“Observation Status” – In Spite of New Laws, What You Don’t Know Can Still Cost You!

You have an urgent medical problem, so you go to the hospital, where you remain for several days. Your doctor then recommends a short stay in a nursing home for rehabilitation.  Because you’re covered by Medicare, you assume those nursing home costs will be paid for, since Medicare typically covers up to 100 days of…

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Caregivers who Handle a Loved One’s Finances Face Higher Stress

An article just published on the aging-related website NextAvenue should be a must-read for anyone who is caring for an aging loved one or family member. It’s called “Caregiving’s Taboo Subject: Coordinating the Finances.” The story, written by NextAvenue’s Money and Work Editor Richard Eisenberg, reveals some surprising findings about how many caregivers are responsible…

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Some Surprising Things Millennials Want to Hear from Boomer Parents

Here at AgingOptions, one of the hallmarks of our LifePlanning process involves clear, complete family communication. Over the years we have dealt with many difficult situations in which Mom and Dad never sat down with their adult kids to go over their retirement plan and explain their wishes and preferences as they age. This lack…

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Proposed Law Requires Medicare to Warn of Steep Late Fees

We’re still in open enrollment season for Medicare – it continues through early December 2017 – and maybe you’ve decided, even though you’re 65, that you don’t need to enroll because you’re feeling fine and don’t need health insurance. Well, this recent article from the news website Reuters says you’d better do your homework, because…

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It’s Time for Doctors to Talk with their Patients about Drug Costs!

“It seems that everyone’s talking about the high costs of drugs—to friends, with family, on social media—but where those conversations are not happening often enough is at the doctor’s office.” So begins this important article that appeared in the pages of Consumer Reports. Although the article was written a while back, it reflects a situation…

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CBS Calls Reverse Mortgage the “Rodney Dangerfield of Retirement”

Earlier this year, we ran across an article that we wanted to share again, because we think the premise is still valid. In spite of all its advantages, and an ever more robust set of legal safeguards, there are still millions of homeowners apparently unwilling (or too uninformed) to take advantage of one of the…

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