The Long Term Care (LTC) Blog
CORONAVIRUS AND LONG TERM CARE
More than 18 million people have been infected by coronavirus worldwide, about a quarter of them in the United States. It is likely to be years before the costs for those who have recovered can be fully calculated, according to Reuters interviews with approximately a dozen physicians and health economists. These experts point to the potential for…
Read MoreAging in Place: What Every Senior Should Know
By Alejandra Roca Introduction: Aging in America By 2030 every Baby Boomer will be over 65, and will make up 21 percent of the population. And by 2060, almost 25 percent of Americans will be 65 and older. The aging population will have many far-reaching implications for American society, and how to care for older citizens is…
Read MoreHomes Might Turn Away Medicaid Residents
Some homes might have to turn away residents covered through Medicaid because the operation simply can’t afford the low reimbursement rate in return. If a home accepts too many Medicaid residents, it’s at risk of closing permanently and not having the ability to serve its current Medicaid residents, Vander Meer said. A version of that…
Read MoreA Short Video on Long-Term Care
This is my 27th year of doing Long Term Care planning exclusively. Many of my clients come by referral from financial planners and attorneys all over Wisconsin. You can check me out at www.TheLongTermCareGuy.com, Call me at (920) 884-3030 to schedule a visit or just ask questions.
Read MoreLong Term Care in a Coronavirus Era
While it may be prudent to stay at home right now due to the Coronovirus, questions about how to handle long term care for someone who now needs it will arise. While I cannot help find care, I can offer ideas on how to access benefits to pay for such care. Are you aware that…
Read MoreWHERE HAVE ALL THE NURSING HOMES GONE?
Over 550 nursing homes in the United States have closed in the past 4 years. Almost 60% of them—328—closed in just the past 20 months. Wisconsin was one of 9 states that accounted for more than half of the closures. Brown County, WI, where Green Bay is located, has lost 4 in the past 4…
Read MoreLook for Appropriate Advice on Dealing with the Costs of Long Term Care
I just viewed an email from a stockbroker containing information on Long Term Care (LTC) and LTC insurance. It mentioned that 70% of people who reach age 65 will need LTC services. That statistic is accurate and comes from the US Department of Health and Human Services. The email then went on to say how…
Read MorePutting Off Long Term Care (LTC) Planning
Are you one of the people worrying about putting off long term care planning? Sure, it’s no fun to think about, but it’s actually a fairly simple discussion. First, some good news: Contrary to what you might think, most people do not need to worry about having to live in a nursing home. These days,…
Read MoreHow to Provide Long-Term Care to a Burgeoning Elderly Population
Providing long-term care isn’t the problem. We know how to do that. Paying for it is. So, I’m going to define the long-term care financing problem. Both government and scholars have focused corrective action on symptoms of the problem instead of its causes. Long-term care for our Burgeoning Elderly Population includes a broad range of…
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