60% of Adults Worry About Paying For Long-Term Care
A recent study claims that 60% of adults worry about how they will pay for Long-Term Care (LTC), and 10% said it was their top concern. While two-thirds of consumers agree that most people need LTC insurance, only 16% own any. Most people have never investigated LTC insurance and simply “think” it is too expensive. Many […]
Sandwich Generation Example
The partner is writing today’s blog: Right from the heart of a long term care dilemma. Mom and I live 125 miles apart. I work full time, and have adult “step-children” at home, as well as a new “spouse”, AND am the care giver to 83 year old mom: A classic case of “sandwich” […]
Inflation and Long Term Care
I am continuously appalled to find insurance agents offering Long Term Care (LTC) insurance products that contain no 5% automatic, built in inflation on the amount the policy will pay when care is needed. LTC insurance is purchased while still healthy enough to obtain it, and may not be used for 30 or more years. If […]
How Your Home Can Help You Pay For Long-Term Care
Yes, it is possible for your home to help pay for your Long-Term Care (LTC) and possibly help keep you in your home longer. For many seniors, the home equity is their largest asset. Using that asset to help keep you at home versus in a LTC facility can make sense. There are a number […]
Discrimination
Yes, it is legal, despite what an article in the USA Today newspaper stated last week. Long-Term Care (LTC) facilities can and do discriminate on whom they allow in. The problem is that many people do not plan for LTC costs. The insurance that pays for LTC is not cheap, but is actually quite reasonable […]
Hiring Help For Mom
Reprinted from the Washington Post Carolyn Hax column On Abruptly Facing An Elderly Relative’s Need For Care I sometimes supplement my income by senior-sitting those in need of temporary help. Recently, a family offered me a position to live 24/7 in their mother’s home as her aide, caregiver, housekeeper, cook, laundress, hairdresser, chauffeur, med-tech, and […]
10 Things You Should Know Before Becoming A Parent’s Caregiver
Reprinted from Dakota Travel Nurse Home Care Blog If you’re trying to decide whether or not to move your aging parent in with you, you aren’t alone: One out of every four caregivers lives with the elderly or disabled relative he or she cares for.* An in-your-home arrangement can have many positives. If your parent […]
More Bad News in Long-Term Care
The numbers of seniors who need personal care help is increasing, says the CDC. The data released last Tuesday by the CDC’s National Center For Health Statistics shows that 7.2% of seniors require help with activities of daily living in 2015, compared to 6.6% in 1997. This includes eating, bathing, dressing and getting around as […]
More Care At Home Being Paid By LTC Insurance
Many people still think of Long-Term Care insurance as only for nursing homes. For many years, these products have been paying for in-home care, adult day care, and assisted living facilities as well, and we now have figures to back that up. The people who purchase LTC insurance must be healthy to do so, and […]
LTC Planning, No Matter The Situation
If Long Term Care (LTC) is needed, but not planned for, there are a number of options to make the money last longer or protect some of it. The best and least expensive way to handle this would have been to purchase LTC insurance while still healthy, preferably in your 40’s or 50’s. By the time […]
