Oasis Senior Advisors
Financing Senior Care
As seniors age and need more help with personal care or household tasks, home care providers and senior living communities become attractive solutions. However, these helpful services come at a cost, and typical health insurance doesn’t cover them.
When it comes to paying for long-term care, whether the services are provided in a residential facility or the home, older adults have an array of options. Various strategies, from private-pay options to insurance, financial products, and veterans benefits, can help seniors fund the services they need to live safely and comfortably. Find information about how to pay for senior care so you can get the care you or your loved one needs.
Medicare vs. Medicaid: Can Either Pay for Assisted Living?
What is the difference between Medicare v. Medicaid? Can I have both? One of the biggest things to consider when deciding on an assisted living facility is the cost. As a senior, you may be covered by Medicare and/or Medicaid, but what’s the difference? Can either help cover the cost of assisted living? What is […]
The Myth about Senior Care Communities: They’re Going to Take My House and Savings
You may be considering moving to a senior care community, but the process of making the move can bring about a lot of uncertainty and confusion. There are a lot of misconceptions surrounding senior living, leaving many seniors feeling lost and unprepared to transition to a new community. This article is meant to demystify the […]
The Perfect Duo: Daily Money Managers and Property Managers for Seniors
We’ve spoken about the Activities of Daily Living (dressing, bathing, toileting, transferring, ambulating) with which many of us need some help as we age. Adding a layer of help with ADL’s whether in our home or by moving to an Assisted Living Community makes the lives of our senior loved ones safer and preserves their […]
How to Approach a Senior Loved One About Finances
Conversations around finances are never easy. Especially, when those conversations are with our loved ones who may not be able to care for themselves anymore. Talking about finances can be an uncomfortable and stressful situation for both parties. Elders who were once the breadwinners of the household and keepers of the family financials may not […]
How to Approach a Senior Patient About Finances
As healthcare providers, it’s critical to have open and honest conversations about healthcare costs with your senior patients who are looking for senior living options. For many seniors, the decision to move into a senior living community is a big one, and finances can play a major role in their decision-making process. We understand discussing […]
Pros and Cons of Medicare Advantage
We’ve all seen Joe Namath, Tony Bennett, the late Alex Trebeck and even JB Smoove on TV promoting Medicare Advantage in late night TV. The ads can be a bit cheesy, but the benefits promised, and the pricing is difficult to ignore. The broad array of benefits covering dental, vision and hearing are very attractive […]
Medicaid Qualifications in NY & CT
Medicaid qualifications can be challenging to navigate. This program offers health insurance for children, pregnant women, seniors, and those with disabilities. The 2010 Affordable Care Act expanded Medicaid to provide coverage for more low-income individuals. What Does Medicaid Eligibility Mean? Federal law makes Medicaid coverage mandatory nationally for qualified individuals, but eligibility requirements vary by […]
How to Talk to Your Elderly Parents About Their Finances
Money is a sensitive subject that many families avoid discussing. When it comes to family duties, parents are often tight-lipped because they aren’t used to letting their children take the lead. Additionally, adult children are sensitive when it comes to asking their parents about money since they do not want to seem like they are […]
The Difference Between Medicare, Medigap and Medicare Advantage
Taking care of an aging family member is a job that can take a toll on your finances. This is why some 63 million Americans rely on Medicare to afford senior healthcare. However, there is a lot of confusion associated with signing up for Medicare. What part of Medicare covers outpatient medical care? Should you […]
Misperceptions Surrounding the VA’s Aid and Attendance Pension Benefit
When seeking sources of funding to help elderly patients afford senior care many professionals are unfamiliar with the valuable VA’s Aid and Attendance Benefit that can be available to their patients and clients 65 years and older. This VA Pension provides up to $29,172 annually for those paying privately for home care and assisted living […]