Senior Finance Center
Negotiating the ropes of senior finance can be difficult. Browse the articles below to learn more.
Long Term Care Insurance
Long-term care doesn’t have one hard or fast definition. In general, any chronic or disabling condition that requires nursing care or constant supervision can trigger the need for long-term care services. Long-term care insurance was introduced 30 years ago to supplement Medicare’s limited coverage for nursing home care. Learn more about long term care insurance…
Medicare: What is it?
Medicare is a national health care program that provides medical coverage to U.S. residents over the age of 65 years. Those under the age of 65 with certain disabilities and individuals with end-stage renal (kidney) failure may also qualify for Medicare benefits. The enrollment process is automatically initiated at the age of 65 years and consists of two parts, Part A and Part B. Read more about medicare…
Medicaid: A Brief Overview
Understanding Medicaid can be overwhelming at times especially as the laws can change annually. It is important to stay on top of your coverage and know your rights. You may be missing out on certain benefits that you didn’t even know you were eligible for. Learn more about Medicaid…
Medigap: What is it?
Medigap is a supplemental insurance plan that was designed to cover the gaps in coverage left by Medicare. Unlike Medicare, however, Medigap is not a government-sponsored insurance program. It is sold through private insurance companies and you purchase the policy on your own. Learn more about Medigap…
Medicare Part D: What is it?
Medicare Part D is Medicare’s prescription dug coverage plan. Like Medigap, it is sold through private insurance companies. Medicare beneficiaries who are entitled to Part A or enrolled in Part B may elect to enroll in Medicare Part D. Enrollment is voluntary. Learn more about Medicare Part D…
Veterans Benefits: A Brief Overview
Veterans benefits are wide-ranging, and cover education, health care, home loans, burial and more. This article details the health and long-term care coverage available to veterans and eligible family members though the benefit package administered by the Department of Veterans Affairs (VA). Learn more about veterans benefits…
Life Settlement: An Introduction
As you may know, most seniors need more money to live comfortably through their golden years. This is especially true when faced with unforeseen expenses such as assisted living and long-term care. The urgency of finding a significant amount of money quickly exacerbates an already stressful, emotional situation. For these seniors, the options can be bleak. The answer, a life settlement. Learn more about how a life settlement can help you…