Latest Major medical expenses News

Should you use a reverse mortgage to pay for long-term care?

Jun. 01, 2022 07:01 AM EDT

Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, according to the Department of Health and Human Services, and many don’t have the savings to manage the cost of assisted living. But they may have a mortgage-free home — and the equity in it, giving them the...

House to offer relief to families impacted by disabilities

May. 28, 2022 00:04 AM EDT

GAINESVILLE, Ga. (AP) — For families impacted by disabilities, Molly’s House offers rest. A three-bedroom guest home within minutes of Northeast Georgia Medical Center and Tender Ones Therapy Services, the space was created by Ryan and Abigail Burle to offer respite to families...

State's mental health facilities for children are strained

May. 21, 2022 15:23 PM EDT

SEATTLE (AP) — On the website for Tamarack Center, big bold letters read “DOES IT WORK?” “We answer that question with an enthusiastic ‘Yes’,” the center says of its offerings: a children’s residential program in Spokane, where kids with serious mental health...

Federal judge dismisses lawsuit against long-term care tax

Apr. 27, 2022 15:18 PM EDT

OLYMPIA, Wash. (AP) — A federal judge has dismissed a class action lawsuit that was filed by opponents of a mandatory payroll premium to fund Washington state’s recently delayed long-term care program, saying the court did not have jurisdiction since it was a state tax. The...

4 big expenses you could face in retirement

Mar. 30, 2022 08:49 AM EDT

Retirement planning is part savings, part guessing game. While many of your day-to-day expenses will remain the same, there are big-ticket categories that can take a large bite out of your savings. The more you can plan, the better prepared you’ll be to weather the costs. Here are...