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Your place for the latest political issues and government decisions regarding retirement related issues.



Watch Out for Medicare Part D Scams
Tuesday, 08 April 2008

Sunrise Senior Living

With the price of prescription drugs on the rise, the federal government enacted Medicare Part D, a prescription drug plan for those who qualified for Medicare. The program was introduced in January 2006, and just two years later over 25 million seniors were enrolled.

They are to be congratulated for making sense of this complex initiative.  Out-of-pocket expenses under the standard Medicare Part D plan are determined by a complicated formula that includes a coverage gap, popularly called the doughnut hole, that occurs before enrollees qualify for catastrophic coverage.

Read more...
 
The Medical Consumer: Veterans' Benefits
Monday, 10 March 2008

Sunrise Senior Living 

Last year’s exposé of substandard conditions at Walter Reed Army Medical Center had the unfortunate effect of tarnishing the reputation of the Department of Veterans Affairs health system even though Walter Reed is run by the Department of Defense, a separate government agency. In fact, during the last decade, the VA has earned a reputation for providing excellent care, especially for older veterans. Its services are largely free, except for small copayments from higher-income patients.

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Medicaid and Long Term Care
Tuesday, 03 July 2007
By Craig E. Berman

The cost of long term care in this country has been spiraling for years, forcing families and their advisors to become innovative about how to finance the treatment of long term disease and disability. The problem has been wind in the sails of those selling long term care insurance and other financial instruments helpful in preparing for retirement. It has also forced many people to seek counsel regarding Medicaid, the federal government’s health care program for lower income individuals, including impoverished senior citizens receiving long term care services.
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Scams And Seniors
Tuesday, 04 July 2006

By, safefromscams.co.uk

Scam artists are eager to take advantage of people. But they’re especially eager to find older victims who can seem like easy targets. Here are some of their tricks, and the ways you can foil the scammers.

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Spousal Impoverishment
Thursday, 30 June 2005

From Solutions for Better Aging

Section 1924 of the Social Security Act; U.S. Code Reference 42 U.S.C. 1396r-5)

The expense of nursing home care -- which ranges from $2,000 to $3,000 a month or more -- can rapidly deplete the lifetime savings of elderly couples. In 1988, Congress enacted provisions to prevent what has come to be called spousal impoverishment, which can leave the spouse who is still living at home in the community with little or no income or resources. These provisions help ensure that this situation will not occur and that community spouses are able to live out their lives with independence and dignity.

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