4 Key Aspects Senior Couples Should Consider Before Getting Married

Author

Assured Senior Living

Posted on

Sep 28, 2022

Book/Edition

Colorado - Denver Metro

The expression – love knows no bounds fits perfectly for couples looking to tie the knot in their golden years. Compared to marrying young, as a senior, you’re bound to have much more financial stability and a stronger understanding of who you are as a person. As a result, you can dedicate the majority of your time to living the best life with your significant other. For older couples on the cusp of marriage, this article will explore key considerations to be aware of before starting the next chapter of your life.


This resource guide is just one example of the great content you can find on the Assured Senior Living website.

Take a Call on Finances

The big question to answer will be whether to combine your finances or not. Merging finances is not as simple as pooling money into the same savings accounts, you’ll need to take a call on:



  • Managing day-to-day expenses such as home maintenance, groceries, utilities, etc.
  • Whether to add your spouse’s name on assets such as a second home, investment property, 401(k) plan, and more.
  • If either of you have debt, decide whether the individual will be solely responsible for repaying it or will it be repaid using pooled resources.


Additionally, be open about your future investment plans, such as expanding your portfolio, buying property, etc., and ask your spouse to do the same. Make the necessary tweaks and create a new financial plan which serves as a pathway to reach goals as a couple. 


Given the complexity of this process, consider working with a financial professional who can help make a solid plan and educate you on how to manage money as a new couple.

Review Medicaid Benefits

If you or your spouse currently receive Medicaid, take into consideration how the marriage will impact the benefits you receive. As reported by Medicaid.gov, this is a public health program catered toward helping low-income individuals, but its eligibility is calculated based on total household income. Hence, if the annual income of your new household exceeds the maximum threshold, you may no longer be eligible for Medicaid.


In this scenario, it is important to make a clear plan on how healthcare requirements will be managed in the future. The best options include:



  • Applying for good health insurance, which can be taken separately or as a couple.
  • Use your employer-provided health insurance to cover healthcare needs. As coverage varies among companies, it’s best to speak with the employer to understand the viability of this option.

Create Future Plans

With a partner by your side, the future will look different than before. While you don’t need to follow plans to the T, it’s good to create several mutually shared goals to work towards in the golden years of your life. These can include:


  • Starting a Business: If the entrepreneurial spirit burns bright in both of you, starting a business can be a great option to consider. Given decades of work experience, both of you will bring unique skills and experience to the table that will help make the business successful. In addition to serving as the primary or secondary source of income, managing the business as a couple will result in you spending the majority of time with your better half each day.


When it comes to promoting your business, the essentials will include designing a responsive website and leveraging social media advertising. There are various online tools through which you can create a Facebook ad in seconds. 


  • Buying a Home: While moving in with your partner is always an option, relocating is an exciting prospect to consider. This can involve moving to a state both of you always wanted to live in, or making the move away from the city to spend your retirement years in peace in the suburbs.


The home buying process can be tedious, as it may involve selling your current home, applying for a mortgage, and much more. Hence, it’s best to start early and create provisions in your financial plan.

Consider a Prenuptial Agreement

While this may be an uncomfortable topic to bring up, discuss the need for a prenuptial agreement (prenup) with your partner. As reported by Nolo, a prenup is a legal document that includes details regarding the financial assets of each individual and conditions attached to them in the event of divorce or bereavement.


Here are prominent reasons you can consider creating a prenup:



  • Assets from Previous Marriages: Individuals with children from prior marriages can use prenups to clarify how assets will be distributed in the event of their passing. Without a prenup, property rights typically pass onto the significant other, which creates the possibility of a future legal dispute.
  • Protection from Debts: Prenups can also be used to protect yourself from being held liable for the repayment of your partner’s debts. 


While you may be counting down the days to the wedding, before making it official, take the time to make a plan regarding the above-mentioned aspects to ensure you and your partner are secured for the foreseeable future.

Other Articles You May Like

How Does Colorado Medicaid Pay for Assisted Living?

Does Medicaid pay for Assisted Living? Medicaid is funded in part by the federal government and in part by the states. If you are confused about Medicaid, you arent alone. The Federal and State government are continuously changing rules surrounding healthcare, making it difficult for many people to know if they are using the correct information and making the right choices. Below, weve gathered some of the main benefits and drawbacks as well as some links to our vetted resources. Or, feel free to give our team at Stacys Helping Hand, Inc a call at the number above if you would like a Denver assisted living expert to help provide some clarity.Does Medicaid Pay for Assisted LivingIn Colorado, you can apply directly to Medicaid on your own, or you can choose to get Medicaid through the PACE program. In the Denver area, the program is called the InnovAge Greater Colorado PACE. We recommend utilizing InnovAge if the centers are conveniently located due to the fact that many of the assisted living facilities that dont accept Medicaid will accept payments through InnovAge. The drawback is that InnovAge centers are in limited zip codes and require that you go through their network of experts. For difficult cases, you might need to talk to a local medicaid expert.Medicaid BenefitsIf you have limited assets, low income and you need help paying for nursing home or assisted living care, Medicaid might help you pay for part of your care. Nursing home and assisted living services are considered types of long-term care. Long-term care consists of not just medical services, but also personal services. For example, a resident in a nursing home might pay for assistance with bathing and dressing in addition to medical treatment. Medicaid rules for long-term care are significantly different in many ways than their rules for other services.Medicaid DrawbacksMedicaid may not be the best source of funding for assisted living depending on your situation. The first questions most often asked is whether Medicare will pay for assisted living. The answer is no. Medicare is strictly health insurance. Long Term Care Medicaid pays about 30% less than whats needed for most assisted living costs. Medicaid will cover up to $2250 a month at most.Since Medicaid reimbursement rates for assisted living facilities are not high, many assisted living communities dont accept Medicaid. The ones that do are often shared living communities. Also, given the limited range of services for which Medicaid provides assistance and the enrollment caps and waiting lists for Medicaid waivers, many families might benefit by finding affordable assisted living outside of the Medicaid system.EligibilityFor those who need help with assisted living in Denver, adults without dependent children whose household income does not exceed 133% Federal Poverty Level can apply here and will also need to apply for an Elderly Blind and Disabled Waiver (EBD Waiver). If they already have Colorado Medicaid Insurance, then they would apply for the Medicaid EBD Waiver. This waiver is what will contribute to covering the costs of assisted living.Weve written in more depth about the financial eligibility aspects of Long Term Care Medicaid (EBD Waiver) in Paying for Assisted Living Facilities: Spend Downs. In a nutshell, Long Term Care Medicaid requires you to contribute most of your income for room and board when you are living in an assisted living and the EBD Waiver will supplement the facility for your care. You are allowed to keep a small fixed amount of money as a personal needs allowance to pay for snacks, clothing and personal products.There are spousal protection rules, but if you need that much detail, wed recommend talking to a local expert. You can give us a call at Stacys Helping Hand, Inc at 720-248-7758

Sun Safety for Everyone with These Sun Safety Tips

Stay Sun-Safe with These Sun Safety Tips Summer is in full swing and with it comes the long-awaited sunshine. While the sun can provide many benefits, it can also be detrimental to our health if we do not take care to protect ourselves.  Whether you're spending time outdoors on a sunny day, going for a walk or just sitting on the porch, protecting yourself from harmful rays should always be a top priority. In this blog post, we will share tips and tricks on how to keep safe in the sun. Facts and Stats About Skin Cancer  Staying ahead of skin cancer means staying informed about its causes, risks, and outcomes. The Skin Cancer Foundation (Opens in a new window) shares the following staggering facts and stats about skin cancer in the United States:  1 in 5 Americans will develop skin cancer by the age of 70. Every hour, more than 2 people die of skin cancer in the U.S. Your risk for melanoma doubles after experiencing five or more sunburns. Early detection of melanoma leads to a 99% 5-year survival rate. Risks of Skin Cancer and Who is Most at Risk Although anyone can develop skin cancer, some people are more at risk than others. According to the American Cancer Society (Opens in a new window), those with fair skin, light hair, and blue or green eyes are more likely to get skin cancer, as are those with a personal or family history of skin cancer. Additionally, exposure to UV rays from the sun or tanning beds can greatly increase your risk. And while skin cancer can happen at any age, it's more common in people over the age of 50, says the Skin Cancer Foundation (Opens in a new window).  Tips for Staying Safe in the Sun We all want to make sure that were taking the best possible care of ourselves and our loved ones, especially when it comes to protecting ourselves from the dangers of spending too much time in the sun. Overexposure can lead to serious health risks such as dehydration, sunburns, heat exhaustion even skin cancer so its imperative for us to be aware of sun protection methods during outdoor activities. Here are some sun safety tips to bear in mind when spending time outside: Apply sunscreen regularly: Use a broad-spectrum sunscreen (SPF of 30 or higher) that blocks both UVA and UVB rays. To ensure that sunscreen is evenly applied, use about an oz (a shot glass) worth of sunscreen or enough to fit in the palm of your hand. Reapply every two hours or immediately after swimming or sweating. Wear appropriate clothing: Wear loose, comfortable clothing that covers as much skin as possible, such as long-sleeved shirts and pants. Consider sun protective clothing with UV blocking fabric. Seek shade: Stay under the shade as much as possible and always use an umbrella, tent, or other porous objects to provide shade. Again, avoid being in the midday sun from 10 a.m. to 4 p.m., when UV rays are the strongest. Wear a hat: Wearing a wide-brimmed hat is a great way to protect your face, ears, and neck from the sun. Hydrate: Drink plenty of water being in the sun can be dehydrating. Dont be fooled by cloudy weather: UV radiation can still damage your skin, even on a cloudy day. It is important always to apply sunscreen when going outside for an extended period. Tips for Preventing Skin Cancer According to the Centers for Disease Control and Prevention (Opens in a new window), skin cancer is the most common type of cancer in the U.S., and it affects millions of people every year. It is caused by damage to the skin cells caused by the sun's harmful UV rays. CDC research show that certain people carry risk factors that make them more susceptible to skin cancer (Opens in a new window). Whether you have risk factors for cancer or not, there are plenty of ways to protect your skin from the sun and prevent skin cancer: Monitor your medications: Some medications can make your skin more sensitive to the sun. If you are taking any prescription drugs, talk to your doctor, or pharmacist, about the potential side effects and how to protect your skin. Live a healthy lifestyle: Eating a healthy diet, getting regular exercise, and managing stress can all have a positive effect on your skin. By living a healthy lifestyle, you can give your skin the best chance of staying healthy and avoiding skin cancer. Avoid Tanning Beds: If you're looking to get a tan, skip the tanning bed and opt for a self-tanner instead. Tanning beds expose your skin to harmful UV rays, increasing your risk of skin cancer. Get Regular Skin Checks: Schedule regular appointments with a dermatologist to have your skin checked for any signs of skin cancer. Catching it early can greatly improve your chances of successful treatment. Protect. Protect. Protect: As mentioned above, some of the most proactive steps you can take to protect yourself from skin cancer is to seek the shade; avoid the suns UV rays when they are strongest between 10 am and 4 pm; wear sun protective clothing; and use a broad-spectrum sunscreen with an SPF of 30 or higher.  Call today for more information 303-300-6666.

What is Sepsis?

What to Know About Sepsis and RecoverySepsis is a condition that affects the whole body and requires quick action. Families with senior loved ones need to understand sepsis so they can react appropriately when faced with the signs of sepsis. This life-threatening condition affects at least 1.7 million adults in America every year, and without timely treatment, it can lead to organ failure and sometimes death. To best protect yourself and your family, it's essential to know the common risk factors for sepsis and what treatment options are available. Learn more about this serious condition from the team at BrightStar Care.What Is Sepsis?Sepsis is a medical emergency that occurs when an infection triggers an extreme immune reaction. Instead of attacking the infection, sometimes the immune system starts to damage normal tissue and send inflammation through the body. If it's not treated quickly and properly, sepsis can cause tissue damage, organ failure and in some cases death. Some people are at higher risk of sepsis than others, particularly if they have any of these risk factors:A weakened immune systemChronic medical conditions, including diabetes, lung disease, cancer and kidney diseaseA recent severe illnessCurrent or recent hospitalization for a severe illness or surgeryTrauma injury such as severe burnsAged 65 and olderA previous sepsis diagnosisRecognize the Signs and SymptomsThis condition can be dangerousso what are the symptoms of sepsis? Identifying sepsis in older adults can be challenging. It's not uncommon to confuse sepsis with cardiac, renal or immune problems. With this in mind, it's even more important to know the tell-tale signs of sepsis and get help immediately. According to the CDC, individuals with sepsis may have a combination of these symptoms:Fever and chillsShortness of breath and difficulty breathingClammy or sweaty skinConfusionRacing heart or weak pulseExtreme painLow blood pressureCaring for Seniors with SepsisWhen it comes to caring for seniors with sepsis, hospitalization is often necessary to provide the appropriate level of medical care and treatment. It's all about timely carean older patient's best chance for survival is a rapid response. If you notice symptoms of sepsis, head to the emergency room immediately. Upon arrival, doctors will begin treatment right away, administering fluids and antibiotics.For many caregivers, a sepsis scare makes them feel powerless. While caregivers will need to let doctors take care of the medical aspect, they can play a crucial role in recovery. They should remain aware of symptoms and encourage the following prevention measures:Stay hydratedWash hands frequentlyMaintain a healthy dietEnsure immunizations are up to datePractice good oral hygieneTreat cuts and wounds promptlySeek medical care at the first sign of infectionCommon Sepsis TreatmentsPrompt treatment is essential when dealing with sepsis symptoms in older adults. Fortunately, healthcare professionals are trained on the proper steps to take when an individual begins showing signs. While everyone will require a unique treatment approach, these interventions have been effective at combating sepsis:Antibiotics: Treatment with antibiotics is a proven way to treat sepsis. These medications target infection-causing bacteria and stop their spread throughout the body. Once blood tests reveal what is causing the infection, a specific antibiotic can be administered to help.IV Fluids: In addition to antibiotics, most people need intravenous fluids to maintain blood pressure and prevent dehydration. IV fluids ensure the organs continue to function and can help reduce damage from sepsis.Oxygen Therapy: Sepsis patients may need supportive care in the form of oxygen therapy.Vasopressors: Vasopressors are used when a patient's blood pressure drops. They narrow the blood vessels and promote a rise in blood pressure.Surgery: In some cases, surgery is necessary to remove the infected tissues causing sepsis.Intensive Care: Most people diagnosed with sepsis will need care from a hospital's intensive care unit. Here, they can receive the life-saving treatments they need.Recovering From SepsisRecovering from sepsis is often difficult. Nevertheless, sepsis survivors may be able to recover completely and return to their normal lives. While there are typically some long-term effects, plenty of people have recovered from sepsis thanks to a combination of in-home care, hospital stays and physical rehabilitation. Recovery looks different for everyone, but many benefit from the following:Physical Rehabilitation: After surviving sepsis, physical rehabilitation begins in the hospital. This involves gradually regaining mobility and strength through exercises and movement. The goal is to rebuild muscle tone, improve coordination and restore physical function.Ongoing Monitoring: Sepsis can have long-term effects and lead to organ dysfunction. With this in mind, it's important to consistently monitor your loved one for symptoms. Regular check-ups with a primary physician are critical.Emotional Support: Recovery is often an emotional battle as well as a physical one. Sepsis patients have been known to deal with depression, anxiety and confusion, even once they've returned home. Family caregivers may provide emotional support themselves or coordinate companion care with a local provider.Tips for Home RecoveryTime is of the essence when responding to sepsis, but recovery time is a different story altogether. Recovery is anything but quick, and many sepsis survivors have a long road ahead of them. Thankfully, there is plenty you can do to help your loved one recover from home. Try these approaches to streamline the recovery process:Help your loved one set achievable goalsthis could be walking up a few stairs or taking a couple of stepsEncourage them to rest as much as necessaryGive them a space to express their thoughts, whether that's verbally or in a journalProvide a balanced dietAssist your loved one with light exercise regimens approved by their doctorSeek a mental health counselor to meet with your loved oneHearing that your loved one has sepsis is nothing short of terrifying. However, recovery is not as impossible as many think. With your caregiving and help from the team at BrightStar Care, your loved one may regain the ability to do most of their favorite activities. We focus on compassionate care for every client and their family, providing guidance and support every step of the way. Call today to learn more 303-300-6666.

Local Services By This Author

Assured Senior Living 4

Memory Care 1861 Sapling Court, Castle Rock, Colorado, 80109

MEMORY CARE WITH A MISSION - LOVE IT'S WHAT WE DO! Maybe youve already sampled the typical memory care routeonly to find your concerns were more than founded.  Instead of thriving, your loved one declineddeprived of the love, comfort, and consideration they once enjoyed. Isnt there a better way? you wondered, hopeful a new path might emerge?Your decision to transition your loved one into memory care wasnt made lightly.  You acted out of selfless love knowing you could no longer provide the level of daily care they needed to remain safe and independent in their own home. Still, the thought of watching your once-vibrant loved one fading, locked away to stare at the walls in the dreary institution, makes your heartache. No one should be forced to choose between a loved ones safety and quality of life. Your decision to transition your loved one into memory care wasnt made.At Assured Senior Living, you can be assured of our quality care in a safe, secure environment, as well as peace of mind knowing your family member will receive the comprehensive services, personal care, and emotional support he or she needs, 24 hours a day. (*Including awake staff). Our innovative program provides the structure and routine needed to ensure feelings of security and certainty in day-to-day life. Please call for a personal tour of how Assured Senior Living can meet your loved one's unique needs.

Assured Senior Living 7

Memory Care 10139 Riverstone Drive, Parker, Colorado, 80134

MEMORY CARE WITH A MISSION - LOVE IT'S WHAT WE DO! Maybe youve already sampled the typical memory care routeonly to find your concerns were more than founded.  Instead of thriving, your loved one declineddeprived of the love, comfort, and consideration they once enjoyed. Isnt there a better way? you wondered, hopeful a new path might emerge?Your decision to transition your loved one into memory care wasnt made lightly.  You acted out of selfless love knowing you could no longer provide the level of daily care they needed to remain safe and independent in their own home. Still, the thought of watching your once-vibrant loved one fading, locked away to stare at the walls in the dreary institution, makes your heartache. No one should be forced to choose between a loved ones safety and quality of life. Your decision to transition your loved one into memory care wasnt made.At Assured Senior Living, you can be assured of our quality care in a safe, secure environment, as well as peace of mind knowing your family member will receive the comprehensive services, personal care, and emotional support he or she needs, 24 hours a day. (*Including awake staff). Our innovative program provides the structure and routine needed to ensure feelings of security and certainty in day-to-day life. Please call for a personal tour of how Assured Senior Living can meet your loved one's unique needs.

Assured Senior Living 6

Memory Care 4837 Wagontrail Court, Parker, Colorado, 80134

 Assured Senior Living - 2 Parker LocationsMEMORY CARE WITH A MISSION - LOVE IT'S WHAT WE DO! Maybe youve already sampled the typical memory care routeonly to find your concerns were more than founded.  Instead of thriving, your loved one declineddeprived of the love, comfort, and consideration they once enjoyed. Isnt there a better way? you wondered, hopeful a new path might emerge?Your decision to transition your loved one into memory care wasnt made lightly.  You acted out of selfless love knowing you could no longer provide the level of daily care they needed to remain safe and independent in their own home. Still, the thought of watching your once-vibrant loved one fading, locked away to stare at the walls in the dreary institution, makes your heartache. No one should be forced to choose between a loved ones safety and quality of life. Your decision to transition your loved one into memory care wasnt made.At Assured Senior Living, you can be assured of our quality care in a safe, secure environment, as well as peace of mind knowing your family member will receive the comprehensive services, personal care, and emotional support he or she needs, 24 hours a day. (*Including awake staff). Our innovative program provides the structure and routine needed to ensure feelings of security and certainty in day-to-day life. Please call for a personal tour of how Assured Senior Living can meet your loved one's unique needs.