Monthly Archives December 2015

Visiting Long-Term Care Residents During the Holidays

The holidays are an exciting time of year. Holiday music is being played, shopping for those last minute gifts, and a joyful buzz in the air. But what about your loved ones living in long-term care facilities?  Am I able to bring my loved one home?  What tips can I use to make sure a visit is enjoyable? The short answer: yes. Families are allowed to take their loved ones out of long-term care facilities for short periods of time. There are some restrictions to consider based on how their long-term care services are paid for.  If your loved one’s
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Stay Golden: The Broken Plan

“My grandmother’s “Long-Term Care plan” was when she need extra care she would move into the same Assisted Living Facility that her sisters were living in. Those plans changed when she got dementia. She began to show signs of impairment in her reasoning and judgment. She refused to live in any type of Assisted Living facility. She became very stubborn and would only allow my mom to take care of her. My mother did her best to care for her but without any outside help it became very hard on her emotionally, as well as, physically and financially. This caused
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Obamacare Deductibles Leading to More Critical Illness Policies

 Hootie’s Take: More health insurance with higher deductibles for low income people translates into higher demand for critical illness policies to help cover the gap. Critical illness insurance policies are more popular than ever. A study conducted by Gen Re showed that critical illness gained almost $381 million of new business revenue last year. The number of accepted eligible illness has increased from 13 to 19, making millions of more people consider purchasing a policy. Critical illness insurance policies are used to bridge the gap between health insurance and the cost of medicines and healthcare that is caused by several health conditions.
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Why Work with a GoldenCare Long-Term Care Specialist?

When you think of all of the pieces in your retirement plan, will you have enough money saved for living expenses? Do you plan to travel or help with your grandchildren’s education? Do you have enough money saved for Long-Term Care expenses should you and/or your spouse need it? With a 70% chance of a person 65 years old needing Long-Term Care (LTC) services, the odds are likely most of us will need some form of LTC. Since health insurance and Medicare do not cover this type of care, the best way to protect your hard earned assets, your family’s
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