A money manager can provide oversight and add value When Johanna Garsenstein visited her aging mother in Evanston, she was alarmed to see a large pile of envelopes asking for charity donations. “I knew something weird was going on,” she says. “As she got older and sicker, if anyone would ask her, she’d start opening […]
Understanding changes in long-term care insurance We’re two years into the Covid-19 pandemic, and it’s hard to find an industry unaffected by change. The long-term care insurance industry is no exception. As a Read More
Solo agers must make plans for support Older adults are living longer and — more often — living alone in older age, creating a care-planning conundrum. About 26% of women and 19% of men between age 65 and 74 live alone, Read More
With staff shortages and residents’ social isolation, what needs to change in our nation’s nursing homes? Undeniably, the pandemic has exposed vulnerabilities in our nation’s long-term care facilities, including skilled nursing facilities and Read More
Joan, an 81-year-old resident of the Chicago suburbs, recently fell into the “donut hole.” That’s the name for a Medicare coverage gap that requires people to pay more for their medications after the individual Read More
What happens to your online accounts, photos, and files after you die? Imagine if, at the time of your death, someone had to secure every digital asset that you owned or controlled. How easy — or Read More
Fraudsters are here to stay — know how to protect yourself Joan Waxman, a program manager at North Shore Senior Center, was last unemployed 11 years ago. But in 2020, she received a letter about her unemployment benefits. Read More
Look outside the box to pay for long-term care Ask someone about their ideal living situation in their golden years, and they’ll likely say they hope to live a healthy, independent life into their 90Read More
There is a simple and unsettling reality in the United States. Many Americans don’t feel financially prepared for healthcare costs in retirement. In a recent study of U.S. adults ages 50 to 64, nearly 45% had Read More
This year, there is a host of adjustments to Medicare that both new enrollees and existing beneficiaries will need to navigate. In order to get the most from your plan, it’s important to understand Read More