| Social Security - Supplemental Security Income |
|
| Due to divorce, teenage pregnancy, and many other factors, relatives, especially grandparents, are increasingly called upon to take care of children. Whether a formal, legal relationship or an informal one, this is known as kinship care. More... |
|
|
| Asset Management - Viatical and Senior Settlements |
|
| In a viatical or senior settlement, a person who owns a life insurance policy sells the policy for a lump sum payment, usually a percentage of the policy's face value, to a buyer. The buyer of the policy then becomes the beneficiary, pays the premiums, and receives the full amount of the insurance when the original owner dies. Viatical settlements can be risky for both the sellers and the buyers and should be evaluated carefully. More... |
|
|
| Medicare - Supplemental Health Insurance - Payment for Services and Proper Insurance Practices |
|
| When an individual has purchased a Medigap insurance policy to supplement Medicare coverage, how medical bills are paid depends upon two factors: whether the medical provider accepts Medicare and whether the individual has arranged for his or her Medigap insurance company to send claims directly to Medicare. More... |
|
|
| Estate Recovery |
|
| When a nursing home resident who has received Medicaid benefits dies, the state's Medicaid agency may attempt to recover unpaid Medicaid nursing home expenses from the resident's estate. While there are federal laws and regulations governing recovery from a Medicaid recipient's estate, each state is allowed to establish its own recovery guidelines. More... |
|
|
| Group Annuities |
|
| A group annuity provides annuities (periodic or fixed payments) to a group of people covered under one master contract or policy. A group annuity policy is typically purchased by an employer, employee associations, and employer associations to fund retirement or pension benefits. More... |
|
|