When you think about how senior citizens who need living assistance get the care that they require, nursing homes may come to mind. But it is important to understand that nursing homes are very expensive. It is not uncommon for people to spend multiple years receiving care toward the end of their lives. Given the current state of nursing home costs this could result in hundreds of thousands of dollars in expenses. Medicare is not going to pay for long-term care. Medicaid can fill the gap in … [Read more...] about Assisted Living: Consider All Options
Elder Law Alert: Increased Medicaid Limits in Place for 2013
Many Americans will rely on Medicaid to pay for long-term care as senior citizens. According to the United States Department of Health and Human Services you have a four in 10 chance of needing nursing home care eventually once you reach the age of 65. 10% of people who require such care are going to need it for at least five years. The average annual charge for a private room in a nursing home in 2012 was over $90,000, so this expense could be devastating if you had to pay … [Read more...] about Elder Law Alert: Increased Medicaid Limits in Place for 2013
Tackling Elder Law Issues As A Family
Humility can be difficult. However, recognizing your limitations as you start to look forward to the future is important, and you have to be humble enough to accept that no one is immune to aging. Because of this, it is a good idea to address these eventualities with your family before a problem occurs. For example, let's take a look at long-term care: The majority of people who reach their middle 60s will someday need long-term care, so this is something that everyone should take … [Read more...] about Tackling Elder Law Issues As A Family
Long-Term Care Insurance
You have to work with a comprehensive overview when you are planning for the future. People who go forward with their heads in the sand hoping for the best often receive a rude awakening when certain contingencies present themselves. With this in mind you would be well-advised to apprise yourself of the costs associated with long-term care. These rising expenses are a major concern, particularly within the elder law community. Some 70% of senior citizens are going to need long-term care at some … [Read more...] about Long-Term Care Insurance
Federal Cost Cutting Can Impact Your Plan For Aging
One of the things that you should keep in mind when you are planning for the future is that everything is connected. Estate planning is by its very nature connected to retirement planning because your legacy is going to be impacted by your expenses and the overall financial decisions that you make after you retire. With this in mind, you have to get a handle on the expenses that you anticipate, evaluate your projected income, and create an intelligent, holistic plan for the future. To this end … [Read more...] about Federal Cost Cutting Can Impact Your Plan For Aging
Medicaid May Be Targeted By “Super Committee”
One things to keep in mind when you are budgeting for your elder years is the high and ever-rising cost of long-term care. Unfortunately many people don't give it a lot of thought, and there are a couple of different reasons for this. First, some assume that Medicare will pick up all of their health care expenses once they reach the age of eligibility. The reality is that Medicare does not pay for long-term care. Another common misconception is that most people are not going to need long-term … [Read more...] about Medicaid May Be Targeted By “Super Committee”
CLASS Act on Hold
Last Friday, the Department of Health and Human Services announced that it does not plan to implement the Community Living Assistance Services and Support (CLASS) Act at the present time. The CLASS Act was intended to act as a federal insurance program for long-term care, particularly in nursing facilities. The enacting legislation requires HHS to determine that the program will be self-sustaining (that is, it will pay for itself) before going into effect. Because HHS was not convinced that … [Read more...] about CLASS Act on Hold
Long-Term Care Aid For Wartime Veterans
Unfortunately a lot of people take a "this will never happen to me" attitude about some things, and this can come back to haunt them. Individuals who find themselves prepared for all eventualities don't think this way. They keep their heads up and face all possible contingencies head on. They may or may not have to put their contingency plans into action, but they are prepared nonetheless and this provides them with a great deal of peace of mind. This in itself can help to keep you healthy as … [Read more...] about Long-Term Care Aid For Wartime Veterans
Give Yourself a Break from Your Caregiver Long Term Care Duties
If you provide long term care as a caregiver on a regular basis, you know how demanding your job duties can be. While you’re helping your loved one with his or her daily care needs, it undoubtedly takes a toll on your body and your stress level. It’s important to give yourself the breaks that you deserve so you’re able to function and provide much-needed care. Here are some helpful tips: Ask for assistance. If you have other friends and family members who are able to help out with your … [Read more...] about Give Yourself a Break from Your Caregiver Long Term Care Duties
Long Term Care: Caregiver Agreements
It’s becoming more and more popular for family members and friends to assist their loved ones with long term care needs. This can be a great way to keep a loved one in the home while also allowing her to live a more comfortable life. If you’re thinking about becoming a caregiver to your loved one, you may want to consider the use of a caregiver agreement. Caregiver agreements allow you and your loved one to create a care plan. Take a look at the information below, to better understand how a … [Read more...] about Long Term Care: Caregiver Agreements
