Understand financials in senior care
Costs are covered out-of-pocket.
Long term care insurance
An insurance policy designed to offer financial support to pay for long-term care services.
A community which allows switching from private pay to Medicaid after an agreed-upon period, usually three years
Federal health care insurance provided to those 65 and older and does not require resource or income analysis.
Federal program, administered through the states, providing long term care for those with limited financial means.
Senior Financial Exploitation "the crime of the 21st century".
Taking about money with your aging parent or parents can difficult, but it's important. More and more seniors are victims of Elder Financial Exploitation, but if you know what to watch for you might be able to keep your parents becoming a victim. In ...
Tax breaks that reduce in-home senior care costs
There are a number of tax breaks that are offered to help a senior reduce their associated costs. These include tax breaks for adult children who are considered employers. (Source: https://www.care.com/homepay/senior-care/tax-breaks)
COVID-19 Vaccine: Senior Living
In the United States, vaccines for COVID-19 are beginning to be distributed. While the timeline is not set in stone, the CDC has released a guide on “Who Gets Vaccinated First.” Vaccine distribution: Phase (1a) In the first phase, healthcare and ...
Signs your aging parent needs help
Growing up we see our parents as a superman/woman and consider them invincible. We get to a certain point in life where we realize that they are aging. After that point we come to a time where we realize they may need some extra help. US News ...
Making Home Safe for Mom and Dad
Taking precautions to make home safe for Mom and Dad is one way to show your parents you love them. Paying attention to detail will ensure the longevity of your loved ones. Here are some considerations to make to ensure the safety of your parents ...