When you're planning for the latter stages of your life you are going to have to make long-term projections based on the costs that you anticipate, and this is clearly an imperfect science. However, the best way to approach it is to take care of the things that are within your control and do your research so that you're working with as much relevant information as possible. When you do this with regard to long-term care you'll find that the costs are surprisingly high and rising, and most … [Read more...] about Long Term Care: Know Your Options
Pet Planning
Long-Term Care Costs: Are You Getting Prepared?
When you are making plans for your twilight years 10, 20 or 30 years in advance you are certainly doing the right thing by exhibiting foresight. However, when you're looking this far into the future it can be challenging to make accurate projections with regard to your potential expenses. One of these possible expenses is the costs associated with long-term care, and they are a source of serious concern within the elder law community. How likely is it that you will one day incur long-term … [Read more...] about Long-Term Care Costs: Are You Getting Prepared?
Can Long Term Care Insurance Help You?
Long term care (“LTC”) is inevitable for many Americans. With this type of care comes a hefty price tag. As you plan for your retirement you should also consider how you will pay for extended care. One option is LTC insurance, which is private insurance used primarily to fund all or part of nursing home or at home care. Pay for the Care of Your Choice Long term care insurance provides you with more possibilities for your care needs. Basically Medicare covers hospital costs. Generally, … [Read more...] about Can Long Term Care Insurance Help You?
Budgeting Your Long-Term Care
For some, the cost of long-term care insurance is just too expensive; especially with so many living paycheck to paycheck or putting off this commitment until it’s too late to be affordable. Yet, while there might not be much you can do to bring down the price, there are some steps you can take to work this important coverage into your budget. The first thing you should do is consult with a financial adviser. He or she may be able to help you rearrange your investments, resulting in a higher … [Read more...] about Budgeting Your Long-Term Care
Keeping Your Loved Ones Safe In A Nursing Home
Although there are now laws that regulate long-term care facilities, abuse and neglect is still a major problem. A 2008 federal survey found that 90% of the nursing homes in the United States have been cited for safety and health violations. Now, that’s a scary statistic. In addition, a large number of the complaints against nursing homes involve abuse and neglect of the residents, including infected bedsores, malnutrition, and even giving patients the wrong medications. Unfortunately, … [Read more...] about Keeping Your Loved Ones Safe In A Nursing Home
