|Elder Care Information|
The Best Investment You Can Make Right Now: Long Term Care Insurance
Don't think you need it? Consider this: a full 50% of Americans over the age of 50 will need long term care at some point in their lives. The average cost of nursing facility care (or home health care assistance) is $61,000 per year, and the average stay in a long term care facility is 2½ years. Can you think of a faster way to decimate your nest egg?
Or look at it this way: you would never go without homeowner's insurance, would you-even though the chance of a house fire is just one in 1,200. Yet according to a recent study, if you are age 65 or over, you are ten times more likely to find yourself in a nursing home this year as you are to have your house burn down.
So if haven't looked into Long Term Care Insurance-or LTCI-now is the time. Become an educated consumer. Find out how it works and what it covers, so you can determine if it is right for you. This overview will get you started.
What Exactly Is Long Term Care?
Long term care is the assistance you may need if you become unable to care for yourself because of prolonged illness or disability.
Generally, a person becomes eligible for LTCI benefits when he or she is unable to perform any two of six "Activities of Daily Living" (bathing, eating, dressing, toileting, continence, and transferring-say from a bed to a chair). People with Alzheimer's disease or severe cognitive impairment are also eligible and those who receive doctor-certification that they require care for at least 90 days.
LTCI provides coverage for such care, whether received in a nursing home or in your own home. In fact, one of the advantages of LTCI is that it allows you to make your own healthcare choices-such as electing in-home care that permits you to remain at home.
No, Medicare Doesn't Cover It!
One of the myths of long term care is that Medicare will foot the bill. But Medicare pays for just a very small percentage of nursing home care, and eligibility is very restrictive. (For a nursing home stay, Medicare requires that you must be hospitalized for at least three days and must receive skilled care daily. In addition, you must enter a Medicare-approved facility and stay in a Medicare-approved bed.)
Here's how it works: Medicare covers all eligible expenses for the first 20 days. For days 21-100, you first pay a co-payment as of 2005 is $114.00 per day; Medicare pays the difference. After 100 days, Medicare ceases to pay altogether.
In other words, Medicare is designed to cover short term recuperative care. But for most long term care patients, the average period of care exceeds 900 days. And unless you are impoverished and qualify for Medicaid (public aid), you are responsible for those staggering bills. That's where LTCI comes in.
What's the Best Time to Buy?
The best time to buy, quite simply, is now. The younger and healthier you are, the more insurable you'll be-and the lower your premiums. Already in your 70s? If you're in fair health, chances are you'll be able to obtain coverage. You won't know unless you ask, so by all means ask.
Here's a good thing to know: once your policy is in effect, premiums never increase due to changes in your age or health. Premiums remain level unless your insurance carrier raises premiums for an entire class of policyholders in your state. Most policies are guaranteed renewable, which means that the company cannot cancel the policy or reduce benefits regardless of age.
Another excellent reason to buy right now: you'll have the protection in case you need it.
What Should I Look for in a Policy?
Believe it or not, LTCI has been around for more than 30 years. During that time, policies have evolved to become quite sophisticated. As a result, there are a number of plan design features you'll need to consider when evaluating a plan:
Coverage: A good LTCI plan includes coverage for nursing facility care, home care, adult day care, assisted living facility care, hospice care, and homemaker or companion services. In addition, the plan should cover your pre-existing conditions and offer complimentary care management and consultation, which can be invaluable in mapping the course of care.
Daily Benefits: LTCI benefits range from $100-$500 a day. Your choice should be driven by the cost of living in your area. Find out the actual long term care costs in your region, and use that knowledge to determine your benefit. (Your insurance agent should be able to provide this information.) And don't forget to consider inflation! Will the benefit you choose today be viable ten years from now? Because healthcare costs are rising faster than the cost of living, you may wish to purchase an optional inflation rider, which automatically increases your daily benefit at regular intervals.
Benefit Duration: Most LTCI carriers offer a choice of two, three, four or five year benefit durations, as well as an unlimited duration. The longer the benefit duration, the higher the premiums. Consider your age, health, and budget when choosing a benefit duration.
Insurance Carrier: Don't be tempted to save a few dollars by purchasing coverage from an unknown quantity. When evaluating insurance carriers, ask for their industry ratings. Rating services such as Standard and Poors and A.M. Best evaluate insurance carriers based on their financial condition and claims paying ability. A strong, solid company will be eager to provide you with its current ratings. A number of solid, reputable insurance carriers-such as Met Life, Genworth, Prudential, John Hancock, and others-offer LTCI. Trust your instincts.
How Much Will LTCI Cost?
Premiums vary according to your age, health, and plan design.
How Do I Get LTCI?
LTCI is available on both an individual and group basis. If you are working, ask your employer if your company offers a plan. If not, ask if your spouse, children or even your children's spouses can obtain LTCI at work. Group LTCI coverage is often available to extended family members.
Otherwise, find an independent agent who specializes in LTCI. An independent agent represents multiple top-rated companies, so he or she can find the most competitive plans. In addition, a knowledgeable agent will be able to answer your questions and help design the right plan for you.
Protect your nest egg-and your healthcare options. For seniors with an eye on the future, Long Term Care Insurance makes more sense than ever.
Elder-care facility approved for Rankin Nunavut News
'Worse For Care': Low Pay, Tough Work And Turnover Bedevil Vermont's Eldercare Workforce - Vermont Public Radio
'Worse For Care': Low Pay, Tough Work And Turnover Bedevil Vermont's Eldercare Workforce Vermont Public Radio
Hereâ€™s how to find the right elder care in Houston Houston Chronicle
Nunavut MLAs muddle their way through the elder-care issue Nunatsiaq News
Protecting Seniors: Elder Care and Aggressive Male Patients WNEP Scranton/Wilkes-Barre
Startup Gerry Sees Opportunity in Large and Challenging Elder-Care Market Wall Street Journal
Protect our elders in assisted living Tampa Bay Times
Elder Care: Managing grief during the holidays Carlisle Sentinel
Global Elderly Care Services Market Industry Data Analysis 2019-2025 : Benesse Style Care Co., Ltd, Econ Healthcare Group, Epoch Elder Care - Breakaway Trends
Global Elderly Care Services Market Industry Data Analysis 2019-2025 : Benesse Style Care Co., Ltd, Econ Healthcare Group, Epoch Elder Care Breakaway Trends
Elderly Care Services Market Expected to Deliver Dynamic Progression until 2028| Benesse Style Care Co. Ltd - Breaking News Updates
Elderly Care Services Market Expected to Deliver Dynamic Progression until 2028| Benesse Style Care Co. Ltd Breaking News Updates
Sonoma man missing from elder care facility located Sonoma Index-Tribune
Street Beat: Elder Care CBS Pittsburgh
Global Aged Care Services Market Quality Management 2019 â€“ Benesse Style Care, Econ Healthcare Group, Epoch Elder Care, St Lukes ElderCare, Samvedna Senior Care - Health Opinion
Global Aged Care Services Market Quality Management 2019 â€“ Benesse Style Care, Econ Healthcare Group, Epoch Elder Care, St Lukes ElderCare, Samvedna Senior Care Health Opinion
'Worse For Care': When Elder Homes Stumble, Frail Vermonters Get Hurt Vermont Public Radio
From esports to elder care, Onondaga County Exec Ryan McMahon vows to â€˜step on the gasâ€™ in 2020 - syracuse.com
From esports to elder care, Onondaga County Exec Ryan McMahon vows to â€˜step on the gasâ€™ in 2020 syracuse.com
Haley named to Elite List Henry County Enterprise
Maisons Vivalto, provider of assisted-living and long-term care services for seniors, acquires a portfolio of more than 500 beds in Montreal - GlobeNewswire
Maisons Vivalto, provider of assisted-living and long-term care services for seniors, acquires a portfolio of more than 500 beds in Montreal GlobeNewswire
Elder Care: Medicare coverage and leave of absences The Sentinel
The Sandwich Generation Feels the Squeeze Successful Farming
Eldercare-Assistive Robots Market 2019 Size, Segments, Share and Growth Factor Analysis 2024 - VaporBlash
Eldercare-Assistive Robots Market 2019 Size, Segments, Share and Growth Factor Analysis 2024 VaporBlash
Hogeweyk: The Dementia Village Changing Elder Care | â€” EWC Ever Widening Circles
Elder Care Services Market Future Outlook To 2026 : Adt Corporation, Adult Day Care Group, Amedisys Incorporated, Atria Senior Living Group Incorporated, Bayada Home Healthcare, Brookdale Senior Living Incorporated - Market Expert
Elder Care Services Market Future Outlook To 2026 : Adt Corporation, Adult Day Care Group, Amedisys Incorporated, Atria Senior Living Group Incorporated, Bayada Home Healthcare, Brookdale Senior Living Incorporated Market Expert
Know Uncover Key Factors of Elderly Care Services Market | Major Players Benesse Style Care Co., Ltd, Econ Healthcare Group, Epoch Elder Care, St Luke's ElderCare Ltd, Latin America Home Health Care, Samvedna Senior Care - Market Expert
Know Uncover Key Factors of Elderly Care Services Market | Major Players Benesse Style Care Co., Ltd, Econ Healthcare Group, Epoch Elder Care, St Luke's ElderCare Ltd, Latin America Home Health Care, Samvedna Senior Care Market Expert
A New American Finds Purpose, And 'Family,' In Caregiving Vermont Public Radio
Elder Care: Avoiding a nursing home Carlisle Sentinel
This unique program is helping people who care for their loved ones with dementia and more - Democrat & Chronicle
This unique program is helping people who care for their loved ones with dementia and more Democrat & Chronicle
Elder Care: Resistance to assistance Carlisle Sentinel
Eldercare can be a double whammy for working women The Irish Times
Attorney lauded for elder law commitment - Buffalo Business First Buffalo Business First
Elder Care Services Market Top companies- GGNSC Holdings Genesis HealthCare Corp Benesse Style Care Co. Ltd ApnaCare Lat - Zion Market Research News
Elder Care Services Market Top companies- GGNSC Holdings Genesis HealthCare Corp Benesse Style Care Co. Ltd ApnaCare Lat Zion Market Research News
1348 - Center for Disability and Elder Law launches 'Proud to Thrive' - Gay Lesbian Bi Trans News Archive - Windy City Times
1348 - Center for Disability and Elder Law launches 'Proud to Thrive' - Gay Lesbian Bi Trans News Archive Windy City Times
What Will Happen When We Sell My Mother's Home While She Is on Medicaid? ElderLawAnswers.com
CommonWealth Magazine CommonWealth magazine
Bowse trust grants to boost child care, elder care Rutland Herald
"Elder care" leave petition gains traction CapeTown ETC
Caregivers of elderly need TLC, too The Dallas Morning News
ElderCare Giving Tree tags now available Pratt Tribune
'Worse For Care': A Residence For Seniors Vexed Regulators For Years Vermont Public Radio
Find new site for facility in New Canaan New Canaan Advertiser
Local Holiday Giving: IMA Primary Care and Urgent Care Centers Host Food, Toy, and Clothing Collection to Benefit Local Families - TAPinto.net
Local Holiday Giving: IMA Primary Care and Urgent Care Centers Host Food, Toy, and Clothing Collection to Benefit Local Families TAPinto.net
WesternMass ElderCare grant to help Spanish-speaking caregivers for those with dementia - MassLive.com
WesternMass ElderCare grant to help Spanish-speaking caregivers for those with dementia MassLive.com
The BroadsheetDAILY ~ News of Lower Manhattan ~ 12/6/19 ebroadsheet.com
'Life interrupted': More millennials are becoming caregivers in their 20s and 30s - The Daily Briefing
'Life interrupted': More millennials are becoming caregivers in their 20s and 30s The Daily Briefing
'Worse For Care': About This Series Vermont Public Radio
Residents in Somerset County learned more about benefits through an eldercare workshop in Jerome - WTAJ - www.wearecentralpa.com
Residents in Somerset County learned more about benefits through an eldercare workshop in Jerome WTAJ - www.wearecentralpa.com
Nunavik government welcomes much-needed investment to improve Elder care, community housing - APTN News
Nunavik government welcomes much-needed investment to improve Elder care, community housing APTN News
Quality of life increasingly important in eldercare Rochester Business Journal
With a looming aging crisis, who is helping the caregivers? The Globe and Mail
Longtime owner Geoffrey Stewart sells Plymouth nursing home Newfield House Wicked Local Plymouth
How eldercare takes a toll on womenâ€™s careers and health â€“ and how employers can help ease the stress - The Globe and Mail
How eldercare takes a toll on womenâ€™s careers and health â€“ and how employers can help ease the stress The Globe and Mail
A little training boosts the spiritual side of elder care Futurity: Research News
Piece of property identified for possible elder care facility in Lake Cowichan - Cowichan Valley Citizen
Piece of property identified for possible elder care facility in Lake Cowichan Cowichan Valley Citizen
Twomey Latham To Acquire Birtwhistle & Gibson Hamptons Independents
Best Smartwatches & Smart Devices For Old People SmartWatches4U
Number Of The Day Albany Times Union
It's time we pay attention to elder care CanIndia News
When You're Responsible for Eldercare Harvard Business Review
Examples of Elder Care Business Ideas Entrepreneur
Opinion: Caring for the elderly means looking after their caregivers Edmonton Journal
Elder Care Collaborative puts focus on seniors The Rocky Mountain Goat
Workplaces launch help for employees struggling with caring for elder relatives - The Globe and Mail
The Strange Political Silence On Elder Care Washington Monthly
Carolyn Hax: Your brothers will let you do all the elder care if you donâ€™t speak up - The Washington Post
Carolyn Hax: Your brothers will let you do all the elder care if you donâ€™t speak up The Washington Post
Elderly Care Market: 2018 Global Type, Application, Trends, Demand Service, Share, Industry Size, Growth, Region, Opportunities and Forecast to 2025 - GlobeNewswire
Elderly Care Market: 2018 Global Type, Application, Trends, Demand Service, Share, Industry Size, Growth, Region, Opportunities and Forecast to 2025 GlobeNewswire
The No. 1 thing employers can do for workers who are balancing eldercare with careers - The Globe and Mail
The No. 1 thing employers can do for workers who are balancing eldercare with careers The Globe and Mail
Personalizing Elder Care with Intuition Robotics and 'ElliQ' Samsung Newsroom US
Carolyn Hax: His thoughtlessness about elder care is alarming. But thereâ€™s more. - The Washington Post
Carolyn Hax: His thoughtlessness about elder care is alarming. But thereâ€™s more. The Washington Post
In France, Elder Care Comes with the Mail The New Yorker
Skilled Nursing Homes - What Are They?
A skilled nursing home is a medical facility providing services similar to a hospital. The homes are staffed with licensed nurses, shared rooms, hospital beds, regular scheduled doctor rounds, meals and housekeeping.
Arizona Senior Housing: Care Options for Seniors Who Can No Longer Live Alone
The following are a few of the care options available for seniors who can no longer live on their own and require assistance with their Activities of Daily Living (ADL), or require skilled nursing care. Every state is a little different in terms of availability and cost, state regulations, and the specific names used for each care option:Assisted Living Home- A facility consisting of 10 or fewer residents in a private home setting located in residential neighborhoods.
Solitary Confinement -- for Life
Sixty-five year old Arthur Jones served a self-imposed life sentence - in his own home.Arthur lived in a high crime neighborhood, so he built iron cages around his outside doors and installed bars on all the windows.
Baby Boomers: Will They Be Able to Afford Their Parents?
Do you worry about whether your aging parents have their "affairs in order?" You should. After all, you're the one who will have to pay unnecessary taxes and endure time-consuming court procedures if your parents don't have an effective estate plan.
Marketing, Selling, and Serving the Older Adult, Senior Citizens, Family Caregivers
Are your clients pleased by the fine quality service that you provide? Validating your clients' endorsement of you through Certification as a Senior Approved Service will increase your client base. Senior Approved Certification leads a family towards a service like yours side stepping the possibility of connecting with a less than desirable service.
Hinged Rail Stair Lifts
If a door at the top or the bottom of the stairs may be blocked by the rail of the stairlift, there are a number of models designed to overcome this problem. Some manufacturers are able to produce a rail with reduced overhang upstairs, so the lift will not protrude as far into the hallway.
Senior Living: 5 Ways to Help Reduce the Risk of Falling
Every year we hear stories of seniors falling, ending up in hospitals and never fully recovering. Unfortunately, these falls often result in death.
Who Wants to End Up in a Nursing Home? NO ONE!
As a long-term care consultant for seniors and their families I have visited many different types of facilities. But my favorite type of facility to visit is adult family homes.
Advocate For Senior Citizens - Protecting Against Abuse and Fraud
Ruth is 87 years old this year and has been living alone since 1997. She is in good health, however the daily chores around the home became increasingly difficult.
Stair Lift Buying Guide
There is no doubt that having a stair lift in your home can dramatically improve your quality of life. If you are starting to find that climbing the stairs is becoming a hazardous experience, or just hard work, then a stair lift could be the answer.
Arizona Assisted Living Homes -- The Alternative to High Priced Senior Care
The cost of skilled nursing care is slowly rising. Currently, the average cost of care in Arizona ranges from $3,500 to $4,500 per month.
Second Hand Stair Lifts
Buying second hand stair lifts is a viable and cost effective alternative to purchasing a brand new stair lift. Most stair lifts can be purchased new or second hand.
Compare Nursing Homes
Finding the best nursing home is easier than you might think. That is assuming there is more than one nursing home in your area so that you have something to compare.
Short Trips Can Stimulate Alzheimers Patients
Severe degradation of short-term memory means that my father, an Alzheimer's elder, is seldom interested in movies or books. And, although music used to be a source of enjoyment, he no longer listens with pleasure.
Helping Caregivers Get Comfortable Asking For Help
Becoming a care giver might not have been a conscious decision on your part. It may have arrived quietly and unnoticed because you are the adult child of your elderly parents who now require care or you may have a special needs child that exacts your constant attention or a friend or spouse has become very ill and needs your support.
How To Find Affordable Senior Housing
A few years ago Miranda M. became a widow.
Arizona Assisted Living: Resident Rights
According to the Arizona Administrative Code (R9-10-710), those who reside in assisted living facilities in Arizona have certain rights. In addition to having the right to live in an environment that promotes dignity, independence, self-determination, individuality, privacy and the right of choice, the following are a few of the rights given to residents who reside in assisted living facilities:1.
10 Tips to Keep a Family Caregiver from Losing Their Mind
Caring full time for a loved one can be a challenging task, and it takes a special person to get the job done right. Patience and compassion are the two top qualities a caregiver must possess in order to be successful.
Just Give Them a Lot of Love and You'll be Fine
It was right about this time, 19 years ago. My wife and I were sitting in the very last Lamaze birthing class, soon to be brand new parents.
Why Everyone Over 50 Should be Training for the Senior Games
by Phil Campbell, M.S.
|home | site map|
|© 2009 Asteroidsearch .om|