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Simple, Practical Tips for Aging in Place Safely

Takeaways

Most older adults prefer to remain in their own homes as they age. However, this comes with an increased risk of falls, which are the leading cause of injury and death in people 65 and older.
Fixing many of the hazards…

Your Unpaid Medical Debt Won’t Be Erased From Credit Reports

Takeaways

A recent federal court ruling reversed a rule that would have removed medical debt from credit reports, meaning this debt can continue to negatively impact credit scores.
Older adults are disproportionately affected by medical debt due to fixed incomes and health…

Giving to Grandkids? Consider Gift Tax, 529 Plans, and More

Takeaways

Grandparents should clarify whether financial assistance for their grandkids is a gift or a loan.

Consider 529 plans for education funding to ensure fairness and tax benefits.

Grandparents should also ensure their own financial security, especially regarding potential long-term care costs.

Grandparents often…

High Earners Over Age 50 Will Lose a 401(k) Tax Break

Takeaways

Starting in 2026, employees aged 50 and older who earn over $145,000 must make 401(k) catch-up contributions on an after-tax (Roth) basis, losing the immediate pretax deduction.
Affected high earners should check if their employer offers a Roth 401(k) option and…

How Medicare Changes in 2026 Will Affect Older Adults

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…

How to Prevent Long-Term Care Insurance Claim Denials

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…

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