Tag Archives: Medicare

Nursing Home Costs Rise Sharply in 2017

Elderlawanswers.com reports that the median cost of a private nursing home room in the United States has increased to $97,455.00 a year, up 5.5% from 2016, according to Genworth 2017 cost of care survey, which can be found at www.genworth.com/aboutus/industry-expertise/cost/of-care.html which the insurer conducts annually.  Genworth reports that the median cost of a semi-private room in a nursing home is $85,775.00, up 4.44% from 2016.  The rising prices is much larger than the 1.24% and 2.27% gains, respectively in 2016. Continue reading

Medicare: Closing the “Donut Hole”

The government has made a commitment to close the “donut hole” gap in Medicare coverage by 2020, but many current beneficiaries still find themselves falling into this pricey crevasse. Continue reading

5 Ways for Congress to Back Retirees

By Jennie L. Phipps · Bankrate.com

posted Thursday, January 15, 2015

  • Being old and poor in the U.S. isn’t easy — or uncommon.

In 2010, about 26 percent of people 65 and older had individual incomes that were between the federal poverty level — $10,458 — and 200 percent of the poverty level — $20,916. Another 9 percent had incomes below the federal poverty level, according to the U.S. Census Bureau.

That adds up to more than a third of people 65 and older living on less money than it takes to enjoy a secure retirement. Continue reading

What is Elder Law??

South Carolina Elder Law Attorney, Mitchell Paine, recently shared the following thoughts on my Elder Care Matters Website. What is elder law? It is a question I am often asked and I think my colleague, Mr. Paine, gives an extraordinary answer.

Well among attorneys there seems to be no clear definition for the term elder law because it encompasses so many areas. An elder law attorney will be involved in estate planning, Medicaid eligibility, Medicare law, Social Security law, Wills, Trusts, Probate, retirement planning, healthcare planning, disability incapacity, dementia, Alzheimer’s, and the list goes on.

Perhaps the best definition of elder law is “an area of law which applies a holistic approach to addressing the unique legal needs of senior citizens, including retirement benefits, estate planning, healthcare, and other issues.”

Continue reading