Discussing Your Parent’s Financial Future

Financial experts agree that waiting to talk finance with your aging parent, who may already be in cognitive decline, is a mistake. It will take time to gather all the information you need for a complete financial assessment of their aging needs. Asking these questions while your parents are younger, even still working, is the …

Helping a Loved One in a Nursing Home

Since the advent of the coronavirus pandemic, advocating for your loved one in a nursing home has become more critical and complex than ever. Both residents and staff in nursing homes and other long-term care facilities are disproportionately affected by COVID-19 outbreaks. In fact, during the first year of the pandemic, the Kaiser Family Foundation …

Medicaid Gifts and Penalties

Medicaid is a federal/state program helping low-income seniors with limited income and assets afford healthcare and long-term care. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true in some cases, proactive Medicaid planning can protect a substantial portion of your assets if done …

Nursing Homes and Rehab Facilities: Eyes-On is Essential

A recent New York Times report reveals that government oversight of long-term care facilities is deeply troubled. Inspection of rehabilitation facilities is inadequate, and we, the public, had best not rely on reporting inspection results.  If your loved one needs more care than can be provided at home and trying to find a facility, be …

Paying for long-term care

According to findings, the US Department of Health and Human Services (HHS) cites that almost seventy percent of retirees in America will need some long-term care (LTC), with median annual costs for these services ranging from $53,768 to $105,850 in 2020, according to research from Genworth. HHS also reports that those who receive Medicaid-financed nursing …

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