Paying for Senior Care

A new study indicates that offering medicine free of charge doesn't significantly incentivize people to follow a prescription drug regimen.

People with Alzheimer's disease and their caregivers should check their Medicare prescription drug coverage annually for changes specific to their prescribed medications and dosage.

Many seniors who are covered by Medicare are paying more than they need to for prescription drugs, according to a new study.

Medicaid isn’t in the business of “taking” seniors’ homes. But when a nursing home resident on Medicaid dies, the state may seek repayment by filing a claim against their estate, which usually includes exempt assets like their primary residence.

Family members who are caring for elderly loved ones are contributing more unpaid labor to society than two years ago, and that's straining families to the breaking point, according to a new report from AARP.

Medicare does not cover the cost of adult day care, but seniors can receive financial assistance and respite care services through Medicaid, the VA and other community support programs.

Splitting pills is a move that can save money, but it could be dangerous. Find out what medications are safe to split and how to do so safely.

Low-income seniors with limited assets may be able to receive more comprehensive health care coverage through both Medicare and Medicaid.

Everyone, regardless of age, should consider long-term care insurance to pay for the cost of home care, assisted living or nursing homes.

Regulations regarding physical, occuptional and speech therapy vary by state. Check with providers in your area to see if your father needs a doctor's referral before getting rehabilitation.

An individual's disability income must be applied to nursing home bills before Medicaid will pick up the difference.

If an elder's Medicaid long-term health care benefits run out, assisted living facilities and nursing homes are legally allowed to ask elders who can no longer pay to leave.

Many families use multiple pharmacies to save money. But when a patient goes to more than one pharmacy, it increases the potential that possible significant interactions may be overlooked and the patient can experience serious problems.

Medicaid long-term care eligibility requirements can be confusing. Learn how a senior can qualify for Medicaid and what long-term care services are covered.

When a sibling begins emphasizing cost reduction and the provision of unpaid care, it usually means they aren’t interested in what’s best for their parents or even what’s fair to the primary caregiver. Instead, they’re more concerned about financial gain.

Veterans who are confined to their homes due to age, illness or disability may be able to receive a tax-free monetary benefit from the VA to help them pay for long-term care and support services.

Family members could become paid caregivers through the Cash and Counseling or Consumer Direction Care Medicaid Programs. Learn about eligibility requirements, how to apply and benefits you could receive.

For some homeowners, a reverse mortgage may be the best way to provide retirement income or pay off debts. However, seniors have other options that may make more sense than a reverse mortgage, depending on their goals and financial situation.

There is a foundation that operates the largest public service program in America, including individual eye care. Click to read Dr. Maisel's full answer.

Comparing prices before filling a prescription can save caregivers and their senior parents a substantial amount of money on medication costs.