Budget Cuts Could Remove Millions From Medicare and Medicaid

Takeaways A 2025 federal budget law could affect people who depend on both Medicare and Medicaid by cutting Medicaid funding and adding new administrative barriers. Dually elig...

New Law Caps Home Equity for Medicaid Long-Term Care

Takeaways A new federal law, effective in 2028, will cap the amount of home equity a person can have and still qualify for Medicaid long-term care at $1 million. This $1 millio...

Long-Term Care Pharmacy Crisis Hits Nursing Homes

When Congress passed the Inflation Reduction Act in 2022, part of the goal was to lower prescription drug costs for Medicare patients. However, for millions of seniors in long-term care facilities, a little-noticed side effect of that law is starting to hinder their access to those drugs.

Questions to Ask a Financial Planner About Long-Term Care

Takeaways The need for long-term care is common, but proactive planning is rare. Nearly 70 percent of people turning 65 will need some form of long-term care in their later year...