The Fierce Urgency of Now: How $880 Billion in Cuts to Medicaid Could Hurt Us All

If you have protection against future catastrophic out-of-pocket costs for basic life functions, consider yourself lucky. The vast majority of people in the United States don’t. Yet the reality is that there’s a 52 percent chance that someone turning 65 today might develop a severe disability requiring long-term services and supports (LTSS)—that is, help with such functions as eating, bathing, dressing and toileting. For more extensive care, the cost can surpass $250,000 for those over the age of 65 — …

Job Numbers Rise but Labor Force Participation of Those Ages 55+ Holds Steady

  Employment overview for those ages 55+ The monthly Employment Situation Report from the Bureau of Labor Statistics (BLS) shows the economy added 235,000 jobs in February 2017. While the number of those ages 55-plus who are employed rose slightly in February, this age group’s labor force participation rate (i.e., the percentage of the population that is either working or actively seeking work) held steady at 39.9 percent. The labor force participation rate of persons ages 55 and older has …

Proposed Tax Credits Raise Affordability Concerns for Older Adults

Did you know that over 3 million older adults ages 50-64 rely on Affordable Care Act (ACA) tax credits to purchase health coverage? In fact, pre-ACA, almost half of them were uninsured. These credits help older adults with low to moderate incomes offset some or all of the cost of their health insurance premiums. They are a critical form of financial assistance for those without access to health insurance through an employer or public program. The American Health Care Act …

Preserving Access to Home- and Community-Based Services Through Community First Choice

An important AARP study shows that an overwhelming majority of people would like to remain in their homes and communities for as long as possible. Personal care services, such as assistance with bathing, eating and dressing, are critically important to helping older adults and people with disabilities of all ages live independently and avoid costly nursing facility placements. Medicaid plays a critical role in providing this support. It is the largest public payer of long-term services and supports (LTSS), including …

Get a Power of Attorney (But Make Sure It’s Not a License to Steal)

Many of us understand that saving for retirement and for the long term is one of the most important actions you can take to ensure a secure future. So is protecting that savings. One in five older adults fall victim to some form of financial exploitation. Sometimes the loss is minor, but sometimes it can be disastrous. In a single case, the average victim loses $120,000, which is roughly the average amount of a 50-year-old’s entire retirement savings. AARP understands …

‘Dementia Friends’ Initiative Creates Respectful Communities for People of All Ages

In 2016, an estimated 5.4 million Americans had Alzheimer’s disease, the most common form of dementia. And while people of all ages can have dementia, 8.8 percent of adults age 65 and over have the disease. With greater longevity and rapidly increasing numbers of individuals with dementia, we are all likely to encounter a person living with dementia as we go about our lives. We may witness a person living with the disease facing any number of challenges in navigating …