The question of whether or not you should buy long-term care insurance is a complicated one — and there are many reasons for that. On the surface, long-term care insurance is simple to understand. It’s a policy that kicks in to cover expenses associated with many types of long-term care, such as the type you receive at a nursing home or in your own home. However, there’s more to long-term care insurance than meets the eye. Your goal is to determine if it’s something you should add to your … [Read more...] about Should You Buy Long-Term Care Insurance?
Compliments of the McGee Law Firm, Attorney Brandon McGee As you drive your mom to her regular doctor appointment, you think of everything you need to do: Drop off Bobby at soccer, pick up Sally from softball, pick up groceries, make dinner, etc. It seems the list is endless. You wonder how your mom had time to do it all and still have time to be so loving. After flipping through old magazines in the doctor’s office, you go in with your mom for her appointment. Your mom had some … [Read more...] about When Time Is Short
Compliments of the McGee Law Firm, Attorney Brandon McGee As we get older, it often seems that time accelerates. It seems the children were in diapers just yesterday. But, now they’ve left home and they have kids of their own. Where does the time go? Aging is a normal part of life. The infant becomes a toddler. Later the teenager becomes an adult (thankfully). Unfortunately, as we age later in life, we are no longer as able-bodied as when we were teenagers. Gradually, we all get … [Read more...] about Preserving Your Independence
Compliments of the McGee Law Firm, Attorney Brandon McGee We all expect it to happen eventually—our parents getting older. Not just older chronologically, but physically and mentally older as well. It’s a difficult and sometimes painful process to realize that our parents are in fact aging. With each passing year, your parents, too, may be showing more obvious signs of time gone by. Even the spryest of spry eventually start to slow down and need more help than they did … [Read more...] about When Father Time Catches Up With Our Parents
Some people get around to Medicaid planning, while others continue to put it off and hope for the best. While you may never qualify for Medicaid, you won’t know where you stand until you take a closer look at your situation and how it could change in the future. Let’s start with a basic definition of Medicaid: Medicaid is a joint federal and state program that, together with the Children’s Health Insurance Program (CHIP), provides health coverage to over 72.5 million Americans, including … [Read more...] about What is Medicaid Planning?
For many people, caring for a loved one with Alzheimer’s disease is a way of life. Just the same, if you’ve been diagnosed with this ailment, it’s likely to add stress and uncertainty to your life. There are both legal and financial concerns related to Alzheimer’s disease. This holds true no matter if you’re the person who has received a diagnosis or if you’re caring for a loved one as they fight the disease. Here’s the one thing you need to remember: once you receive an Alzheimer’s disease … [Read more...] about Alzheimer’s Disease: The Legal and Financial Concerns
It doesn’t matter if you’re seeking out a nursing home for yourself or a loved one, nothing changes the fact that you want to make the perfect decision the first time. If that doesn’t happen, you’ll have to make a change in the future, which can cost time and money. While there is no “best way” to choose a nursing home, there are tips you can follow to help yourself make the right decision. Here are three things you should do: Research, research, and research some more: The more research … [Read more...] about What’s the Best Way to Choose a Nursing Home?
It’s your hope that you never have to pay for long-term care, but neglecting to plan for this is one of the biggest financial mistakes you can make. Should you put it on the backburner, there may come a day when it sneaks up on you. And if that happens, you may find yourself scrambling for the best way to pay for care. Everyone is dealing with their own financial circumstances, so there’s no one size fits all approach to paying for long-term care. However, there are several options to … [Read more...] about What’s the Best Way to Pay for Long-Term Care?
You never want to learn that a loved one, such as an elderly parent, needs to move into a nursing home. However, if the time comes, you shouldn’t hesitate to step in and provide assistance where you can. Helping a loved one choose a nursing home is easier said than done, especially if they’re not keen on the idea. Fortunately, with the right approach, you can help them make a sound decision. Here are some of the things you should do: Create a list: Rather than randomly choose a … [Read more...] about How to Help a Loved One Choose a Nursing Home
It doesn’t matter if you’re young, old, or somewhere in between, there may come a point when you consider purchasing long-term care insurance. With so many benefits, it may be something you want to add to your financial plan. Just the same as any type of insurance coverage, there are many questions associated with the purchase of a long-term care policy. Neglecting to answer these could result in the wrong decision, thus costing you both time and money. Here are some of the most important … [Read more...] about Questions to Answer When Shopping for Long-Term Care Insurance