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Elder Care Information |
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Long Term In-home Care Options
Are you worried that you may lose all your life's earnings and nest egg due to the rising costs of in-home long term care? As you get older do you have the necessary finances to protect yourself from going broke while slightly incapacitated? Many seniors are worried about are worried about the costs of long-term health care. Are you worried that if something happens to you, that you may run out of money and burn thru their reserves and all your nest egg. Even be forced to sell your paid for home to survive? The costs for long-term in home care are rising, just like the current costs in health care. The average nursing home stay is 2.5 to 5 years of care with a cost of $135.00 per day. At that rate it will not take log to burn thru piles of cash. This is a concern of seniors and rightfully so. It is very important to have long-term care insurance in order to protect your assets and give you peace of mind. You need the assurance of quality care, choice and control over receipt of care. As we get older we do not wish to burden our offspring to come take care of us as they have their own family obligations; so we will want to avoid dependence and it might be nice to receive some tax advantages too. Paying for Long-Term Care requires some strategic planning; either thru family pact to take care of you or long term care insurance. Nothing is not guaranteed and do not expect the government to foot the bill. You see medicare is great but this program may pay for skilled nursing facility care for a very short period of time - but no longer than 100 days and only when you meet all the Medicare requirements for daily skilled care. If you live in California there is Medi-Cal, but this program, called Medicaid outside California, may pay for skilled, rehabilitation and custodial care that is not covered by Medicare, but only if you first "spend-down" assets to federal and state legal impoverishment level guidelines. Can you pay for your care thru personal or family assets without selling your home? Most people provide for long-term care expenses from personal or family income, assets and resources. Your more strategic choice for Long-Term Care may involve having an insurance program. Specially designed programs to pay for long-term health care expenses are viable option. HIPAA defines Federal tax treatment of insurance policies that provide long-term care coverage. Policies that meet certain criteria are designated as "qualified long-term care insurance" and will receive certain tax incentives: the cost of coverage may be deductible and long term care benefits received will not be reported as taxable income. Please consult your tax advisor for information about your personal situation. Play it safe and know your options regarding long-term health care and know protect your assets. Think on this. "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
MORE RESOURCES: Can Montana Elder Care Survive the Montana Legislature? Flathead Beacon The financial realities of elder care & long-term care insurance Church Executive Magazine Inside Japan’s long experiment in automating elder care MIT Technology Review New Jersey Man and Company Operating Nursing Homes and ... Department of Justice When to Consider Moving to a Senior Care Facility U.S. News & World Report Eldest sibling worries about elder care The Boston Globe GAO: CMS Nursing Home Ownership Information Lacks Transparency RevCycleIntelligence.com Capasso named Health Dimensions Group senior care executive ... McKnight's Long-Term Care News Caring for the elderly Malaysian Christian News What Is Memory Care, and What Are Its Benefits? ElderLawAnswers.com Senior care providers urge Montana lawmakers to boost Medicaid ... Montana Free Press Virtual reality-based therapies now covered by insurance for some ... McKnight's Senior Living Genesis Healthcare, after years of shrinking, is adding nursing homes again in Pennsylvania The Philadelphia Inquirer Older LGBTQ adults face unique challenges in giving and receiving ... American Heart Association News Families will likely have to help more as caregivers Spectrum News 1 As Long-Term Care Staffing Crisis Worsens, Immigrants Can Bridge the Gaps Kaiser Health News Opinion: Athena nursing homes address workforce shortage The Connecticut Mirror Is AI the future of elder care? The Jerusalem Post Glenn Youngkin | Governor.Virginia.gov Virginia Governor Ralph Northam - Proclamation Newtown nursing home report alleges neglect, staffing shortages The Connecticut Mirror Flurry of Medicare Advantage regulation likely to hit nursing home ... McKnight's Long-Term Care News Speciality care use falls after nursing home admission: report - McKnight's Long-Term Care News Can We Sell My Mom's House If She Is on Medicaid? ElderLawAnswers.com Texas, Nebraska Led Nation in Nursing Home Closures in 2022 Skilled Nursing News Calendar for Feb. 4 Examiner Enterprise Unexpected Medicaid increase saves 146-year-old nursing home ... McKnight's Long-Term Care News Nursing Home Giant Good Samaritan Society to Exit 15 States ... Skilled Nursing News Riverside nursing home staffer charged with stealing checks from ... Foster's Daily Democrat Kenneth Gerald Johnson, M.D. Obituary Times Herald-Record Will Nursing Home Take Ownership of My Dad's House? ElderLawAnswers.com Elder Care Law January 2023 News Channel 5 Nashville We Can't Separate Abortion Rights from Other Health Issues Progressive.org As latest Pappas development moves forward in DeKalb, what's next ... Shaw Local News Network Hundreds of Nursing Home Workers at Eight Saber Homes Win ... The Valley Ledger Europe grapples with raising the retirement age as life expectancy rises and birth rates plummet Yahoo News From thoughts of selling to a fourth Anita's Gardens Ozaukee Press South Jersey nurse honored for excellence The Sun Newspapers NY nursing homes go months without elder care oversight visit The Journal News The role of immigrants in the market for elder care Brookings Institution Britain’s Hard Lessons From Handing Elder Care Over to Private Equity Kaiser Health News How Digital Health Technology Can Combat Elderly Abuse HIT Consultant Trilogy Health breaks ground on elder care center in Lancaster Lancaster Eagle Gazette Montana’s elder care system is broken Explore Big Sky Elder Care Services in need of heater donations for the elderly WTXL ABC 27 Tallahassee News New tool shows complaints at senior care facilities in Minnesota St. Paul Pioneer Press Prairie Elder Care founders launch subscription box startup for ... Kansas City Business Journal How utilizing technology could ease senior care at home Mobihealth News Kentucky offering PACE elder care opportunities in limited counties ... User-generated content |
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