attorney, including brief tips on the following eight topics: Claiming a Dependent Dependent Care Credit Deduction Qualifying Criteria Multiple Support Agreement State Deductions and Credits Home Modifications Reimbursement Accounts In Home Assistance . . . → Read More: Eight Tax Tips for Caregivers
By Senior Editor, on February 13th, 2011
If you as a caregiver provide at least half of a care recipient’s financial support… If you are paying for some or all of a care recipient’s medical or dental expenses… you may be entitled to tax breaks. Read . . . → Read More: Tax Breaks for Family Caregivers
By Editor, on December 29th, 2010
This article, part of a WSJ.com series with tips on elder-care, cites a series of new studies and reports on the emotional, physical and financial challenges of caring for aged or disabled loved ones. It suggests that just as people train for marathons and other . . . → Read More: Training to Be a Family Caregiver
By Editor, on December 29th, 2010
Read more in WSJ.com about a growing trend for families to compensate adult children or relatives who serve as caregivers to elders. This trend may be fueled by a recognition of the financial sacrifices that family caregivers often make — frequently finding it . . . → Read More: Growing Trend: Paying a Relative to Take Care of Mom
By Senior Editor, on November 9th, 2010
Tax Breaks on Medical Care, SmartMoney.com, January 4, 2008. Summarizes the rules on deducting medical expenses on your Federal income tax return (assuming you itemize deductions). Includes the following clarification regarding deductibility of medical expenses you paid for a . . . → Read More: Tax Breaks on Medical Care
By Senior Editor, on November 9th, 2010
IRS Tax Topic 502 – Medical and Dental Expenses, Overview of which medical and dental expenses you can deduct and whose expenses you can deduct (which includes your own and those you paid for your dependents). Note the explanation . . . → Read More: IRS Tax Topic 502 – Medical and Dental Expenses
By Senior Editor, on November 9th, 2010
To Find Other Federal and State Financial Benefit Programs that may be available to help Elderly Adults Pay for prescription drugs, health care, rent, utilities, and other needs »View Details This is a website developed and maintained by the . . . → Read More: To Find Other Federal and State Financial Benefit Programs…
By Senior Editor, on November 9th, 2010
Financial Information For Family And Friends Of People At The End Of Life, Caringinfo.Org, by The National Hospice And Palliative Care Organization. Identifies sources of financial help, and provides financial advice, and links to help you find a financial . . . → Read More: Financial Information For Family And Friends Of People At The End Of Life
By Senior Editor, on November 9th, 2010
Money Tips: Five tips for moving a parent into your home, by Marshall Loeb, Market Watch – February 24, 2008. “(1) Get your legal ducks in a row, (2) Understand the finances, (3) Retrofit your home, (4) Arrange for . . . → Read More: Money Tips: Five tips for moving a parent into your home
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Would Medicare-For-All be the Answer for our Health Care System?
In an editorial published by the Huffington Post on January 24, 2013, John Geyman, M.D., Professor Emeritus of Family Medicine at the University of Washington School of Medicine, makes a case that the Affordable Care Act (ACA) only goes . . . → Read More: Would Medicare-For-All be the Answer for our Health Care System?