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How Medical Expenses Can Impact Retirement Savings and How to Protect Yourself

As older adults get closer to retirement, they often begin to educate themselves about Medicare. Those unfamiliar with the benefit sometimes think Medicare will pay for all their healthcare expenses once they are enrolled. The reality is, Medicare doesn’t cover all healthcare costs.

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What Questions Should You Ask on an Assisted Living Community Tour?

Touring an assisted living community for the first time may be intimidating and overwhelming. It can be difficult to know what to look for and what to ask on your visit. While a grand piano in the lobby and plush drapes are nice features, making a good decision means learning about the community’s quality of operation and care.

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What Types of Funding Do Assisted Living Communities Generally Accept?

The ins and outs of financing a move to an assisted living community can be confusing for older adults and their loved ones. While a family’s private funds usually pay for most expenses, there are additional programs and funding solutions that you should explore.

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Know Your Hospital Status: Inpatient or Observation?

If your senior loved one has recently been hospitalized, you may have had an unpleasant surprise when the bill arrived. The financial impact of a patient’s admission status can be shocking. Medicare patients often don’t realize there is a difference between being classified as “observation” and being admitted as a patient.

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Planning an Intergenerational Family Vacation on a Budget

After the hustle and bustle of the school year, most families look forward to the relaxed days of summer. Many use the time off to take a vacation. Including your family elders in your getaway can build bonds across generations. With thoughtful planning, it can be a memorable time for everyone.

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Helping an Introvert Prepare for a Move to Senior Living

Most people think of retirement communities as a place to enjoy social activities, take group trips to local and national destinations, and spend time socializing with neighbors. We picture an environment full of outgoing seniors joyfully engaged with life.

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What to Know about the Spousal Social Security Benefit

Most couples plan for a financially secure retirement for years before leaving the working world behind. While Baby Boomers are often part of a dual-income marriage, the generation before them isn’t. Among married senior couples, the husband was commonly the sole earner.

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Understanding the Medicare Skilled Nursing Benefit

Seniors and their families often find the Part A section of the Medicare benefit especially confusing, and for good reason. Medicare Part A covers a wide range of care, including hospital stays, skilled home health care, lab tests, hospice, and skilled nursing and rehabilitation centers. Each one has different coverages and deductibles.

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