Your spouse is in a nursing home. You are paying out $6,000 or more per month for his or her care. You have been told that you can only keep ½ of your combined assets and have to spend down …
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Medical Directives
If you are permanently mentally incapacitated and are on life support, would you like your loved ones to be able to make decisions for you? Would you like to have your loved ones to be able to withhold and withdraw …
Medicaid Eligibility-Top 8 Mistakes
You or a loved one is in the nursing home. You have been told that you have to spend down all of your assets to $2,000 before you can apply for Medicaid to pay for the nursing home care. The …
Elder Financial Abuse
According to the experts, financial abuse of the elderly is rising, even to epidemic proportions. When you hear of elder financial abuse, you may think of unscrupulous home improvement contractors, phony investment schemes or internet scams. However, it is reported …
Hospice a Choice for End of Life Caregiving
There are many decisions to be made when imminent death is approaching for a loved one. Questions regarding what type of care, medical assistance and even physical location for their last days confront us. If care at home has been …
Recognizing the Need for Outside Help in Caregiving
Do you have a family member who is caring for a loved one? These caregivers often don’t recognize when they are in over their heads, and often get to a breaking point. After a prolonged period of time, caregiving can …
Beware of Financial Scams
You get an official looking letter that says that you have won the $50,000 sweepstakes. There may even be a realistic check from a real company and drawn on a real bank. There is a catch. Before you can claim …
Medicare Enrollment Starts Earlier This Year
If you are over the age of 65, the time of year to review your Medicare plans has moved up this year. For 2011, the starting date for the Open Enrollment Period has moved up a month to October 15, …
Planning Financially for Long Term Care
You may be taking care of elderly parents now or looking at that possibility in the near future. According to a report from USATODAY/ABCNews/Gallup Poll, 41% of baby boomers are helping take care of elderly parents by providing personal help …
More Out-of-Home Living Options
In prior columns we have discussed various living arrangements both in and out of your home. But what if you cannot live alone and need 24 hour personal care, protection or supervision, but do not need the care provided by …