The Long Term Care (LTC) Blog
Most Retirees Concerned About LTC Costs
“Seventy-two percent of retirees are concerned about long-term care expenses for assisted living services, nursing home care and home healthcare, according to a new national survey, making such expenses the most frequently cited spending concern by respondents.” — T. Rowe Price Will you need to move in with your children someday for care? Have you…
Read More7 Myths About Caregiving Costs
This article by Rachel Hartman was published on line by U.S. News & World Report on December 12, 2018. It is an excellent overview of several common myths about caregiving costs. The link to the article is here. The financial aspects of caring for an aging loved one are often a grey area. It can…
Read MoreHappy Holidays – How is Grandma?
While your family was together at Thanksgiving, was there evidence that older family members are not taking care of themselves as well as they could be or used to? Perhaps your loved one is not driving as much as before, or perhaps should not be driving at all. Are bills piling up unpaid? Is hygiene…
Read MoreWhat’s it Really Like Paying for Long-Term Care
As written by Michelle Singletary and published in the Washington Post on November 26, 2018 One of my favorite Spock quotes from the Star Trek television series is, “Live long and prosper.” Who doesn’t want a long life, right? But what if the longevity means spending down your money for long-term care? And that’s if you’ve…
Read MoreWho is Going to Pay for Your Funeral?
Asking who is going to pay for your funeral might seem like a silly question–you probably have money in savings, a vehicle, a house, even life insurance. There should be plenty of money to pay this bill, right? The problem is, you are gone, so now who has access to your assets? Your Power of…
Read MoreObservations from a Recent Hospital Stay
Recently, I was an inpatient in a hospital after having surgery. While there, I visited with a number of nurses and CNAs (certified nursing assistants) while they were caring for me. Nearly every one of the CNAs had started their careers in a long-term care (LTC) facility. The reasons these workers moved on to a…
Read MoreBeware insurance agents offering new “can’t lose” long term care insurance
Insurance companies are wooing insurance agents with something they are already familiar with – life insurance – with what looks like a neat extra benefit: it will also pay for long term care (LTC). It’s a two for one deal–it pays for LTC, and if that is not needed, your heirs get the life insurance…
Read MoreLong-Term Care: Tips for Planning and Paying
It’s not a pleasant scenario: your health has deteriorated to the point where your spouse can no longer take care of you on their own, and you need to consider long-term care. Or you had a fall that broke your hip, and surgery is out of the question. Or your memory is failing. Our bodies…
Read MoreDo You Want to Receive Home Care, but can’t afford it?
As you age, and fear that the time may come when you need help with day to day activities such as getting up, dressed, and preparing breakfast, do you worry how you might pay for such care? You’ve heard it is expensive. You cannot afford this care or are not healthy enough to purchase Long-Term…
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