Government Benefits

Senior Baby Boomers

In 2011, 2.5 million baby boomers those born between 1946 and 1964 – became senior citizens. For many, Social Security, Medicare and veteran benefits provide special tools and options:

Medi-Cal: A No-Interest Loan for Nursing Home Care

Because current costs for nursing-home care are incredibly high, more and more Californians are seeking financial support through Medi-Cal. Those who are eligible can receive the equivalent of a no-interest loan.  With it, Medi-Cal pays a portion of the patient’s monthly nursing home fees, while the patient’s continued income defines his or her monthly deductible or share of cost.

Short-Term Medicare Coverage for Long-Term Care Needs

Many older adults think of Medicare as the insurance that will cover most of their future care needs. They are often surprised to learn that Medicare’s coverage for skilled nursing home care is quite limited. Specific rules determine if and when such coverage will start, continue and definitely end.

Sorting Things Out as a Surviving Spouse

Here’s a fairly common picture:

During 50+ years of marriage, a husband (we’ll call him George) handles all the banking and investments. George dies. Barbara, his surviving spouse, must now handle unfamiliar financial matters. This is especially difficult in the midst of the grief and other impacts of losing her spouse. Barbara needs to know her financial situation, but doesn’t know where to start.

Government Benefits for Seniors: Navigate the Maze!

There’s a confusing maze of government income, health and care programs for seniors out there. Here’s a quick guide to eight of them:

Care for Veterans

Care Settings

Yes, the VA (the formal name is the U.S. Department of Veterans Affairs) has programs to assist veterans with nursing home care. There are three distinct care settings where the VA provides help.