Category: News

CMS Revises Hospice Medications Guidance

When Medicare beneficiaries elect the hospice benefit, they waive Medicare coverage for all care and services related to the terminal illness that are not on the hospice plan of care and provided through the hospice provider. This means that when a terminally ill beneficiary elects hospice, all of the medications needed to control the pain [..]

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Congress Passes ABLE Act

Congress passed the ABLE Act yesterday, which creates tax-favored accounts for children and adults whose disability occurred before age 26. The ABLE Act allows these tax-favored accounts to receive up to the annual gift tax exemption (currently $14,000 per year). Beneficiaries are restricted to one account, but anyone could contribute to their account. Modeled after [..]

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Is That Hospice Safe?

The typical hospice in the United States undergoes a full government inspection about once every six years, according to federal figures, making it one of the least-scrutinized areas of U.S. health care — even though about half of older Americans receive hospice care at the ends of their lives. By contrast, nursing homes are inspected [..]

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Boomer Wealth Dented By Mortgages Poses Risk

Mortgage-burning parties in the U.S. may be going the way of home milk deliveries and polyester leisure suits. A growing number of homeowners are reaching retirement age still owing money on their houses. The share of Americans 65 and older with mortgage debt rose to 30 percent in 2011 from 22 percent in 2001, according [..]

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A Third of People Have Nothing Saved for Retirement

A third of people (36 percent) in the U.S. have nothing saved for retirement, a new survey shows. In fact, 14 percent of people ages 65 and older have no retirement savings; 26 percent of those 50 to 64; 33 percent, 30 to 49, according to the survey conducted forBankrate.com, a personal finance website. Other [..]

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Many Meds Taken by Seniors Can Raise Risk of Falls

Half of the 20 most commonly prescribed medications taken by older adults may raise the risk of falls, according to new research. Painkillers and antidepressants were most strongly tied to a greater likelihood of being injured in a fall, in those over age 65. More than 40 million people in the U.S. are over 65 [..]

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Warning Signs That May Indicate Financial Exploitation

A variety of things you observe or detect may signal that a resident or family member is a victim of financial exploitation. Here is a list of many of the “red flags” that you might spot. 1.         Things a resident tells you or that you observe concerning the resident: Resident, regardless of cognitive impairment, complains [..]

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Programs Available to those in Need of Long-Term Care


Seniors have limited options in regard to paying for long-term care. When organizing long-term care, individuals and families must navigate the benefits and requirements of numerous programs, support systems and products, such as: 1.         The Role of Medicare Medicare is an unfulfilled promise for many Americans with chronic illnesses. Under this program, eligibility is determined [..]

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Medicare Part D Premiums Up $1 from Last Year

Medicare Part D premiums are expected to stay relatively flat in the next few years, according to a new report, despite concerns with rising cost of specialty drugs. The Centers for Medicare and Medicaid Services said it estimates the premium for a basic Medicare Part D plan will only go up $1 next year to [..]

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