Elder law is a collection of laws that have been increasing as there has been a growing recognition of the need to legally protect people of advancing years. In addition, the expansion of government social programs has created the need to properly define eligibility of benefits.
This type of law really gained a great deal of momentum with the emergence of “Medicare Supplemental” insurance. This product was designed to make up for the shortfall between what Medicare would pay and the overall cost of the medical procedure. Unfortunately, many insurance agents sold multiple policies to one individual when only one was needed.
This spawned a great deal of federal and state legislation concerning protecting senior citizens when it came to purchasing insurance products particularly long term care insurance.
There is a great deal more to Elder Law than just insurance products. Laws have been established to protect housing opportunities, accessibility to benefit programs and on competency petitions surrounding financial control.