Most Americans in, or near, retirement know too little about Medicare, causing them to pay far more out-of-pocket for retirement medical care than they should and make big Medicare mistakes.
Many people believe Medicare — the federal health insurance program for people 65 and older — covers all or most retirement medical expenses. It doesn’t. The average Medicare beneficiary pays $8,000 or more for medical expenses annually, or about half the medical costs he or she incurs. And at least 90 percent of Medicare beneficiaries pay more out-of-pocket for their medical care than necessary, according to Katy Votava of Goodcare.com, an independent consulting firm specializing in the economics of health care.
Fortunately, you can reduce out-of-pocket payments for retirement medical care whether you enroll in traditional Medicare (also known as Medicare Part B) or in a Medicare Advantage plan (also known as Medicare Part C), offered by private companies to cover Medicare benefits. Read more.
The financial foundation of retirement income for all but society’s wealthiest sliver is Social Security. But if your parent or another loved one has dementia, how can you ensure those Social Security benefits be managed properly? Turns out, the Social Security Administration has a little-known program to help. Read more.
As long as aging parents are handling their own finances and managing day-to-day living at home, adult children don’t think much about needing to know the location of their parents’ important documents. However, a parent’s unexpected health event could precipitate an immediate need to get your hands on key information and secure valuables. That’s why now, before something happens, is a good time to talk to aging parents about what you may need to get someday. Read more.
As the number of aging baby boomers increases drastically in the coming years, where these older adults choose to live will no doubt impact the senior living industry.
The population 65 and over increased from 36.6 million in 2005 to 47.8 million in 2015 and is projected to more than double to 98 million in 2060, according to a recent report from the Administration for Community Living.
States that saw the largest increase in adults 65 and older from 2005 to 2015 include Arizona with a 48% increase, Colorado with a 53.8% hike, Georgia with 50.2%, South Carolina with 48.9% and Nevada with 55.3%, according to the report.
The two states that had the most residents 65 and older in 2015 were California and Florida with 5,188,754 and 3,942,468 respectively. Read more.
About 1.4 million residents of nursing homes across the country now can be more involved in their care under the most wide-ranging revision of federal rules for such facilities in 25 years.
The changes reflect a shift toward more “person-centered care,” including requirements for speedy care plans, more flexibility and variety in meals and snacks, greater review of a person’s drug regimen, better security, improved grievance procedures and scrutiny of involuntary discharges. Read more.
As people age, one of the most important things to do is preserve memory and the ability to think clearly. Now, scientists found a new way to boost brain power among older adults - taking an hour nap after lunch.
Though the researchers found that a longer or shorter nap did not produce the same results, the study shows that sleep plays a vital role in helping older adults maintain their healthy mental function. Read more.
Assisted living is expensive. Families that know a loved one needs assisted living care typically struggle to make the numbers work. When you’re in the position of figuring out how to pay for an assisted living facility for yourself or a loved one, every little bit counts.
And you may be able to get a little bit of a break come tax time. Read more.
Previous research has suggested loneliness may be associated with Alzheimer's disease among older adults. A new study supports this link, after identifying a marker of early Alzheimer's in the brains of seniors with greater self-reported loneliness
Study co-author Nancy J. Donovan, of Brigham and Women's Hospital and Harvard Medical School in Boston, MA, and colleagues report their findings in JAMA Psychiatry.
According to a 2010 survey from the American Association of Retired Persons (AARP), around 32 percent of adults aged 60-69 and 25 percent of adults aged 70 and older in the United States report feeling lonely. Read more.
Rebecca Johnson and her team determined that older adults who also are pet owners benefit from the bonds they form with their canine companions. Credit: Sinclair School of Nursing.
"Our study explored the associations between dog ownership and pet bonding with walking behavior and health outcomes in older adults," said Rebecca Johnson, a professor at the MU College of Veterinary Medicine, and the Millsap Professor of Gerontological Nursing in the Sinclair School of Nursing. "This study provides evidence for the association between dog walking and physical health using a large, nationally representative sample." Read more.
If you are caring for someone with Alzheimer’s disease or another form of dementia, you will notice that as the condition worsens, so does your loved one’s ability to initiate or participate in conversations; understand and process information; and communicate wishes, wants and needs.
Behavior changes, such as forgetfulness and confusion, mood swings, frustration or anger are red flags that they have reached the “moderate” stage of dementia. Read more.
The decision to help an aging adult move out of a current home is a complex one -- both emotionally and practically. Above all, you want the person to be safe and well. How can you all feel more confident about whether circumstances suggest that your loved one should no longer be living alone? Read more.
Having friends doesn't just help with loneliness. It may also improve your health. See how staying in touch might add years to your life.
Just like a balanced diet and exercise, an active social life is an important part of healthy living. Studies show that people who have good social networks may live longer — and better. So, how socially connected you are now may help determine how healthy and independent you will be in the future. Read more.