Elder Abuse Scams are soaring. Older people get swindled out of more than $3 billion yearly. 3.5 million seniors are victims of financial exploitation each year, with an average loss of $34,200. Every day, older adults are harmed by mistaken assumptions and inadequate assessments of their decision-making capacity in the criminal and civil justice systems. […]
The number of senior scams has risen. In 2021, over 92,000 victims over 60 reported losses of $1.7 billion, a 74% increase from 2020. Seniors are targeted by scammers daily and in a variety of ways. Why are seniors targeted? There are several reasons why scammers target seniors. The most common reason is that thieves […]
It can be overwhelming and frustrating as your loved one ages, especially regarding income versus expenses. The expenses can add up quickly! Activities people could do before may become limiting because of a person’s medical condition or as their body gets older. Paying people to help adds up, so it is nice to know if […]
There are various ways to pay for caregivers. Health insurance does not cover these services because caregivers do not provide medical treatment. Therefore, most people pay for this private service out of pocket. The person being cared for or a family member pays caregivers. A caregiver can be an individual or a caregiver that works […]
There are five types of Medicare insurance coverage. Medicare A and B are through the Social Security Administration. Medicare C, D, and Supplemental are available through private insurance companies. To understand what Medicare options are available, we need to define each type of insurance. Medicare Part A Part A is hospital coverage, which will cover […]