CNY Elder Law

Under a new Medicare Prescription Payment Plan starting in 2025, all Medicare prescription drug plans, including Medicare Advantage plans, will offer enrollees the option to spread out their prescription drug out-of-pocket costs over 12 months.

Seniors seeking information on assisted living options may find recent data from the Seniorly Resource Center particularly useful. The Center’s newly issued 2024 report  sheds light on the costs of assisted living – from the most to the least expensive – across the U.S.

If you need a medical procedure, you may have to hold off on treatment until you have received approval from your health insurance plan. Starting in 2026, this may no longer be the case once a new federal rule becomes effective.

If you are a homeowner who is falling behind on your real estate taxes, you may end up facing foreclosure on your property. Because your property taxes hinge on the value of your property, you may find your taxes rising beyond what you can afford.

Medicare covers services and prescriptions to treat opioid use disorder, which impacts 1.1 million Medicare recipients. In 2022, 52,000 Medicare enrollees experienced an opioid overdose, a recent report reveals. 

Results of a recent survey led by the Department of Health and Human Services in Utah reveal that more than half of the state’s residents who lost their coverage during Medicaid’s “unwinding” process in 2023 did not attempt to resecure their benefits.

Although 2024 Medicare premiums are seeing an increase, there are nevertheless a few bright spots. Starting on January 1, 2024, Medicare enrollees may be pleased to hear about several positive changes taking place.

Each year, 10 percent of older adults experience some form of abuse. In addition to physical harm, elder abuse can also encompass financial exploitation, neglect, and emotional abuse. WalletHub has evaluated elder abuse protections in the 50 states and the District of Columbia. The list for 2024 identifies the best and worst states for residents aged 65 and older.

Even if you have a long-term care insurance policy, you may likely be hoping that you won’t ever have reason to use it. Regardless of what the future holds, there’s one silver lining of which you may not be aware. That is, premiums on many long-term care insurance policies are in fact tax-deductible.

Americans are not only living longer, but the number of people aged 65 and older is also growing. It’s a trend that will continue over the next decade. Longevity among seniors raises major questions, including how aging people will be able to continue to afford housing and receive support in their later years.