Dec
17
Finding caregiver support groups for families providing long term care
Filed Under 3. Evaluate, Getting Started | Leave a Comment
Are caregiver support groups worthwhile? I read a blog post from The New Old Age that asked this question. Jane Gross did not have any quick answers, but left it up to the reader to comment on the idea. If you visit the site and view the comments you’ll find that there is certainly no [...]
Dec
11
When was the last time your financial advisor brought up long term care
Filed Under Getting Started | Leave a Comment
When was the last time your financial advisor brought up the issue of long term care? Chances are that he/she probably hasn’t. Let me tell you why.
In this economic environment most advisers are working overtime talking to their clients about mitigating the large losses in their portfolios. They work tirelessly to make sure that their clients’ [...]
May
16
Creating the Infrastructure for Effective Decision Making
Filed Under Getting Started | Leave a Comment
PBS recently aired a profound documentary called “Caring for Your Parents”.
The show was powerful in the sense that it did not focus on the plan for care, or who was going to pay for the care, or any of the numerous questions that people are bound to ask when thrust into a caregiving situation.
The [...]
Mar
31
There are three ways to choose a person or organization to provide home care. They are:
Home Care Agency: a company that will provide home care aides, homemaker services and skilled nursing services. The caregiver is employed by the agency so the agency must comply with federal employment guidelines including withholding of taxes. [...]
Mar
27
The Medicaid “Look-back” period
Filed Under 2. Explore, Getting Started | Leave a Comment
The look-back period is the time frame in which the state Medicaid program checks to see if assets were transferred to another party, for less than fair value, in order to qualify for benefits. Effective February 8, 2006 the look-back period was changed to five years.
The penalty for violating the look-back rules is ineligibility for benefits [...]
Mar
17
A key definition in long term care planning is Activities of Daily living (ADL). They are physical functions that an independent person performs everyday, including: bathing, dressing, eating, toileting, walking or wheeling and transferring into and out of bed.
In order to gain the benefits of a long term care insurance policy a person must [...]
Mar
14
Long term care insurance is an contract that will pay for the custodial care of an individual when that person can no longer care for themselves.. The policy will pay out benefits for in home care, adult day care centers, nursing home care and room and board in an assisted living facility.
While most people [...]
























