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.
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 […]
Veterans Aid & Attendance Benefit Explained
As per the 2015-2019 American Community Survey, around 18.2 million veterans aged 65 and older live in America. The U.S. Department of Veterans Affairs (VA) offers several programs that provide veterans with healthcare coverage and medical services, one of which is the Aid & Attendance benefit. The Veterans Aid & Attendance (A&A) Benefit provides veterans […]
Additional Income for Seniors Seeking Senior Living: How to determine a senior’s eligibility for Aid & Attendance benefits in just five minutes.
Emily Schwarz, President, AidandAttendance.com Are you a wartime veteran, or the surviving spouse of one, and considering a move to a senior living community? Do you require assistance, support, or care from another person on a regular basis? Or are you a caregiver trying to find a financial solution to help pay for your loved […]
Medicare vs. Medicaid
Is It Medicare or Medicaid? As people approach retirement age, they start to think about how they will pay things, including the expenses that arise due to illness or other emergencies. This includes medical bills and living options, such as home care, assisted living, memory care, or a nursing home. Some of these concerns can […]
Medicare’s Open Enrollment Period begins in October
(Abridged from SHIPHELP.org) The start of Medicare’s Open Enrollment period is just weeks away, meaning that seniors will need to make important decisions about their health insurance coverage over the next two months. The annual Open Enrollment Period is the time of year when Medicare beneficiaries can make changes to their insurance coverage. Open Enrollment runs from October […]
Clarifying Misconceptions Around Cataracts — From Causes to Medicare Coverage
If you or a family member are over the age of 65, there is a good chance you have a cataract. A cataract is characterized by a clouding and darkening of the eye lens, which blocks vision. Many seniors don’t notice a cataract as it develops it happens over a longer period, and most people […]