The Long Term Care (LTC) Blog
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…
Read MoreBeing 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…
Read MoreA 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…
Read MoreREBLOG: 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…
Read MoreSeven Things To Know About LTC Insurance
1. You may not need as much of it as you think There is usually no need to purchase enough of it to cover the cost of care in the locale where you may use it. Bear in mind that most income such as Social Security continues until death, as do, pensions, interest income, etc.…
Read MoreHome Care Workers Rally For higher Wages
This was a headline in the USA Today newspaper this past week. Home care workers are among the fastest growing sectors of the labor force. Last year the NY Times printed that by 2020 there will be more people in the USA working as caregivers than work in retail. Many minimum wage workers are pushing…
Read MoreI Need More Home Care – But I Cannot Afford It!
I hear regularly from home care agencies that people are skimping by with less visits or shorter visits than they really need to care for their loved one or themselves. Not everyone can afford all the care they need because money does not grow on trees and they don’t have enough trees. Savings may be meager, or…
Read MoreWhy Do Medicare Reductions ($400 Billion) Matter?
Our president wants nursing homes to deliver care much more efficiently and for significantly less over the next ten years. The proposal indicates that Medicare can save $400 Billion over the next 10 years in reimbursements for nursing home recovery care following a hospital stay. There are also proposals afoot to raise the minimum wage…
Read MoreConsidering LTC Insurance? You Might Find Something Entirely Different Is Substituted
So, you’ve decided to investigate LTC insurance. Now, which type do you look at or might be suggested by the agent? You can keep things simple by concentrating on just a few important points: 1. How much money will it give me WHEN I NEED CARE? 2. How long will I be able to collect that money?…
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