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¶ … preservation of assets for the elderly who are faced with medical bills, either for themselves or for their children. The writer also discusses the preservation of assets when an elderly person has to go into a nursing home or assisted living facility. There were three sources used to complete this paper.
Through the ability of medical science America's population is living longer than ever before. As the nation's population continues to age elderly residents are encountering significant dilemmas regarding the preservation of assets when they have large medical bills to pay either for themselves or their adult children. In addition the need to move into a nursing home or an assisted living facility also endangers the assets of the elderly.
The medical community has been able to lengthen life and with that ability comes the price. Medical bills are higher now than ever before, and the medical community is able to implement medical procedures that extend life as well as the quality of life. For most of their adult lives the elderly worked and prepared for their golden years. They work to pay off property as well as build investment...
The current method of determining eligibility for medical benefits from the government includes the analysis of the assets of the patients. Many elderly find themselves faced with paying medical bills and losing everything they have worked for, with no hope of starting over and rebuilding it. When an elderly person is faced with large medical bills for himself or herself, or adult children, or is faced with moving into a nursing home or assisted living facility it is important for them to know how to best preserve their assets in the process.
"The economic status of the elderly and that of children are analyzed using a comprehensive definition of income that takes selected types of non-cash income and taxes into account. Estimates are presented for detailed age groups over the entire age range and for socioeconomic classifications within the elderly subgroup and within the subgroup of children (Radner, 1996)."
The calculation of the income and assets of the elderly for the purpose of preservation in the face of medical bills includes property as well as cash on…
REFERENCES
Family Unit Incomes of the Elderly and Children, 1994.(Statistical Data Included)
Date: 12/22/1996; Publication: Social Security Bulletin; Author: Radner, Daniel B.
A description of Medicaid eligibility. (Medicare and Medicaid Statistical Supplement)
Date: 01/01/1992; Publication: Health Care Financing Review; Author: Gurny, Paul Baugh, David K. Davis, Feather Ann
To remedy this and other similar situations, Fountain suggests open and honest communication, during which the adult child should be both firm, honest, and compassionate. It is important to understand the need of an elderly parent to remain an important part of the family, while also creating boundaries within which these feelings can be accommodated. Not doing this effectively can create bitterness, conflict, and an ultimate scar on the
(Toro, 2008) Toro states that policy makers have only recently begun to recognize the needs of these youth after aging. Statistics show that in the area of employment: (1) most respondents had worked since leaving foster care; (2) on average respondents were unemployed only 48% of the time since leaving foster care; (3) the average monthly income when working equaled approximately $598. (Toro, Education statistics show that: (1) 41% graduated
Aging Women and the Media As the fabric of American culture has continued along the often ponderous path of progress during the last century, women have experienced perhaps the most significant changes to both their daily lives and their position within modern society. While females in this country, and aging women in particular, have traditionally been relegated to peripheral roles involving familial concerns, a succession of societal advancements since the 1960's
He also provides very interesting passages from London on his own work and the ideological inoculations which have also undermined the value of London's writings. Ludington, Townsend. "Jack London: Overview." Reference Guide to American Literature. Ed. Jim Kamp. 3rd ed. Detroit: St. James Press, 1994. Townsend talks about London's background and childhood, as well as his Socialist views, and their influence on his adult life and writings: "London saw himself as
Such a life journey is not generally one that will encourage a great deal of compassion for younger women. While there is a great deal of popular psychology and culture that argues that suffering makes us compassionate, this is very often not the case. A woman who has been subject to emotional, psychological, and often physical abuse throughout her earlier decades would have to be saintly indeed not to feel
Many of these have been challenged throughout the years. In fact, here have been a number of cases challenging age discrimination within this more complicated situation. In the case, EEOC v. City of Janesville an individual fought the fifty-five-year cut off age for police officers in that county (Vance 1986). Opponents of the age cut off argued that age discrimination was acceptable only in "particular business," meaning for police officers