Changes To LTC Insurance Over The Last 10 Years In prior articles, we briefly examined the basics of long term care insurance, some statistics, the interface of government and long-term care and various components which affect the cost of plans. Long term care insurance has changed significantly over the past 30 years and particularly over the last 10 years. Some of these … [Read more...]
The Impact of Current Medicare and Medicaid Law On Long Term Care
How the government is involved at state and national levels. As we discussed in our prior article, long term care is a reality best faced sooner, rather than later. There are already many laws and much government involvement in long term care, both on local, state and national levels. Let’s take a look at some of these areas where long term care and laws intersect. First, … [Read more...]
Long Term Care Insurance; The Good, The Bad and The Ugly
The intersection between LTC Services and LTC Insurance. Discussions about long term care insurance are occurring in places as diverse as the golf course, in the Wall Street Journal, your doctor’s office or book club, a dinner out with friends, or an elder law office. This article, first in a series on long term care, gives a general overview of long term care services, … [Read more...]
The Pitfalls of Hiring a Caregiver Directly (Private Pay)
Why We Decided to Use an Agency Keeping mom at home is the core of our care plan. After dad died, I struggled with how to make that happen safely and affordably. Mom needs 24/7 live in help, but I needed to keep working. (Jump to Lessons Learned) Concerned about finances, I figured hiring someone directly (private pay) would be less expensive. And it can be. What I didn’t … [Read more...]
Medicaid’s Five Year Look Back: 6 Tips On How You Can Prepare Now
Don't spend down to $2,000 and THEN apply! Medicaid is one of those words that can bring out powerful emotions in people. No one wants to go on Medicaid, but here is the reality, it provides health coverage to more than 4.6 million low-income seniors. And part of that healthcare is paying for seniors to live out their lives at home, in Assisted Living or Skilled Nursing … [Read more...]