Takeaways
Medicare is implementing changes in 2026 to lower prescription drug costs, enhance consumer protections, and test new care management approaches.
New negotiated prices for some prescription drugs and an annual out-of-pocket cap of $2,100 for Part D covered medications will lead…
Takeaways
Understanding your long-term care insurance policy and its specific requirements (benefit triggers, covered services, elimination periods) is crucial to preventing claim denials.
Common reasons for claims denials include insufficient medical documentation, preexisting condition exclusions, failure to meet elimination period requirements, and…
The effects of the federal government shutting down may not always seem direct or immediate, but the risks and disruptions are real.
Takeaways
Many older adults rely on federal programs for income, health care, and support services, making them particularly vulnerable to disruptions caused by a government shutdown.
While core benefits such as Social Security and Medicare payments are largely protected, administrative functions, customer…
Takeaways
Emotional wellness is critical, but often overlooked, for older adults in long-term care.
Approaches that do not involve medications (e.g., gardening, reminiscence therapy, social activities, and technology) show promise in improving emotional well-being.
Families can also play a vital role in supporting…
Takeaways
Social Security benefits will increase by 2.8 percent in 2026 due to the annual cost-of-living adjustment (COLA).
This increase applies to Social Security and Supplemental Security Income (SSI) recipients, with payments starting in January 2026 for Social Security and December 31,…
The Risks of Adding an Adult Child to Your Bank Account Many parents add an adult child to their bank account because they want help managing their finances. It can feel like a simple solution. A child can pay bills,…
Navigating Medicare alongside other health insurance types requires understanding which plan pays first to avoid penalties or coverage gaps.
Takeaways
A significant majority of older adults (nearly 70 percent) will require some form of long-term care, but many struggle to afford these services after covering housing costs, creating a “dual burden.”
There are significant disparities in affordability of long-term care services…
Takeaways
Many older adults underestimate their likelihood of needing sustained, day-to-day care in their later years, and a significant portion of adults aged 50 and older are not adequately planning for long-term care.
After decades of handling our daily personal care needs…
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