Report Looks at Why Long-Term Care Insurance Isn't More Popular
Price and complexity are major deterrents to purchasing long-term care insurance, according to a new report . . .
Read moreThe high costs of prescription drugs are a significant concern in the United States. According to the Peterson-Kaiser Family Foundation Health System Tracker, three-quarters of adults surveyed found prescription drugs unaffordable. One-third did not take prescribed medication because of its financial burden.
In Canada, prescription drugs can be a quarter to a half less expensive than in the US, the Kaiser Family Foundation reported. In Canada, the Patented Medicine Prices Review Board (PMPRB) reviews pharmaceutical prices and orders patent holders to lower costs if they are too high.
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Canada’s relatively low medicine costs have led some Americans to purchase from online pharmacies claiming to be Canadian. According to the National Association of Boards of Pharmacy (NABP), many of these online pharmacies are unsafe, purporting to market Canadian drugs when they sell medications from all over the world, and thus are subject to less stringent regulations.
In most cases, it is illegal to purchase drugs from Canada for personal use, per the Food and Drug Administration.
Even when Health Canada, the Canadian equivalent to the FDA, has approved the drug, bringing it into the country is illegal if the FDA has not authorized it. The FDA cannot guarantee the drug is safe and effective.
Per its policy, however, the FDA does not object to individuals importing drugs from Canada in the following specific, limited circumstances:
Although the FDA stresses that it cannot guarantee that a Canadian drug is adequate, it does not actively prevent people from getting drugs from Canada when a drug is not available in the US and the individual has a significant medical need for it.
Because of the prevalence of unsafe options online, those considering purchasing Canadian medications should review the Canadian International Pharmacy Association website or Pharmacy Checker before ordering from a Canadian pharmacy.
Federal law regulates the importation of Canadian drugs by pharmacists and wholesalers. Congress amended the FD&C Act in 2000 and 2003, permitting pharmacists and wholesalers to bring prescription drugs from Canada into the US in specific circumstances.
The Department of Health and Human Services Secretary must certify that the medication is not a risk to public health and safety and significantly reduces the cost of covered products. If the Secretary determines that importation from Canada is no longer safe or cost-effective, he can terminate access to the drug.
To learn more about your rights, find an attorney near you.
Price and complexity are major deterrents to purchasing long-term care insurance, according to a new report . . .
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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.
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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.
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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