Cantissimo Senior Living Blog

Cantissimo Senior Living blog - an educational resource for older adults in lifestyle, wellness, and more.

Getting Started with Medicare: Part D – Prescription Drugs

Getting Started with Medicare: Part D – Prescription Drugs

When Medicare was introduced in 1965, prescription drugs were not covered. However, in December 2003, Medicare Part D was signed into law to cover the cost of medications. Unlike Medicare Part A and Part B, however, Part D is optional.

What Part D Covers

Medicare Part D is offered via plans marketed by private companies. Each plan publishes its own list of covered drugs called a formulary. Formularies contain both brand-name and generic drugs. A formulary typically will have two or more drugs in the most popular categories to allow for more choices.

Formularies are not static. Medicare rules allow a plan to make changes to its formulary and drug fees during the year because:

10 Simple Ways To Improve Your Focus

10 Simple Ways To Improve Your Focus

Everyone knows how it feels to have a list of tasks you need to get done, but you just can't seem to focus enough to complete them. You might even be so distracted that you can't even seem to begin. Many people struggle with a lack of focus. Luckily, there are things that you can do today to improve your focus. Here are 10 easy steps you can take today!

The Importance of Keeping a Tidy Home for Older Adults

The Importance of Keeping a Tidy Home for Older Adults

Cleaning has so many more benefits than just having a tidy home. We might be put off by house cleaning tasks, especially around spring cleaning time, which will involve some serious decluttering, reorganization, scrubbing, and polishing. However, delaying this activity and letting the dust settle can have significant impacts on things beyond your home's appearance. 

A clean home is wonderful, and it is always welcoming to come to a clean house. It takes a lot of effort to maintain and keep your house clean, but it has its advantages. If you clean regularly and effectively, your house will always look as good as new. Hygienically, it is important to live in a clean house.

House cleaning is a very challenging task that we all have to do at some point. The main motive for getting the place clean and organized is to make it an inviting and peaceful place to stay in and relax at the same time.

How Your Home Can Help Pay for Long-Term Care [Video]

How Your Home Can Help Pay for Long-Term Care [Video]

 

The majority (76%) of those over 50 say they would prefer to continue living in their own home as long as they can. However, this is not always possible, and other senior living options like assisted living may need to be considered. Yet, such long-term care options can be costly. For instance, one year of assisted living can cost over $50,000. If memory care or skilled nursing is required, the annual cost can be twice as much.

Unless one has long-term care insurance or can qualify for Medicaid, most people will need to tap all their assets, to pay for long-term care. This may include the equity in one's home.

There are four ways to leverage home equity to finance long term care:

8 Reasons To Join a Book Club

8 Reasons To Join a Book Club

When you have spent your entire life working, it can be hard to spend the day doing nothing. This is why it is crucial for older adults to get involved in activities that keep the mind active and fresh. One of the things you can do in retirement is to join a book club. Book clubs provide an opportunity to socialize with friends and discuss your favorite books. Continue reading to learn more about why joining a book club might be right for you!

Using a Health Savings Account to Pay for Long-Term Care [Video]

Using a Health Savings Account to Pay for Long-Term Care [Video]

 

Most of us have heard of a Health Savings Account (HSA), but many don't understand the important details about these accounts.

HSAs were intended to provide a way for Americans to save money for out-of-pocket healthcare expenses before meeting the deductible of a high deductible health plan (HDHP). In fact, an individual or family must have an HDHP to open an HSA.

HSAs were primarily intended to soften the financial burden of healthcare expenses for HDHP account holders of all age groups. However, an HSA can be particularly advantageous in paying for long-term care expenses at age 65 or over.

Getting Started With Medicare: Medicare Advantage Plans

Getting Started With Medicare: Medicare Advantage Plans

Some Medicare beneficiaries want more healthcare benefits than Original Medicare can offer, even with Medigap supplemental policies. Medicare Advantage Plans (sometimes known as Medicare Part C) fill this need by providing more benefits for beneficiaries who agree to extra costs and less flexibility.

The Medicare Advantage Alternative

Offered by private insurance companies, Medicare Advantage Plans provide Part A and Part B coverage as an alternative to Original Medicare. Medicare pays a fixed amount to these insurers for each beneficiary enrolled in their plans but requires these companies to follow specific rules. These rules allow the companies flexibility to offer more services. However, to do this, they may handle out-of-pocket costs differently and impose certain restrictions on enrollees.

8 Ways To Express Creativity in Retirement

8 Ways To Express Creativity in Retirement

Are you looking for fun and creative ways to spend your leisure time? Starting a journal, music, painting, knitting, woodworking, and scrapbooking are just a few examples of creative pursuits. There are plenty of methods to have fun while keeping your hands active and your creativity thriving, regardless of your interests or skill level.

Creative activities can help older adults develop motor skills, build social relationships, reduce stress, and relieve anxiety. In addition, both physical and mental health have been demonstrated to benefit from creative hobbies. Being creative can benefit seniors in a variety of ways. Researchers have discovered six characteristics of successful aging.

6 Benefits of Staying Busy in Retirement

6 Benefits of Staying Busy in Retirement

As we age, there are added benefits of staying busy. Remaining active and engaged during the day can improve sleep, increase energy, boost memory and brain health, improve productivity, and help to boost moods. In addition, anxiety and depression are less likely to occur in those who are busy interacting with others around them.

Finding a balance between being busy and socializing as well as getting enough sleep and having time to rest and recharge, is a key component of healthy aging. Continue reading to learn more about the benefits of staying busy!

Risking the Nest Egg: Using Retirement Savings for Long-Term Care

Risking the Nest Egg: Using Retirement Savings for Long-Term Care

 

The U.S. Department of Health and Human Services estimated in 2020 that 50-70% of those now turning 65 will eventually need some level of long-term care.

Yet, few people include a long-term care component in their retirement planning. It seems like more people plan for their children's college education than for the very costly and highly probable reality of long-term care. Assumptions that typically drive this lack of planning are: