Since 1975, the Social Security Administration has reviewed the cost of living to influence benefit increases, which they refer to as Cost-of-Living Adjustments (COLA).
Many Americans enroll in Medicaid to cover the cost of long-term care insurance at an “approved” skilled care facility. In fact, over 75% of Ohio nursing home residents are on a Medicaid program.1
October is Long-Term Care Planning Month. It’s a time to evaluate what your needs may be so you can take proactive steps to ensure they’re met in the future.