Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
Over 7.5 million Americans receive Social Security Disability Insurance (SSDI) benefits. If you are approaching retirement age, you're likely asking: what happens to SSDI when I turn 62? Understanding this transition is key to your financial security.
While it may be a common concern, nursing homes do not receive a bonus or a windfall payment when a resident dies. The financial implications are related to settling outstanding balances, which are handled very differently depending on whether payments were private or funded by Medicaid. This guide clarifies the answer to the question: do nursing homes get money when someone dies?.
According to the U.S. Census Bureau, a significant percentage of adults over 65 will require some form of long-term care, leading to potential financial strain. Understanding what happens to unpaid nursing home bills is crucial for planning and protecting your family's assets against aggressive debt collection practices.
According to the 2025 Allianz Center for the Future of Retirement, 64% of Americans worry more about running out of money in retirement than dying. This reveals a deep-seated anxiety about financial security, answering the question: what is the number one fear of retirees? While financial concerns top the list, health issues and loneliness are also significant worries for many seniors.
According to the Department of Health and Human Services, a person turning 65 has nearly a 70% chance of needing some type of long-term care services and support in their remaining years. This is why understanding what is the main goal of the long-term care partnership model is critical for financial planning, providing an innovative way to protect your assets while planning for future care needs.
With the national average cost for assisted living frequently exceeding $4,000 per month, many families face a significant financial challenge. Understanding the diverse funding landscape is crucial for planning, as many sources exist to help determine who pays for assisted living. From personal savings to government aid, a mix of options can help cover the cost.
