The New York Times recently published an article detailing the state of long-term care in the United States compared with other countries. Japan assures coverage through mandating the purchase of long-term care insurance by individuals over 40. The Netherlands covers...
A bipartisan group of legislators recently introduced the SSI Savings Penalty Elimination Act in Congress. If passed, the act would increase the asset limit for SSI beneficiaries to $10,000 per person and $20,000 per married couple. These asset limits would also be...
The Social Security Administration (SSA) recently announced the cost-of-living adjustments that will take effect in January 2024. The maximum Supplemental Security Income (SSI) payment will increase from $914 to $943 per month for eligible individuals. For eligible...
According to an article by the Missouri Independent, over 50,000 Missouri Medicaid recipients have lost coverage in the first two months of the Medicaid renewal process. The renewal process, which was paused during the COVID-19 pandemic, resumed in June 2023. The...
The FBI recently released its annual elder fraud report for 2022. According to the FBI, losses from elder fraud increased 84 percent in 2022 when compared with the previous year. The losses from fraud in 2022 totaled $3.1 billion and affected over 88,000 people over...
A government report projects that costs for nursing home, continuing care retirement communities, and home care will continue to rise in coming years. The Centers for Medicare and Medicaid Services (CMS) predicts that nursing home and continuing care retirement...