Elder Care Information |
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Long Term In-home Care Options
Are you worried that you may lose all your life's earnings and nest egg due to the rising costs of in-home long term care? As you get older do you have the necessary finances to protect yourself from going broke while slightly incapacitated? Many seniors are worried about are worried about the costs of long-term health care. Are you worried that if something happens to you, that you may run out of money and burn thru their reserves and all your nest egg. Even be forced to sell your paid for home to survive? The costs for long-term in home care are rising, just like the current costs in health care. The average nursing home stay is 2.5 to 5 years of care with a cost of $135.00 per day. At that rate it will not take log to burn thru piles of cash. This is a concern of seniors and rightfully so. It is very important to have long-term care insurance in order to protect your assets and give you peace of mind. You need the assurance of quality care, choice and control over receipt of care. As we get older we do not wish to burden our offspring to come take care of us as they have their own family obligations; so we will want to avoid dependence and it might be nice to receive some tax advantages too. Paying for Long-Term Care requires some strategic planning; either thru family pact to take care of you or long term care insurance. Nothing is not guaranteed and do not expect the government to foot the bill. You see medicare is great but this program may pay for skilled nursing facility care for a very short period of time - but no longer than 100 days and only when you meet all the Medicare requirements for daily skilled care. If you live in California there is Medi-Cal, but this program, called Medicaid outside California, may pay for skilled, rehabilitation and custodial care that is not covered by Medicare, but only if you first "spend-down" assets to federal and state legal impoverishment level guidelines. Can you pay for your care thru personal or family assets without selling your home? Most people provide for long-term care expenses from personal or family income, assets and resources. Your more strategic choice for Long-Term Care may involve having an insurance program. Specially designed programs to pay for long-term health care expenses are viable option. HIPAA defines Federal tax treatment of insurance policies that provide long-term care coverage. Policies that meet certain criteria are designated as "qualified long-term care insurance" and will receive certain tax incentives: the cost of coverage may be deductible and long term care benefits received will not be reported as taxable income. Please consult your tax advisor for information about your personal situation. Play it safe and know your options regarding long-term health care and know protect your assets. Think on this. "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
MORE RESOURCES: Rockland Leaders Take Part in Entertaining Elder Care Residents Midcoast Villager Frailty Nova Scotia Health Authority Older adults and population aging statistics Statistique Canada Senior and Older Adult Resources City of Hamilton CUPE endorses report on B.C. long-term care, urges other provinces to take note Canadian Union of Public Employees Anglican elder care specialist and advocate named to Order of Canada Anglican Journal Abuse of older people World Health Organization Elder law attorney Kerry Peck on Rupert Murdoch’s family trust WGN Radio - Chicago Initiative to address women’s care load in Africa expands with two new projects | IDRC International Development Research Centre MLA presses government on status of elder-care home work Nunatsiaq News 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca Cree family worries about 97-year-old elder, needing long-term care far from home and culture CBC.ca Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire Bonjour Résidences at the SMASH Conference in Las Vegas: Technological Innovations for Senior Care Bonjour Résidences More New Long-Term Care Rooms Open in Mahone Bay Government of Nova Scotia Quebec is ‘one minute to midnight before a collapse of the elder-care system,’ provider says Montreal Gazette Assisted Living Technology Panasonic Free Flu Shot and New COVID-19 Vaccines Now Available Across Ontario Government of Ontario News Ageing and health World Health Organization BS EDIT: India’s ageing population: Addressing elder care challenge Business Standard Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation Sunnybrook Leads the Way: First Canadian Hospital to Achieve Age-Friendly Health System Status Sunnybrook Hospital B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Seniors Housing Operating Performance Cushman & Wakefield Canada’s first public long-term care home based on the concepts of a dementia village opens its doors to BC seniors The Daily Scan Goa gets its first assisted living centre by Aaji Care The Goan Everyday With dementia rates projected to rise, northerners call for better elder care in Nunavut Nunatsiaq News Ontario Building New Hospital in Moosonee Government of Ontario News Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com When Elder Care Is All in the Stepfamily The New York Times New long-term care home in Mahone Bay, N.S., will provide space for 35 additional seniors CTV News Atlantic Elder Care Assistive Robots Market Size, Share Report, 2030 Grand View Research Could a robot keep grandma company? UBC IDEA lab experiments with AI for elder care - Ubyssey Online AMPLIFIERS Series Premiere: Transforming Elderly Care – Insights from Cherish Health CEO Sumit Nagpal Alvarez & Marsal After Going Missing for Six Months, Elderly Texas Congresswoman With 'Dementia Issues' Found Living at Elder Care Home The New York Sun Green Houses: A communal approach to elder care Association of Health Care Journalists Spotting the Signs of Elder Abuse National Institute on Aging Department of Aging Governor Tom Wolf Long-Term Care, Retirement Home and Elder Care Lodge Resources Haliburton, Kawartha, Pine Ridge District Health Unit Ontario Breaks Ground on Long-Term Care Home in Pickering Government of Ontario News ‘Confused’ congresswoman tracked to nursing home shines spotlight on troubling aging issues facing lawmakers The Independent Malvern care home expansion given go-ahead by planners Malvern Gazette New study: Cost and demand for elder care to double in the next 10 years Canadian Medical Association Sensi.AI raises $31 million Series B for elderly care platform after loss of key team member in war CTech 92 Nursing Homes Sue NY Department of Health Over Cost-Cutting Move Skilled Nursing News Aging and Seniors Care Canadian Nurses Association Continuing Care Nova Scotia Health Authority Public backlash after missing GOP congresswoman Kay Granger is found in dementia care facility Daily Mail Ontario Breaks Ground on Long-Term Care Home in First Nation Community Government of Ontario News The Ontario Liberal Plan to Revolutionize Elder Care Ontario Liberal Party Specialized Seniors Care Inpatient Royal Victoria Regional Health Centre Ageing and aged care Tasmanian Department of Health My Aged Care – Application for Care Form Department of Health Inside Japan’s long experiment in automating elder care MIT Technology Review Seniors Care Hamilton Health Sciences |
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