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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: Visionaries Unite: How the West Coast Conference on Aging is Rewriting the Future of Senior Care The Daily Scan Medicaid cuts threaten nursing home partnerships Private Funds CFO Elder Care Services Market to Reach US$ 2.56 Bn by 2031, Driven by Aging Population Growth openPR.com DeSantis signs budget that includes more than $1.16 billion for health care initiatives Health News Florida Commentary: The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can? Los Angeles Times NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. Nova Scotia Health’s Dignity of Risk Program leading change in caring for older adults living with frailty and dementia Nova Scotia Health Alumni Impact Series: Kevin Ye – Shaping the Future of Elder Care through Entrepreneurship University of Waterloo AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes Anglican elder care specialist and advocate named to Order of Canada The Anglican Journal Letters to the Editor: Increasingly expensive elder care ‘almost sounds like a conspiracy’ Los Angeles Times BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University The Care Squeeze: how to have the aged care conversation with your loved ones Australian Broadcasting Corporation ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News Rescue work continues at site of impact near elder care facility in central Israel The Times of Israel The Best Smart Home Devices to Help Aging in Place The New York Times 'Don't open another bed': St. John’s doctor says there's a better way to keep seniors out of long-term care PNI Atlantic News Elder Care Products Market to Reach US$ 45.0 Bn by 2032 Driven by Aging Population Growth openPR.com Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist News B.C. government close-lipped on watchdog report that finds seniors care is worsening - Vancouver Sun Video: How the Immigration Crackdown Threatens Elderly Care The New York Times Should we subsidize elder care more? Stockholms universitet Cracks in home care need filling NB Media Co-op A Daughter’s Cautionary Elder Care Tale The Progressive Rural Nebraska town warns of Medicaid cuts’ impact on elder care KOLN | Nebraska Local News, Weather, Sports | Lincoln, NE Experts share tips for 'Sandwich Generation' as caring costs them $18k a year — as it happened Australian Broadcasting Corporation Deputy urges fresh talent to fill elder care gap China Daily Health Caregiving Market to Reach US$ 250 Bn by 2032, Driven by Aging Population Growth - openPR.com Kuwait showcases elder care model at UN forum Kuwait Times Elderly care highlighted at China's 'two sessions' Global Times A Model for Elder Care? Supported Housing Offers Some Hope for the Future Center for Retirement Research Iran-China relations + China drops tariffs for African countries + Elderly-care robots Mercator Institute for China Studies Sector must become financially investible to meet future aged care needs, StewartBrown report warns Inside Ageing Nursing home and elder-care residents could be hit hard by potential Medicaid cuts The Washington Post Organization brings awareness to elderly care resources after incident in Warner Robins - 41NBC News The Care Squeeze Australian Broadcasting Corporation Research Groundbreakers: Dr. Roxanne Weiss Is Advancing Elder Care and Delirium Prevention The University of Utah Elder care studies to be diversified China Daily Half of Kansas nursing home investigator positions are vacant. One Olathe resident dies waiting for help Johnson County Post The Robot Revolution: From Assembly Lines to Elder Care – How Automation is Transforming Work and Society. Quantum Zeitgeist China to use AI in elder care as population ages: official The Economic Times Midlands law firm opens Aiken office, adds estate attorney Columbia Business Report Hatfield senior citizen accused of indecent assault on sleeping victim at assisted living facility, police say North Penn Now Digitalization for Improving Elder Care Asian Development Bank New long-term care home coming to Squamish BC Gov News We’re Suddenly My Difficult Mother-in-Law’s Full-Time Caregivers. It’s a Nightmare in Ways I Could Never Have Imagined. Slate Magazine When Elder Care Is All in the Stepfamily The New York Times Dual Threats From Trump and GOP Imperil Nursing Homes and Their Foreign-Born Workers Wausau Pilot & Review Increasing Women's Workforce Participation in Mexico requires support for Child and Elder Care World Bank Blogs Elder Care Graduates in Hot Demand in China Sixth Tone |
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