Most Americans have heard of Medicare and Medicaid, but many people aren’t aware of the differences between these two government programs. In today’s blog post, I present an overview of each program, as well as their eligibility requirements.

Sometimes the courts will appoint a son or daughter to manage their parent’s care. If you are in a similar position, here is my insider’s scoop: If you have the financial ability, hire a professional fiduciary to manage the needs of your mom or dad.

Anyone who pays attention to the news no doubt hears or reads countless stories about the various types of abuse that are rampant in our society:  child abuse, domestic abuse, sexual abuse, and animal abuse, to name a few.  However, there is one type of abuse that is becoming more and more prevalent but receives little media coverage: elder abuse. 

Long-term care is expensive, and Americans can’t expect Medicare to pay for it. Given this, Medicaid has, unfortunately, become the long-term-care insurance of the middle class, with some people wiping out their savings and then relying on Medicaid for assistance in paying for their nursing-home stays.