Tag: aging

February 4, 2025 Off

Medical Billing Errors: Why Seniors Are at Higher Risk (and How to Fight Back)

By The Admiral Staff

According to the Consumer Financial Protection Bureau, individuals age 65 and older are more likely to encounter medical billing errors, which can negatively impact their credit scores. Several factors contribute to this, including increased doctor visits, complex billing codes, multiple insurance policies leading to communication breakdowns, and potential cognitive or stress-related challenges associated with aging. The article suggests several steps to combat these errors, including researching rights, seeking help from organizations like Dollar For or state Consumer Assistance Programs, applying for financial assistance from non

February 18, 2024 Off

Second Chances & Second Mortgages: A Financial Crossroads

By The Admiral Staff

A 71-year-old woman is hesitant to disclose her debt to her 72-year-old boyfriend, with whom she is committed but not planning to marry. The advice columnist suggests she isn’t obligated to share this information unless they were considering marriage or cohabitation. However, she encourages consideration of whether withholding the information impacts her spending habits or causes undue stress. Ultimately, the columnist advises that his reaction to the disclosure will reveal a lot about him, and suggests talking to