I am continuously appalled to find insurance agents offering Long Term Care  (LTC) insurance products that contain no 5% automatic, built in inflation on the amount the policy will pay when care is needed.  LTC insurance is purchased while still healthy enough to obtain it, and may not be used for 30 or more years.… Read more...

The numbers of seniors who need personal care help is increasing, says the CDC.  The data released last Tuesday by the CDC’s National Center For Health Statistics shows that 7.2% of seniors require help with activities of daily living in 2015, compared to 6.6%… Read more...

If Long Term Care (LTC) is needed, but not planned for, there are a number of options to make the money last longer or protect some of it.  The best and least expensive way to handle this would have been to purchase LTC insurance while still healthy, preferably in your 40’s or 50’s.… Read more...

Let me start with a study done last year which said: By 2020 (now only 4 years away) there will be more people in the US working as caregivers than working in retail.

This will be true not only because everyone shops on Amazon now, but because we did not have enough children to take care of us in older age and must hire this done, at home or in a facility. … Read more...

Yesterday’s Wall Street Journal had some interesting statistics on labor growth predicted for the next decade.  The article stated that 95% of new jobs would be in the service sector.

Previous articles have noted that the fastest growing service profession is caregiving. … Read more...

Reblogged from CNBC

One-time real estate agent Evelyn Rehg was showing a house to a prospective buyer four years ago when an alarming phone call came from the retirement facility where her mother lived.

“They told me I either had to get my mother immediately into a mental hospital or she would be evicted,” said Rehg, 48, of Crestwood, Missouri.  

Read more...

Our president wants nursing homes to deliver care much more efficiently and for significantly less over the next ten years.  The proposal indicates that Medicare can save $400 Billion over the next 10 years in reimbursements for nursing home recovery care following a hospital stay.… Read more...