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Cremation is a choice many ponder for personal reasons based on reduced cost, fears about burial, consideration for the environment or to simplify arrangements. Medicaid covers neither funeral expenses nor the cost of a cremation or burial. However, Medicaid services and Social Security do provide alternative forms of support. How…

Applying for Medicaid services involves an evaluation of your income and assets. These limits are determined by each state, but federal policy establishes what types of income and assets are counted or exempt for retirees. Common Types of Social Security Benefits The Social Security Administration (SSA) manages various benefits programs…

On average, Social Security replaces about 40% of the income you had before retirement, according to Suze Orman. Orman, an acclaimed personal finance guru, strongly advises every United States citizen to register on the official SSA website, www.ssa.gov. On this site, you can read extensive information about how the program…

The days of retirees receiving Social Security benefit checks by mail are long gone. The U.S. Department of Treasury began phasing that payment method out in 2011. Effective March 1, 2013, any new applications for Social Security or Supplemental Security Income benefits must include sign-up for electronic payments to a…

Preparing for retirement involves a great deal of financial planning. If you are considering when you should retire and how your age may impact your Social Security benefits, it’s important you understand the options available to you. Eligible Ages for Retirement Benefits The Social Security Administration awards a certain percentage…

Social Security has been one of the most important financial and social initiatives in the history of the United States, and today, many retirees rely on the Social Security program to pay bills and supplement other forms of retirement income. If you’re receiving Social Security payments, especially if you’re new…

Are you close to retirement age and dreaming about the day you can say good-bye to your nine to five job? If so, you may be wondering whether you will get enough money from your Social Security benefits to live the life you have been planning for. Retirement is an…

As beneficiaries of a needs-based program for low-income households, Medicaid recipients may need financial assistance to help them address a variety of needs. Common Types of Financial Assistance Financial aid comes in many forms. Some programs pay the recipient directly, while others take over partial or full payments for a…