Don't Make the Mistake of Not Signing up for Medicare Supplemental Coverage
You are turning 65 and enrolling in Medicare, but as a healthy senior do you really need to also sign up for Medicare's suppl...
Read moreSince its enactment in 1965, the Older Americans Act (OAA) has guided the priorities and operations of key programs and services for the benefit of older adults across the United States. The OAA's primary objective is to promote the well-being, dignity, and independence of older Americans. By providing billions of dollars in funding for essential services, the OAA helps seniors live in their homes and communities for as long as possible.
The OAA Reauthorization Act of 2024, currently awaiting legislative action, has brought renewed attention to the challenges faced by seniors in our communities and the resources needed to support them.
The OAA created a nationwide aging network, including Area Agencies on Aging (AAAs) and local service providers, to deliver vital services to senior Americans. These services include transportation, caregiver support, nutrition programs, legal assistance, and health promotion and disease prevention. The goal of these services is to reduce the need for institutional care by helping older adults stay active and engaged in their communities.
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The OAA has been reauthorized multiple times since its inception, with each reauthorization reflecting evolving needs, priorities, and demographic changes. Its most recent renewal was in 2020, with the last substantial update taking place in 1988. Reauthorizations typically update funding levels, introduce new programs, and refine existing ones to better serve older adults.
Now approaching its 60th anniversary, the OAA introduces in its 2024 reauthorization several significant updates aimed at addressing current challenges and future demands of the nation’s seniors. Among other changes, the final rule:
The 2024 reauthorization of the OAA comes at an important time. The aging population in the U.S. continues to grow. According to the National Council on Aging, the number of Americans aged 65 and older is expected to reach about 78 million by 2040.
This demographic shift presents both challenges and opportunities. Older adults contribute significantly to their communities as volunteers, caregivers, and mentors. At the same time, however, as this age group grows, so does the need for services that support their health, independence, and quality of life.
The 2024 OAA reauthorization reflects a holistic approach to aging, recognizing that older adults need more than just health care to thrive. By addressing social, economic, and health-related factors, the OAA aims to create a society where older adults can age with dignity and security. Additionally, the emphasis on caregiver support and equitable service delivery ensures that communities are better equipped to provide the necessary care and assistance.
Lawmakers have yet to agree on a year-end omnibus package – and failing to finalize the OAA bill as part of that may have negative repercussions for funding that helps support various OAA-sponsored programs for seniors. The Congressional Budget Office estimates that the OAA Reauthorization Act of 2024 would allot about $15 billion for these programs from 2025 to 2029.
Learn more about the 2024 Final Rule for the Older Americans Act on the Administration for Community Living's website. To learn more about programs and services available to seniors, contact your elder law attorney. They can discuss your specific situation and potential options with you.
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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 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.
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