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 care (LTC). Long-Term Care Awareness Month is all about planning ahead, having a strategy, and alleviating some of the burden placed on family members. Long-term care is a family affair, as the majority of caregivers are family members. Providing long-term care services for a loved
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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 will be added to his 92-year-old mother’s bill at Sunrise Senior Living for the remainder of the year. “How many seniors can afford an immediate $750 a month additional to their monthly fixed budget?” says Mr. Gallo, whose mother, Vera Gallo, has dementia and lives
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