Bad reactions to medications may seem rare, but according to one Harvard Medical School professor, it is actually a very common occurrence. Unfortunately, older people are more susceptible to these adverse reactions because their bodies are not able to process the medications as quickly as younger people.
Modern medicine is allowing people to live much longer than they did in the past. Because of this, elderly individuals all over the country are doing their best to prepare for the long haul. One of the important parts of this sort of preparation is Medicaid planning and it allows residents of Boston to be prepared for the costs that will likely come with getting older.
Many elderly individuals in Boston are worried that politicians will make changes to Medicare and Medicaid. If they do, it may end up creating new costs for people struggling to make it by on very little income. Those people are often elderly individuals that once considered themselves middle class but have spent years bleeding their bank accounts and retirement funds dry trying to keep up with their costs. Because of this, some have become eligible for Medicaid and use it to pay for their nursing home expenses.
One of the major tax exemptions that are part of estate planning may be at the root of a misconception that many in Boston hold when attempting to receive Medicaid for their late life care. In order to qualify for Medicaid, an individual must possess a certain amount of wealth that is below the designation set by the federal government.
When planning for late-life health care, many in Boston believe that there will be programs like Medicare and Medicaid to catch them if their plans fall through. Others rely on these programs to assist them with the burdensome costs that come with the many health issues that are likely to arise later in life. Some use their Medicaid benefits to pay for their stay in a nursing home. Whatever the use, budget cuts that are on the political table may see to the end of such benefits for many individuals throughout the country.
The aptly named "Affordable Assisted Living" model currently being piloted in another state (a similar program is in the works for Massachusetts) is tasked with finding a happy medium between high-cost nursing home care and ever-dwindling Medicaid funds that many seniors rely on to cover the costs of medical treatment. The hopeful solution is to seek Medicaid waivers for assisted living facilities, which are normally not covered by Medicaid policies, to allow seniors who are no longer able to live independently but are not in need of around-the-clock care to live in less restrictive, far cheaper assisted living facilities instead of nursing homes.