by mbaker | May 22, 2019 | Elder Care
It is an unfortunate reality that many seniors will become victims of elder abuse, and that these incidents of elder abuse add more than $5 billion per year to healthcare expenses in the United States. One report from the National Center on Elder Abuse estimated...
by mbaker | May 15, 2019 | Elder Care
Many states have laws in place that make adult children responsible for paying for their parents’ medical care in certain circumstances. While these laws are not always (or even frequently) enforced, it is still worth understanding them to determine if you have any...
by mbaker | May 8, 2019 | Elder Care, Medicaid / MassHealth
As you may know, any gifts or assets you transfer within 60 months of applying for Medicaid benefits are subject to penalties. This 60-month or 5 year timeframe is what’s called the “look back” period. These penalties are not calculated in a dollar figure, but rather...
by mbaker | May 1, 2019 | Financial Management, Retirement Planning
As the saying goes, the best time to start saving for your retirement is in your early 20s, but the second-best time is right now. If you’re looking to begin saving for your retirement, starting an IRA is a solid way to begin your planning. However, the prospect of...
by mbaker | Apr 25, 2019 | Elder Care, Medicaid / MassHealth
Medicaid is a federal healthcare program that offers free or low-cost healthcare to qualifying adults and children with low incomes. The program is federally and state-funded, and each state has control over its own Medicaid program — for example MassHealth in...