Costs, insurance, long-term-care planning, and how to pay for senior living.
234 articles · Page 10 of 10
Finding The Right Attorney Picking the right attorney is critical Making sure that you have the right professional for the job at hand is the first and one of the most important tasks that you have in getting any job done right. When it comes to the legal profession, there’s no difference. Finding the right attorney…
March 21, 2023
Taking care of a family member is hard but also very rewarding. It’s also a minefield for the law. An attorney who specializes in elder law can help you and your family figure out how to take care of older people. In this blog post, we’ll talk about the different types of elder law attorneys…
March 3, 2023
More and more seniors are looking for ways to maintain their independence and enjoy their later years as the baby boomer generation ages. Luxury senior living is a lifestyle choice that is gaining popularity among people seeking a more secure and comfortable lifestyle. But what exactly is luxury senior living, and which California communities offer…
December 20, 2022
Introduction: Retiring in the right city can make a big difference in terms of quality of life and overall happiness. There are many factors to consider when choosing a city to retire in, such as cost of living, access to healthcare, and available recreational and cultural activities. Reasons Why Scottsdale, Arizona is The Best City…
December 17, 2022
Assisted living for seniors is a great option for many elderly individuals who are looking for a safe and comfortable environment to live in while still being able to receive the care they need. Assisted living facilities provide a variety of services including help with activities of daily living, social activities, meals, and transportation. Assisted…
December 13, 2022
Home care is a professional, experienced, and reliable service allowing senior citizens to live within the comfort of their homes. It helps older or aging adults and individuals who need assistance in daily life. The purpose is to prevent your senior family member from falls and accidents, reduce the risk of chronic health conditions, and…
November 21, 2022
Whether Army, Navy, Marine Corps, Coast Guard, or Airforce, veterans have fought battles and wars for Americans’ freedom. These fearless sons of American soil risked their lives for America’s autonomy, safety, and prosperity. The U.S government and the Department of Veteran Affairs have made substantial efforts to establish programs/packages to streamline veterans’ lives. Military veterans…
November 21, 2022
What is 24/7 in-home care? What is the average monthly cost of in-home care? How to pay for it? Check out this post to read the answers!
August 8, 2022
Assisted living offers various benefits to senior citizens, including personalized care, support with activities of daily living (ADL), fall/accident prevention, autonomy, comfort, social engagement, and peace of mind. According to the National Center for Assisted Living (NCAL), the U.S has over 28,000 assisted living communities that provide services to over 800,000 older adults with chronic…
July 5, 2022
Guide to Veterans’ Benefits Military veterans are eligible for a wide range of benefits. While many of these benefits apply exclusively to active military personnel, there are many benefits for veterans over the age of 65. If you’re a United States military veteran, you may be eligible for medical benefits, life insurance, and more. You’ll…
November 10, 2021
How to choose a life insurance policy when you’re over 55 It can be difficult to find a life insurance policy for yourself when you’re over 55. As you age, premiums on such policies increase and it can seem like the effort you’re putting in is not worth the headache. It doesn’t have to be…
August 10, 2021
Long-Term Care Insurance Explained Long-term care insurance is an increasingly common option available to people concerned about the cost of long-term care services in retirement. The cost of long-term care can be significant and is often not covered by healthcare plans. With the rising cost of health care, there is a growing demand for reliable…
July 28, 2021
Tips for Managing a Loved One’s Finances Even though tens of millions of adults take care of loved ones, not many identify as a caregiver. Caregivers usually tend to the needs of another person with limitations such as disability or illness. Besides looking out for the physical well-being of people with limited capabilities, caregivers also…
July 26, 2021
Paying for Assisted Living When your elderly loved one is still physically, mentally, and socially active, interested in pursuing some of their interests, and fairly independent but, at the same time, also requires assistance with some activities of daily living (ADLs), then they may be ready to join an assisted living community. Assisted living is…
July 20, 2021
Help for the Elderly Parents Senior citizens require more general care than younger individuals with their day to day lives, so it is important to provide them with services and programs that can give them the help they so desperately need. The majority of these services are given to them through assisted living communities, or…
July 1, 2021
Popular Senior Home Jobs Many seniors have the desire to continue working with age or having an easier and less demanding part-time position after they retire, but a lot cannot leave the house to go to work without the assistance of a family member or for a multitude of other reasons. The good news is…
March 1, 2021
Life is a dynamic journey and retirement is a well-deserved season within the adventure that many look forward to reaching. Retirement is often viewed through a lens of incredible opportunity with good reason. For many people, retirement is a phase where their focus can move away from work-life and instead, be put firmly on those hobbies,…
January 23, 2021
State – Coverage Type Single Married (for one spouse) Married (for both spouses) Alabama – Institutional / Nursing Home $2,382 $2,382 $2,382 / spouse Alabama – Waivers / HCBS $2,382 $2,382 $2,382 / spouse Alabama – Regular / Elderly / Blind / Disabled $814 $1,211 $1,211 total Alaska – Institutional / Nursing Home $2,382 $2,382…
January 9, 2021
Paying for senior care is where many families get stuck. The average assisted-living stay is two to three years; full-time memory care can run $7,000+ per month; nursing home care over $10,000. Few families have planned for this.
Our financial planning library is honest about what each funding source actually covers: long-term-care insurance (and how to read a policy that was bought twenty years ago), VA Aid & Attendance, Medicaid spend-down rules, reverse mortgages, life-insurance conversion, and the math of selling a primary residence to fund care. We don't recommend specific products. We explain the math so families can run the numbers themselves and ask better questions of the financial advisor or elder-law attorney they're already working with.
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