retirement

Moving parents in with you

Will your parent cross state lines?
Will your parent cross state lines? © Alexander Raths/Shutterstock.com

If moving parents in with you involves relocation to a different state, it's important to understand how this will affect insurance policies and health care.

Are there doctors where you live who are qualified to treat your parents' medical conditions? In some areas, it's difficult to find primary care physicians who accept Medicare patients, says Suzanne Modigliani, a certified, independent geriatric care manager based in Boston.

Is mom's supplemental insurance transferable? Some policies require establishing residency of at least six months, Modigliani says. What happens if she needs medical treatment before that? Who will pay for medical expenses not covered by Medicare or insurance?

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Stopping work your way

A recent study shows that boomers intend to work longer and they want to do it on their own terms, but many employers aren't yet on the same wave length.  ... Read more

advertisement
Partner Center
advertisement

Connect with us