Finance & Insurance for Seniors

Understanding finances and insurance can be complex, especially for seniors. In this category, we discuss topics like insurance for seniors, offer financial advice tailored to the senior demographic, and delve into financial planning strategies. We also provide practical help with finances for seniors, guidance on how to finance senior care, and even a checklist for managing elderly parents' finances. Our goal is to simplify financial and insurance concepts, enabling you to confidently navigate your economic life.

4 Ways to Help Your Senior Loved One Financially After the Loss of Their Spouse

June 5, 2023

Assisted Living, Caring Places Management, Dementia & Memory Health, Finance & Insurance for Seniors

In their golden years, many seniors will grieve the loss of their spouse. As if processing the loss isn’t hard enough, seniors who find themselves widowed will also have to handle some major financial responsibilities. The last thing that a grieving person wants to do is comb through bank statements or insurance policies, but you can step up to support…

Senior Fraud: How Seniors Can Get Taken Advantage Of

May 2, 2022

Finance & Insurance for Seniors, Senior Health & Hobbies

Financial scams targeting seniors are becoming more common and costly. In 2020, the FBI received over 791,000 senior fraud complaints with over $4.1 billion in reported losses. Scammers often go after seniors because they believe they’re easier to target and might have a significant amount of money from life savings or retirement accounts. Read on to learn how to prevent…

Caring Places Management has facilities in both Oregon and Washington that accept Medicaid.

How to Apply for Medicaid

March 28, 2022

Finance & Insurance for Seniors

Since 1965, the federal government has provided Medicaid for seniors to assist with medical expenses. But while Medicaid is a federal program, each state manages its own plan. In this article, we’ll explain how the states of Oregon and Washington each provide Medicaid for seniors and walk you through the application process. How to Apply for Medicaid in Oregon The…

Financial Planning for Long-Term Care

January 31, 2022

Finance & Insurance for Seniors

Long-term care is an important consideration when it comes to financial planning for seniors. According to data from the Urban Institute, 70% of Americans over the age of 65 will need some form of long-term care. Today 14 million people are receiving long-term care, but that number is expected to double by 2050. This data means that it’s likely that…

5 Ways To Afford Assisted Living or Memory Care

December 15, 2021

Finance & Insurance for Seniors

When looking for long term care for a loved one, everyone wants the best care and living environment possible. However, monetary limitations can make finding the right care more difficult. Since assisted living provides great daily care year round, it can be quite expensive. Fortunately, there are a few things you can do to make the cost more affordable. Here…

Twenty-Eight Years and Still Going Strong

May 22, 2020

Finance & Insurance for Seniors, Forest Grove Beehive

One of the biggest challenges facing seniors today is understanding the cost of living in an assisted living and determining quality of care. An additional challenge is knowing what questions to ask, who to ask and who to trust! When it comes to cost, families need to evaluate the cost of “staying at home” and the cost of “moving”. Many…