A group annuity provides annuities (periodic or fixed payments) to a group of people covered under one master contract or policy. A group annuity policy is typically purchased by an employer, employee associations, and employer associations to fund retirement or pension benefits.
When a nursing home resident who has received Medicaid benefits dies, the state's Medicaid agency may attempt to recover unpaid Medicaid nursing home expenses from the resident's estate. While there are federal laws and regulations governing recovery from a Medicaid recipient's estate, each state is allowed to establish its own recovery guidelines.
One of the programs administered by the Corporation for National and Community Service, a federal agency, is Senior Corps. Senior Corps actually consists of three programs: Foster Grandparents, Senior Companions, and the Retired and Senior Volunteer Program.
Long-term care insurance can provide valuable monetary help to those needing long-term care, typically the elderly. Whether to buy such insurance is a decision personal to each individual. However, there are many general considerations that should be taken into account when determining whether the purchase of long-term care insurance is wise.
In the past, extended families played larger parts in the lives of children. Family members often lived in close proximity to one another, and parents tended to stay together. With increased technology and transportation, however, today's families are often separated by physical distance, if not emotional distance stemming from divorce.
Getting Here
