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.
In past issues of Elder Law Today, we have explained how the Medicaid laws work for married couples when one spouse needs nursing home care. The Spousal Impoverishment Provisions make it clear that the Medicaid program does not intend to impoverish one spouse because the other spouse requires nursing home care. Much of this is […]
Doctors and physiologists are calling for increased awareness of the health risks associated with loneliness, as reported in the Wall Street Journal. A 2010 AARP study found that loneliness among adults age 45 and over is on the rise due to increased divorce rates, social media, and the increased prevalence of single person households. 35% […]
Seema Verna, an administrator at the Centers for Medicare and Medicaid Services recently wrote an opinion article in the Wall Street Journal. Verna discusses the financial problems facing both Medicare and Medicaid – and the 130 million Americans who rely on these programs. She hopes that the Innovation Center, founded in 2010 to test new […]