Tag: Elder Law
Appeals court in Iowa rules state does not have to protect nursing home residents from predator. The State of Iowa asked a court for permission to release William Cubbage, a dangerous sexual predator in Iowa’s treatment program, and place him in a nursing home. The court found Cubbage was still dangerous but agreed to placement […]
Counties that have a large population of wealthy elderly people also have problems with brokers. Broker misconduct is costing elder Americans $17 billion annually, according to estimates from the White House. An article in Forbes entitled “What Your Aging Parent’s Broker Isn’t Telling You” details a recently released study conducted over a 10-year period by […]
New Medicare rules will reduce the $20 billion payments to doctors for administering prescription medications. Medicare Part B reimburses doctors for administering prescription medication to a patient in a doctor’s office or hospital outpatient facility for the cost of the drug plus an additional 6%. Because the more expensive the medication the more the doctor […]
Older Americans may take advantage of sharing economy to earn extra money or find a place to live. Uber and AirBnB have taken the lead in the new sharing economy despite the controversies surrounding the pros and cons of such services. The services avoid regulations when sharing rides or finding places to stay but there […]
The terms guardian and conservator are often used interchangeably despite having different meanings. Guardian and conservator mean two different things but are often used interchangeably resulting in confusion for the average person. The Motley Fool explains the different responsibilities in “What Is the Difference Between Conservatorship and Guardianship?“. Traditionally, a guardian is a person designated […]
Senior Lives Matter aims to raise the issue of abuse of the elderly to the Presidential campaign trail. The cost of long term care, elder abuse and problems in guardianship systems have not created much discussion on the Presidential campaign trail despite the fact that seniors are left vulnerable to abuse. There is a chance […]
UCLA has conducted a study on Medicare and found that prices are often inflated and payments are a problem. Medicare pays a set amount for each procedure despite the amount of the bill from health care providers. But a study conducted by UCLA and reported by Medical News Today in “UCLA study finds inflated charges, […]
AARP study reveals cost of medications most commonly used by seniors rising faster than inflation. While Presidential candidates don’t agree on most every subject, they are generally in agreement on one: the cost of prescription drugs is too high. Several candidates have suggested that allowing the government to negotiate prescription prices with drug companies would […]
A report with recommendations has been issued by a group of experts on the long-term care policies in the U.S. A report on the financing of long-term nursing home care has come at a time when the aging population in the U.S. needs even longer stays in nursing homes and the question continues on how […]
The funding of a trust is necessary if you set it up as part of your estate plan but not all of your assets necessarily belong in the trust. As you go through the process of setting up an estate plan with an “irrevocable trust” or a “revocable trust,” it is important to remember that […]
