Category Archives: Long-Term Care
Wealth Planning and Long-Term Care Planning for Aging Parents
If you have the responsibility of taking care of your aging loved ones, this is an extremely common situation that is facing more people in the sandwich generation. The sandwich generation often has children of their own, while they are also helping with the health care management or the costs associated with the loved… Read More »
What You Should Know About the Rise in Costs of Long Term Care
Over the course of 2015 and 2016, long term care is on the rise. Long term care refers to any situation in which an individual has suffered an incapacitating event or significant healthcare event prompting a stay in a nursing home or another type of medical assistance. According to surveys from Genworth Financial, in… Read More »
For Caregivers, Ensuring Legal Matters Essential
Doctor laying hand on senior man’s shoulder Caregivers of people with serious illnesses, particularly cognitive issues of the elderly, have a lot on their plate, but they also have an obligation to make future legal preparations for their loved ones. “As a caregiver, you should begin making legal preparations soon after your loved one… Read More »
Having A ‘Care Conversation’ May Be Easier Than Many Assume
Many adult children avoid have “The Conversation” with their elderly parents regarding their long-term care because they don’t want to hurt their feelings. Parents (Photo credit: mohammadali)It’s just too sensitive a subject, or so the reasoning goes. “These perceptions may not be reality,” according to a recent posting on the website CareConversations.com. “Loved ones… Read More »
Three-Step Process Can Help In Quick Long-Term Care Cases
An old saying goes, “Act in haste, repent at leisure.” (Photo credit: cseeman) Haste, though, can be obligatory when it comes to making decisions about long-term care for an elderly relative. “Sometimes unexpected circumstances, distance or a lack of resources can escalate a situation to one of immediate need or crisis proportions,” according to… Read More »
Long-Term Care Rate Hikes Troubling
As members of the Baby Boom generation move into retirement and beyond, long-term care insurance policies to help cover the costs of assisted living or nursing homes are becoming more and more of a necessity, rather than a luxury. Unfortunately, the cost of these policies is rapidly become prohibitive for a large segment of… Read More »
Long-Term Care Cancellations Require Better Notification
It should never happen again. And whether it’s by passage of a new law or a rule change at the Virginia Bureau of Insurance, maybe it never will. A recent story in the Richmond Times-Dispatch brought to light the plight of people left without long-term care for the elderly. The story focused on the… Read More »
Reducing the Pain When Longtime Partners Must be Separated
Many people assume that for elderly couples the death of a spouse is an inevitable and heart-wrenching experience, and they would be correct. (Photo credit: i.tokaris) However, separation from one another because one of the partners requires a greater level care than the other is almost as keenly painful. “Sadly, this scenario is more… Read More »
Long-term care insurance faces troublesome future
While many people approaching or in their Golden Years want to take the wise precaution of acquiring long-term care insurance, increasingly they may discover they cannot afford to do so. “With nearly 70 percent of Americans aged 65 or older expected to need long-term medical care at some point, millions of Americans have turned… Read More »
What to Consider When Choosing a Long-Term Care Living Situation for your Loved One
Choosing a long-term care living arrangement is one of the most difficult challenges faced by aging adults and their loved ones. Most families try to avoid the nursing home option to the very end, believing that assisted living or small residential care homes provide a better quality of life. But this may not necessarily… Read More »