Author Archive of Waseniorlobby

The art of downsizing

These days, for many homeowners, bigger isn't always better. Many Americans are opting for minimalism and smaller homes over mega mansions and extravagance. Whether you prefer a small, cozy home over a larger, more cavernous one, are an empty nester or just prefer to live a more minimal lifestyle, downsizing is a current trend not only in real estate, but also in home decor.   http://www.recordpub.com/real%20estate/2016/09/02/design-recipes-the-art-of-downsizing

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Love and Burnout: Caregivers, Too, Need Care

Though caregiving can be a profound and moving journey, caregivers’ needs are often overlooked. The health care system is mainly focused on patients; caregivers who are slowly burning out can slip by unnoticed until it is too late. http://www.nytimes.com/2016/09/03/your-money/caregivers-alzheimers-burnout.html

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Pushing back retirement age to 70 would be harder on low-income workers

It sounds like a simple fix to the nation's immense problem of funding Social Security and Medicare for an aging country — just get everyone to work to 70 and the math works out a lot better. But this idea, despite being embraced by a number of politicians, has a long way to go. It's being challenged in academic circles as a new form of inequality. This one has been dubbed "longevity inequality."   http://www.chicagotribune.com/business/columnists/ct-marksjarvis-column-social-security-inequality-0828-20160828-column.html

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Frugal couple wonder if retirement is but a dream

Saving for retirement is a source of financial anxiety for 29 percent of Americans, a recent survey by life insurer Northwestern Mutual estimated. Say hello to two members of that 29 percent: Gail and Sid Ouattara, of Everett. Frugal and focused on paying down their mortgage debt, Gail and Sid Ouattara are concerned they haven’t done enough to invest for retiring in a few years. http://www.seattletimes.com/business/frugal-couple-wonder-if-retirement-is-but-a-dream/

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Retirees Need $130,000 Just to Cover Health Care, Study Finds

Share on FacebookShare on Twitter Today's 65-year-olds can expect to spend an average of $130,000 on health care during their retirement, from premiums to co-payments to eyeglasses, according to new estimates. The average single 65-year-old woman can expect to need $135,000 to spend on health care in retirement, while a man will spend $125,000, according to estimates from Fidelity Investments. (The difference is because the woman is expected

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Private Equity Pursues Profits in Keeping the Elderly at Home

DENVER — Inside a senior center here, nestled along a bustling commercial strip, Vivian Malveaux scans her bingo card for a winning number. Her 81-year-old eyes are warm, lively and occasionally set adrift by the dementia plundering her mind. Dozens of elderly men and women — some in wheelchairs, others whose hands tremble involuntarily — gather excitedly around the game tables. After bingo, there is more entertainment and activities: Yahtzee,

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New Medicare Law to Notify Patients of Loophole in Nursing Home Coverage

WASHINGTON — In November, after a bad fall, 85-year-old Elizabeth Cannon was taken to a hospital outside Philadelphia for six and a half days of “observation,” followed by nearly five months at a nearby nursing home for rehabilitation and skilled nursing care. The cost: more than $40,000. The hospital insisted that Ms. Cannon had never been formally admitted there as an inpatient, so under federal rules, Medicare would not pay for her nursing

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Social Security Now Requires Cellphone to Use Online Services
Social Security signin

People seeking to manage their federal Social Security benefits online can no longer do so unless they provide a cellphone number so they can receive an access code by text each time they log on. The change, which took effect July 30, is part of an effort to improve online security, according to the Social Security Administration. Users with online “mySocialSecurity” accounts already could choose to use texted codes as an extra layer of security,

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Surprise Medical Billing
washington seal

Surprise billing happens when you are treated by a medical provider at a hospital or facility that you believe is in your health plan's network. On top of paying your expected out-of-pocket costs, you're also charged the difference between what your insurer has agreed to pay your provider and what your provider believes the service was worth. This amount could be hundreds or thousands of dollars. “Consumers have been caught in the middle of these

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Rediscovering the Kitchen, and Other Tips for Heart Health

First the bad news: After decades of major progress in reducing deaths from diseases of the heart and blood vessels, the decline in cardiovascular mortality has slowed significantly, according to the latest report from the Centers for Disease Control and Prevention. The researchers called their findings alarming, suggesting that cardiovascular benefits from medical interventions may have reached a saturation point and that further improvements depend

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Many Well-Known Hospitals Fail To Score High In Medicare Rankings

The federal government released its first overall hospital quality rating on Wednesday, slapping average or below average scores on many of the nation's best-known hospitals while awarding top scores to many unheralded ones.   http://kplu.org/post/many-well-known-hospitals-fail-score-high-medicare-rankings

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No Hearing Aid? Some Gizmos Offer Alternative to ‘Speak Up!’

"F.D.A.-regulated P.S.A.P.s (personal sound amplification products) might represent a simpler, cheaper solution." An estimated one zillion older people have a problem like mine. First: We notice age-related hearing loss. A much-anticipated report on hearing health from the National Academies of Sciences, Engineering and Medicine last month put the prevalence at more than 45 percent of those aged 70 to 74, and more than 80 percent among those over

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Washington to offer workers a mechanism to save for retirement – even if employers don’t.

Beginning Jan. 1, 2017, employees of small companies can set up retirement accounts through an online portal first approved by state lawmakers in 2015 when they voted to create a new Small Business Retirement Marketplace. The marketplace will be similar to the Washington Health Exchange, which offers health insurance for people in the state.   http://www.bizjournals.com/seattle/news/2016/07/01/3-questions-department-of-commerce-official-on-new.html

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Keeping a busy schedule may benefit the brain

One of the best ways to keep your brain sharp as you get older may be to stay busy, according to new research. While scientists have previously recommended engaging in mentally challenging activities, a new study suggests that keeping a packed schedule may offer similar benefits. http://time.com/4341680/busy-brain-cognitive-function-aging/?xid=emailshare

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Worried About Elder Financial Abuse?

Elder financial abuse is a growing concern among seniors and their adult children. Sometimes family members and caretakers are the culprits. Just one financial scam can cost the average senior about $30,000 — a big hit for any nest egg. So how can you protect your parents' finances? Here are five ways to help.   http://www.nbcnews.com/business/retirement/worried-about-elder-financial-abuse-how-protect-your-parents-n559151

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Elder Fraud and Financial Exploitation
elder fraud

Elder fraud is an act targeting older adults in which attempts are made to deceive with promises of goods, services, or financial benefits that do not exist, were never intended to be provided, or were misrepresented. Financial exploitation is the illegal or improper use of an older adult's funds or property. In addition to the resources listed below, please visit the Department of Justice's Elder Justice website, which contains information for victims,

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Port of Vancouver could have ended oil terminal conflict without penalty

Instead of putting the ball back in the court of Tesoro Corp. and Savage Cos., Port of Vancouver commissioners could have delivered an emphatic smash last week. The commissioners unanimously agreed Friday to offer revisions on a lease to build an oil terminal along the shore of the Columbia River, leaving it up to Tesoro and Savage — working in conjunction as Vancouver Energy — to decide whether to accept the revisions. “We’re pleased to

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The Older Americans Act Finally Clears Congress

Congress finally just passed bipartisan legislation renewing theOlder Americans Act for three years and President Obama has signed it. Passage comes almost 10 years since the Act was last reauthorized, a delay which has been a source of great consternation to older adults and their advocates. The Older Americans Act (OAA) funds critical services that keep older adults healthy and independent—services like meals, job training, senior centers, caregiver

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Disabled families get great tool to build a future

Tax-free savings should not be restricted to families with college-bound kids ABLE Act started as a federal initiative, now spreads to Washington Investment accounts will open by next year Read more here: http://www.thenewstribune.com/opinion/editorials/article65057557.html#storylink=cpy

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2015 United Nations Climate Change Conference
o and t at summitt

The 2015 United Nations Climate Change Conference, COP 21 or CMP 11 was held in Paris, France, from 30 November to 12 December 2015. It was the 21st yearly session of the Conference of the Parties (COP) to the 1992United Nations Framework Convention on Climate Change (UNFCCC) and the 11th session of the Meeting of the Parties to the 1997 Kyoto Protocol.[1] The conference negotiated the Paris Agreement, a global agreement on the reduction of climate

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