A New Jersey man paid a nursing home 5 months of expenses because his uncle accidentally breached the Medicaid assets limit when his Social Security payments accumulated in a bank account. This uncle was childless so his NJ nephew was deemed the closest living relative. Boomers are confronting a new and [...]

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Topics:  new jersey   medicaid   social security   nj   boomers   pay   uncle   
BING NEWS:
  • Baby boomers have trillions squirreled away. Their kids may not see much of it
    Experts say that the narrative of millennials’ paying off debts and wielding greater spending power over the next few decades is complex — and leaves out families without enough assets to pass along.
    05/3/2024 - 2:00 am | View Link
  • How Chronic Diseases In Aging Parents Affect Adult Children
    Boomers may not be as healthy as their parents were at the same age. This points to the need for long term care. The burden can fall on family to give that care.
    04/30/2024 - 12:13 pm | View Link
  • Why You Might Be Responsible For Paying Your Parents’ Medical Debts
    With Baby Boomers aging and nursing home care costs climbing, obscure old sleeper laws could come back to haunt the children of seniors who can’t pay for their own care.
    04/26/2024 - 11:30 pm | View Link
  • Is medical debt pushing Americans to their financial limits?
    Parents with children younger than 18 (62% ... versus just 43% of baby boomers ages 59 to 77. Meanwhile, 71% of people earning $100,000 or more a year say the same, compared with 55% of those ...
    06/13/2023 - 4:20 am | View Link
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