Monthly Archives June 2020

Are Your Long-Term Care Plans Putting You in Danger?

Long-term care? Where? The current pandemic has caused us to look at changes in the way we live and interact with others; it may also cause many of us to re-think our long-term care (LTC) plans. Why? Because people (lots of them) die in long-term care facilities. A Johns Hopkins study that was recently published in the Wall Street Journal found that “at least” 40% of deaths that have been attributed to COVID-19 were deaths of residents and staffs of LTC facilities. It’s even worse in the city in which I have lived for the last 16 years (up until the first
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What to Consider Before Moving a Parent Into Assisted Living During COVID-19

Nicole Dunn was all set to move her mom, Barbara, into an assisted living community in St. Petersburg, Fla. in April. Then COVID-19 struck. The facility temporarily banned outsiders and “that meant us,” Dunn says. Her mother, who has dementia, continued to live on her own in Florida. But in mid-May, the assisted living community, which had no known cases of COVID-19, started to welcome new residents again, although newcomers would be quarantined in their apartments for two weeks. So Dunn’s mother moved in. The early days were rocky. “I had to constantly reassure her that this was a good place
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Medicare isn’t free. Here’s how much you may need to pay for it in retirement

If you think Medicare is free, guess again. Depending on your specific coverage and your use of the health-care system, the amount you pay out-of-pocket could climb well into six-figure territory over the course of your retirement, according to a report from the Employee Benefit Research Institute. “Some are surprised that, after working for decades and paying Medicare taxes, they still have to shell out money,” said Elizabeth Gavino, founder of Lewin & Gavino in New York and an independent broker and general agent for Medicare plans. To cover premiums and out-of-pocket prescription drug costs from age 65 on, you
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