Long-Term Care: Challenges and Changes
No one really likes to think about needing long-term health care services. But the reality is that each year, an estimated 12 million Americans need some type of long-term care.1
Are you prepared? While it used to be that families cared for their aging relatives because there was no other option, today’s elderly increasingly rely on professional care from home health aides and nursing homes, particularly when significant care is needed. That can become pricey.
Recent News
A Social Experiment | What Are The Chances?
The potential need for long term care is a topic most people would rather avoid. But not talking about it doesn’t make the issue go away. It only delays planning and leads to potential confusion and financial impact for not just those who may need care, but their family and friends. The reality is that … Continue reading "A Social Experiment | What Are The Chances?"
November Is Long-Term Care Awareness Month!
Have you planned ahead to secure your financial future? In today’s world, home is more important than ever. It’s the one place we all feel safe and secure. November is National Long-Term Care Awareness Month, an event recognized by Congress and a number of states, designated to educate Americans on the growing need for long-term … Continue reading "November Is Long-Term Care Awareness Month!"
Another Inflation Stress: Rising Costs of Senior-Living Homes Strain Families
Inflation is fueling cost increases at nursing homes and assisted-living and independent-living facilities, which is tough for seniors on fixed incomes Eldercare facilities are raising prices and adding new fees, straining older Americans and their families who step in to help. Dan Gallo recently received a letter saying a new inflation-related daily fee of $25 … Continue reading "Another Inflation Stress: Rising Costs of Senior-Living Homes Strain Families"
Updated: NAIC Shopper’s Guide to Long-Term Care
The National Association of Insurance Commissioners (NAIC) has updated their consumer publication, A Shopper’s Guide to Long-Term Care Insurance. The NAIC wrote this Shopper’s Guide to help you understand long-term care and the insurance options that can help you pay for long-term care services. The decision to buy long-term care insurance is very important. You … Continue reading "Updated: NAIC Shopper’s Guide to Long-Term Care"