Long Term Care Insurance
Americans are focused on the wrong retirement risks
A study from the Center for Retirement Research at Boston College found that Americans cite market volatility as the top retirement risk, while longevity and health care costs actually present bigger risks. The study concluded that Americans need more education about retirement risks, as well as a source of secure income and long-term care planning. … Read more...
How to Pave a Smooth Path for Marriage in Your Golden Years
This article is posted with the permission of the author, Lydia Chan.
After her mother was diagnosed with Alzheimer’s, Ms. Chan struggled to balance the responsibilities of caregiving and her own life. She founded AlzheimersCaregiver.net as an online resource for fellow caregivers and seniors.… Read more...
Constant drumbeat of costs often overwhelms caregivers
An article in the Wall Street Journal details how an AARP caregiving expert ends up broke and $120,000 in debt trying to care for her parents in need of long-term care. (“Caring for Older Relatives is So Expensive That Even AARP’s Expert Filed For Bankruptcy”, Wall Street Journal, 2-22-22).… Read more...
Financial Planning for Alzheimer’s Disease
This article is posted with the permission of the author, Lydia Chan.
After her Mother was diagnosed with Alzheimer’s, Ms. Chan struggled to balance the responsibilities of caregiving and her own life. She founded AlzheimersCaregiver.net as an online resource for fellow caregivers and seniors.… Read more...
156 Wisconsin assisted living facilities closed through September 1 of this year
381 assisted living facilities closed from 2019 through this September!
WHY? They accepted Medicaid (welfare) whose reimbursement is less than the cost to care for their residents.
If you lose money on every customer, can you make it up with volume?… Read more...
Family-Provided Care Can Work–Sometimes
The September, 2021 issue of the journal Health Affairs features a study that family-provided care (spouse or adult children) for dementia greatly diminishes the chances that the individual will need to enter a nursing home. However, full time caregiving will burn out the support team.… Read more...
Care from Family Greatly Reduces the need for a Nursing Home
The September, 2021 issue of the journal Health Affairs features a study that family-provided care (spouse or adult children) for dementia greatly diminishes the chances that the individual will need to enter a nursing home. However, full time caregiving will burn out the support team.… Read more...
Free Post Covid Visit
If anyone has any questions or confusion on dealing with long term care, or the insurance which pays for it, I am here as a reference and to help.
I am 71, have been helping folks for 30 years with this, and now this is my giving back.… Read more...
Alzheimer’s May Strike Women and Men in Different Ways
At the end of February, the website HealthDay published an article entitled “Alzheimer’s May Strike Women and Men in Different Ways”. (https://consumer.healthday.com/2-25-alzheimers-may-strike-women-men-in-different-ways-2650728831.html )
Here is a quote from that article: “The ravages of Alzheimer’s may strike later in women than men, but once it takes hold women tend to deteriorate far faster than men, according to a new study.… Read more...
Long-Term Care Insurance: First, You Should Find an Agent: Wall Street Journal
I often cringe when I see a newspaper or magazine article that discusses long-term care because so many include misleading or outdated information. I was pleasantly surprised when I read this Wall Street Journal article. My approach—and my qualifications—are very consistent with what was outlined here.… Read more...