The Consumer Financial Protection Bureau has released three helpful resources on reverse mortgages. The first addresses the issues of using a reverse mortgage to delay taking Social Security. The second resource provides an overview on many important concepts regarding reverse mortgages. The final resource is a two minute YouTube video that provides a limited overview on reverse mortgages. The resources can be helpful in understanding whether a reverse mortgage is right for you and can be found at www.consumerfinance.gov.
On August 16, 2017, the Center for Medicare and Medicaid Services (CMS) unveiled the new Hospice Compare website. The website is searchable by either the name of the hospice agency or by zip code.
Kaiser Health News reported that in 2016 nearly 600,000 seniors took advantage of end of life consultations that are now covered by Medicare. 2016 was the first year health care providers were allowed to bill for the service and the number of seniors who used the service nearly doubled the 300,000 that was projected by […]
A durable power of attorney – where an agent is appointed to handle the financial affairs for someone who can no longer make such decisions for themselves (known as a principal) – has been used for decades. Years ago, these documents were rarely ever challenged or exploited. Unfortunately with the rise of elder abuse, banks […]