Why You Might Be Responsible For Paying Your Parents' Medical Debts [Forbes]
Genworth Financial Inc (GNW)
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Source: Forbes
haunt the adult children of seniors who can't pay for their own care. In her five years as a Democratic member of Pennsylvania's State House, Kristine Howard has fought for gun control, abortion rights, environmental protections and greater funding for public education. But this year, after the death of a colleague, Anthony M. DeLuca Sr., she took up his decade-long crusade to change an obscure state law under the provocative bill title: "Stop Bankrupting Pennsylvanians Over Family Medical Bills” Act. The law Howard is seeking to change is Pennsylvania's “filial support” law–a concept dating to colonial days, with the current version written into state law in 1937. It makes those with financial means legally responsible for nursing home, medical and other bills of destitute family members, including aging parents, adult children and a spouse. “It can be a rude awakening for many people,” says Howard, a 62-year old lawyer representing Chester County in eastern Pennsylvania. Mo
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- Retirement Planning: Here's How Much Money You Actually Need To Age in Place [Yahoo! Finance]Yahoo! Finance
- Scarecrow laws threaten to make middle-aged Americans financially responsible for their parents' medical bills [Yahoo! Finance]Yahoo! Finance
GNW
Sec Filings
- 5/3/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 5/1/24 - Form 8-K
- GNW's page on the SEC website