You know the old mantra: When you turn 65 you are eligible for Medicare and Social Security. But matters are no longer that simple. And because growing numbers of older Americans are not taking Social Security benefits until past 65, they may be making poor Medicare choices or missing out on some benefits entirely--simply because the government is not telling them [...]
The Alzheimer’s Association predicts that finding a drug treatment for memory loss could save families and the government $935 billion over 10 years. But its report tells only part of the story and ignores key costs, including costs of the therapy itself. The group could have included an estimated price of those therapies in its report but chose not to, citing the uncertainties [...]
For the first time in years, there is hope that the U.S. can create a new model to help families finance long-term supports and services. The solution isn’t yet visible, and lawmakers won’t address the issue any time soon. But a wide range of private interests including long-term care providers, consumer groups, the insurance industry, and policy analysts seems to [...]
For years, it has been an article of faith that Medicare would not pay for services such as skilled nursing or physical therapy unless that care improved a patient’s health status. I cannot tell you how many times I’ve heard doctors, nursing homes administrators, and even case workers say Medicare would stop paying once a patient was no longer getting better. [...]