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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: Child care & seniors care are social infrastructure Island Social Trends The state of long-term care home food is tough to stomach for many Manitoba residents and their loved ones Winnipeg Free Press The Coming Eldercare Catastrophe U.S. News & World Report Who will care for us? Deseret News 9 dead in Fall River, Mass. assisted living facility fire: A sign of systemic neglect in US elder care World Socialist Web Site Visionaries Unite: How the West Coast Conference on Aging is Rewriting the Future of Senior Care The Daily Scan Coming Together to Meet the Titanic Threat to Eldercare San Diego Business Journal States with the Worst Reported Nursing Home Care WorldHealth.net Commentary: The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can? Los Angeles Times Eldercare cbp.gov When a 91-year-old renter in Toronto is evicted with nowhere else to go, our governments have failed completely Toronto Star Nova Scotia Health’s Dignity of Risk Program leading change in caring for older adults living with frailty and dementia Nova Scotia Health ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News Mark Yaffe: Pioneering Excellence in Elder and Mental Health Care McGill University Canada’s aging crisis and a call for reform in eldercare The Hill Times Navigating Japan's Labor Crisis: Robotics, Senior Care Tech, and the Path to Social Cohesion AInvest Immigration crackdown under Trump squeezes U.S. nursing homes’ workforce The Haitian Times Kansas nursing home leader says Trump’s shortened Medicaid payment timeline may hurt patients Kansas Reflector AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes Ontario Supporting Seniors and Their Caregivers Ontario Newsroom There can be no turning back McKnight's Long-Term Care News Rescue work continues at site of impact near elder care facility in central Israel The Times of Israel BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University Your Company Needs an Eldercare Policy Harvard Business Review Cabinet touts NT$290bn elder-care tech program Taipei Times 'Don't open another bed': St. John’s doctor says there's a better way to keep seniors out of long-term care PNI Atlantic News The Best Smart Home Devices to Help Aging in Place The New York Times Video: How the Immigration Crackdown Threatens Elderly Care The New York Times Emotional needs and service process optimization in combined medical and elder care: A TRIZ approach ScienceDirect.com Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health Initiative to address women’s care load in Africa expands with two new projects | IDRC IDRC - International Development Research Centre Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist News Enid ‘Mama’ Dennis still alert, generous at 105 Jamaica Gleaner A lack of nursing home oversight is a problem for many states Montana Public Radio The opportunity to innovate in senior housing McKinsey & Company Applying Psychology in Elder Care: A Personal Reflection British Psychological Society Cracks in home care need filling NB Media Co-op Cutting Medicaid means abandoning our elders Reno Gazette Journal What the facility fire exposed about senior care Rolling Out Senior Care Authority Sees Growth With New Franchise Owners, CEU Program and Expanded Support 1851 Franchise Geriatrics Sinai Health How companies can ease the strain on employees taking care of elderly parents or ill family members CNN A Model for Elder Care? Supported Housing Offers Some Hope for the Future Center for Retirement Research Bonjour Résidences at the SMASH Conference in Las Vegas: Technological Innovations for Senior Care Bonjour Résidences AI And Robotics: Shaping The Future Of Elder Care And Assistance Quantum Zeitgeist Nursing homes may start sedating your elderly parents because they don’t have enough staff MarketWatch Hackers Target Eldercare Homes The Wall Street Journal Nursing home and elder-care residents could be hit hard by potential Medicaid cuts The Washington Post New Westfield ordinance will invoice senior care facilities for non-emergency 911 calls ReadTheReporter.com Deputy urges fresh talent to fill elder care gap China Daily Should we subsidize elder care more? Stockholms universitet WHO calls for urgent transformation of care and support systems for older people World Health Organization (WHO) |
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