Long-term care is expensive, and Americans can’t expect Medicare to pay for it. Given this, Medicaid has, unfortunately, become the long-term-care insurance of the middle class, with some people wiping out their savings and then relying on Medicaid for assistance in paying for their nursing-home stays.
The Multigenerational Impact of Our Increased Life Expectancy
In our last blog, we took a look at our increasing life expectancy and offered steps so you don’t outlive your money. Today we will take a look at how our longer lives affect not just our immediate family but multiple generations.
Here’s to a Good Long Life—Just Be Prepared Financially
Long-Term-Care Insurance: Myths, Misunderstandings, and Considerations
It may seem like a remote possibility, but the likelihood that you—or someone you love—will need long-term care is high. The Life Happens blog compiled a list of long-term-care statistics, some of which might surprise you:
Elder Financial Abuse: Remain Vigilant to Protect Your Loved One
Navigating a Minefield: Necessary Legal Documents for Your Elderly Loved One
9 Tips for Selecting—and Paying for—a Nursing Home
When Staying in the Home Is Not the Answer: Assisted Living Communities
Last week we looked at the benefits and costs of in-home care for your elderly loved one. But what happens when it is no longer safe for Mom or Dad to stay in their home? It may be time to discuss a move to an assisted living facility.
In-Home Care: The Benefits and Costs of Staying at Home
According to the last U.S. Census report in 2010, 11 million adults age 65 and over (28%) lived alone, and the likelihood of solitary living only increases as people get older. If your elderly relative is living on their own and not to the point of needing a care facility, it’s important to ensure that they aren’t isolated.
Safety and Your Elderly Loved One: Is Staying at Home a Viable Choice?
It’s natural for elderly people to want to remain in their own homes. After all, they have often lived there for decades and have many memories associated with both the dwelling and the neighborhood. Yet moving to a nursing home or assisted living community sometimes makes the best sense for a person’s health and well-being.