The Medicare program is part of the Social Security Act. It was created in 1965 and is currently a $300 billion program. It is administered by the Social Security Administration and the Health Care Financing Administration. Individuals who are 65 years...

BE VERY CAREFUL.

Five Reasons You Should Think Twice Before Getting a Reverse Mortgage:

A reverse of a mortgage loan is secured by a house, but unlike a conventional mortgage that decreases over time, a reverse mortgage increases over...

WHAT IS HOSPICE CARE?

Hospice programs are available to help terminally ill individuals live their remaining days with dignity. These programs can assist the family (or other designated caregiver) in making the patient as comfortable as possible,...

What is Respite Care?

Millions of Americans provide unpaid assistance each year to elderly family, friends, and neighbors to help them remain in their own homes and communities for as long as possible. Sometimes these caregivers need time off to...

Cash-challenged seniors who want to stay in their own homes have kept reverse mortgages high on the public radar. But not everyone thinks they're such a good idea.

In general, a reverse mortgage converts home equity into cash in several different...

Despite predictions for an ever-increasing need for nursing homes, many nursing home owners struggle to keep beds full and payments rolling in. Part of the reason may be an insistence on attracting and retaining private-pay patients. Many nursing home...