The Next White House Council On Aging Is July 13, 2015
Organizers want the public to “get involved” by watching the event live, sharing personal stories, interviewing an older adult, or completing the sentence: “Getting older is getting better because…..”. Will any of that promote changes or do much good? Talking about a problem sometimes produces good ideas on how to deal with it. Some ideas […]
Long Term Care Insurance Is A Horrible Investment
It’s probably the worst investment you can make. You hope you never collect a dime on it, and it’s expensive. In fact, it’s not actually an investment at all. Long Term Care insurance (LTCi) is pure insurance, like term life insurance. It won’t make you any money unless you use it. With term life insurance […]
Where The Jobs Are
A new study by researchers at the University of California at San Francisco states the US will need an additional 2.5 million long term care workers within 15 years. By 2030 about 20% of Americans will be 65 or older and 19 million older adults will require Long Term Care (LTC). Another article in the Journal […]
Long Term Care Inflation
Inflation is low, inflation has been low for some time. Those of you living on the interest from your CD’s will attest to this. However, in one area of the economy, things are picking up rapidly. Assisted living facilities, the nice looking places that will help you with bathing, dressing, medications and more, are going […]
HELP! My LTC Insurance Premium Went Up
That sinking feeling when you open the envelope from your LTC insurance provider is justified, they are raising your premium. Drat! Can they really do that whenever they want, and is there anything I can do about it? No, and yes. No they cannot raise your premium any time they want more profit, they must […]
Alzheimer’s More Deadly Than Cancer?
Former Senate Majority Leader Bill Frist shares our eagerness to attract the presidential contenders’ attention to long-term care in this Forbes article titled “A Charge To Presidential Hopefuls: A Plan For Alzheimer’s“. Quote: “One in five Americans are obese. One in four has a risk of dying from cancer in their lifetime. But one in three that live beyond 65 […]
Adult Day Care is Great Respite For Caregivers, But They Are Closing Up
Adult day care is a wonderful break for family caregivers. Family can take their loved one to a day care program where care is provided 5 days a week typically, and get a “day off” from caregiving duties. Caregiving wears people out physically, emotionally, spiritually. Your batteries get drained and then you cannot provide proper […]
Being Stuck In Sandwich Generation Is No Baloney
Reblogged from CNBC One-time real estate agent Evelyn Rehg was showing a house to a prospective buyer four years ago when an alarming phone call came from the retirement facility where her mother lived. “They told me I either had to get my mother immediately into a mental hospital or she would be evicted,” said […]
A Retirement Riddle Answered, Or Not?
Last week a well known mutual fund company attempted to answer the question of why so many retirees die with significant savings left. Is it because they wish to leave large amounts for family? Perhaps they are afraid to spend the last dime just before death? This trend suggests many retirees don’t enjoy their final […]
REBLOG: The Truth About Nursing Home Medicaid Eligibility
Matthew M. Wallace 9:07 p.m. EDT March 21, 2015 Regularly I get questions about protecting assets and qualifying for Medicaid to pay for nursing home care. There are many misconceptions about nursing home Medicaid eligibility. We have discussed some of these issues before. However, since I continue to get these questions, I thought I should […]
