None of us wants to think about the possibility of becoming ill or incapacitated, but it can happen unexpectedly. Illnesses, injuries, and tragedies can strike anyone at any time, reminding us of our mortality. Although these events are often unavoidable, we can take steps to plan and minimize their impact. One way to plan is to create estate planning documents that designate someone to decide on your behalf if you cannot. A general durable power of attorney allows your designated … [Read more...] about Planning for the Unthinkable
Medicaid Planning: There’s a Right Way and a Wrong Way
As the elderly population grows and healthcare costs rise, seniors and their caregivers face the challenge of financing long-term care without losing their life savings. Although Medicare covers physician and hospital visits for those over 65, it does not cover long-term care.Medicaid is a government program that provides healthcare coverage for individuals who lack sufficient assets or income to pay for their care. Qualification requirements may differ between states, with some states … [Read more...] about Medicaid Planning: There’s a Right Way and a Wrong Way
Medicaid Changes Make Pre-Planning Essential
Chronic illnesses and injuries leave countless Americans disabled and in need of long-term custodial care, which could easily cost over $50,000 per year. Traditional health insurance plans do not cover custodial care because it is not “medical” treatment. Similarly, the Medicare program does not cover custodial care because it is not medical treatment. So, what options remain? You can pay the cost yourself, quickly exhausting what you’ve taken a lifetime to … [Read more...] about Medicaid Changes Make Pre-Planning Essential
A Nursing Home Attorney Can Help
Although you may not want to think about it, there could come a point when you must decide if it makes sense to move a loved one into a nursing home. While this is one of the most difficult decisions you will ever make, there are steps you can take and questions you can answer to clear the air and make things easier for all parties involved. The primary challenge of moving a loved one into a nursing home is often the first step. This is when you make the final decision and begin your … [Read more...] about A Nursing Home Attorney Can Help
An Attorney can Assist with Medicaid Planning
It goes without saying that people are living longer than ever before. While this is good news for everyone, there is something to remember: you could still run into difficult times at some point in the future. Here’s some more good news: there are a variety of government programs you can turn to for assistance. For example, Medicaid comes into play for millions of Americans. Medicaid.gov defines this as follows: “Medicaid is a joint federal and state program that, together with the … [Read more...] about An Attorney can Assist with Medicaid Planning
Long-Term Care Insurance: Tips for Buying a Policy
Long-term care insurance isn’t something you want to think about, but it’s a purchase that should at least be on your radar. As you learn more about this type of coverage, you can make a final decision as to whether it’s a good choice for you and your budget. Long-term care insurance is exactly what it sounds like. It’s a policy that kicks in to cover expenses associated with most types of long-term care, such as a stay in a nursing home or assisted living facility. Should you come to … [Read more...] about Long-Term Care Insurance: Tips for Buying a Policy
Things You Need to Know About Long-Term Care
What does the phrase “long-term care” mean to you? Do you understand how it could impact you or a loved one in the future? Do you have a plan in place for protecting yourself to the best of your ability? There are many details associated with long-term care, but when it comes to planning these three deserve your immediate attention. It Comes in Many Forms There’s more than one type of long-term care. For example, nursing homes, assisted living facilities, and in-home care are among the … [Read more...] about Things You Need to Know About Long-Term Care
How to Help a Loved One With Alzheimer’s
Alzheimer’s is a debilitating disease with a variety of severe symptoms. With this in mind, should you be in charge of caring for a loved one with Alzheimer’s, it’s important that you take a variety of steps to protect them (and yourself). Here are some of the many things you can do to help a loved one with Alzheimer’s: Get them the best possible medical care: There’s no cure for Alzheimer’s, but there are steps your loved one can take to slow down the progression of the disease. Be sure … [Read more...] about How to Help a Loved One With Alzheimer’s
Long-Term Care Planning: Have You Answered These Questions?
Long-term care planning isn’t something you look forward to. In fact, it may be something you have continually put off. It’s hard to think about a future in which you may require assistance with daily activities. But if you don’t do this now, it could cause you more stress down the road. Here are three of the most important long-term care planning questions you can answer: 1. How will you pay for long-term care? This is the first question to answer, as it’ll dictate many decisions regarding … [Read more...] about Long-Term Care Planning: Have You Answered These Questions?
Should You Buy Long-Term Care Insurance?
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?