Price of Representative Long-Term Care Insurance Policy Jumped 20 Percent, Association Says
A 55-year-old single individual can expect to pay $2,065 annually for $162,000 in current long-term care insurance benefits,...
Read moreThe percentage of older Americans who go online jumped by 47 percent between 2000 and 2004, according to a February 2004 survey conducted by the Pew Internet & American Life Project.
The survey found that 22 percent of Americans age 65 or older reported having access to the Internet, up from 15 percent in 2000. That translates to about 8 million Americans age 65 or older who use the Internet. By contrast, 58 percent of Americans age 50-64, 75 percent of 30-49 year-olds, and 77 percent of 18-29 year-olds currently go online.
The Pew researchers found that "wired seniors" are often as enthusiastic as younger users in the major activities that define online life, such as email and the use of search engines to answer a specific question. Also, wired seniors are as likely as younger users to go online on a typical day.
The survey revealed a sharp growth in the number of older Americans doing key Internet activities such as health searches, e-shopping, and online banking. For example, 66 percent of wired seniors had looked for health or medical information online at some point in their online life by the end of 2003
The survey showed that the gender gap in Internet usage among the elderly has closed. In 2000, about 60 percent of wired seniors were men. In February 2004, the gender ratio had shifted to 50 percent men and 50 percent women '“ the same ratio as in the general Internet population.
The survey also found that there is a burgeoning group of Americans slightly younger than retirees who are vastly more attached to the online world. In February 2004, 62 percent of Americans age 50-58 years old and 46 percent of Americans age 59-68 had Internet access. By contrast, just 17 percent of Americans age 69 and older had access.
In fact, older Baby Boomer Internet users (those between 50-58 years old) are more like Generation X Internet users (those between 28 and 39 years old) than they are like their older generational neighbors (those between 59 and 68 years old).
To read the full report, go to: https://www.pewinternet.org/reports/toc.asp?Report=117
Local Elder Law Attorneys in Your City
A 55-year-old single individual can expect to pay $2,065 annually for $162,000 in current long-term care insurance benefits,...
Read moreElder financial abuse is now costing older Americans $2.9 billion a year, a 12 percent rise from two years ago . . .
Read moreOverall costs for new long-term care insurance coverage increased 8.6 percent compared to one year ago, according to the 2015...
Read moreMany nursing homes are improperly prescribing antipsychotic drugs to patients even though federal law has put restrictions on...
Read moreIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MOREIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MORELearn who qualifies for Medicare, what the program covers, all about Medicare Advantage, and how to supplement Medicare’s coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MORE