Blog - Page 2 of 11 - GoldenCare

Assisted living rate increase grows 4.65 percent — more than skilled nursing but less than home care

McKnight’s Senior Living Lois A. Bowers The annual median rate in assisted living increased nationally by 4.65% in 2021, according to the results of Genworth’s 18th annual Cost of Care Survey, released Wednesday. Nationally, the annual median charge for a private, one-bedroom unit was $54,000 per year ($4,500 per month or $148 per day), the … Continue reading "Assisted living rate increase grows 4.65 percent — more than skilled nursing but less than home care"

Caring for Older Relatives Is So Expensive That Even AARP’s Expert Filed for Bankruptcy

Unexpected costs can accumulate over time and overwhelm even most experienced of nation’s 53 million family caregivers By Clare Ansberry | Photos by Alyssa Schukar for The Wall Street Journal Feb. 20, 2022 Amy Goyer is AARP’s family and caregiving expert. She has written two books on the subject and has her own consulting business. … Continue reading "Caring for Older Relatives Is So Expensive That Even AARP’s Expert Filed for Bankruptcy"

Survey finds most remain unprepared for extended care

The Southern Berks News pressreader Despite the COVID-19 pandemic, a recent survey from diversified financial services leader, Thrivent, found that perceptions toward extended care planning haven’t changed, and a significant percentage of Americans have not documented their plans, should the need for extended care arise. The survey defined extended care as non-medical care for those … Continue reading "Survey finds most remain unprepared for extended care"

Medicare Annual Enrollment Period Do’s and Dont’s

Learn the Do's and Don'ts of Medicare's Annual Enrollment Period beginning October 15th through December 7th.

Most senior couples will need LTC for at least one partner: report

Even among the healthiest older adults, a 75% chance exists that one partner will require a significant level of long-term care as he or she ages, according to a new Healthview Services report. The data show a 25% probability that both partners could end up needing a skilled nursing facility or an assisted living community or … Continue reading "Most senior couples will need LTC for at least one partner: report"

How to Get Long-Term Care in Place for Aging Family Members

So your parents have smartly paid long-term care insurance premiums of a few hundred dollars a month for 15 years. Now they need help in their house and are ready to file a claim and reap the financial payback of their prudent planning. The average cost of a home health aide in a retiree’s home … Continue reading "How to Get Long-Term Care in Place for Aging Family Members"

Washington State Long-Term Care Program- Employers Take Notice & Act Quickly

The Washington Long-Term Care Program is the nation's first public state-operated long-term care insurance program. The Program, which is codified at RCW chapter 50B.04, will be funded by a .0058 (0.58 percent) payroll tax on all employee wages, beginning January 1, 2022. Employers will be required to collect this premium assessment via after-tax payroll contributions and will remit those premiums to the Washington State Employment Security Department (ESD) as part of their quarterly reporting. Employers are not required to contribute to the Program, just remit the employee-paid taxes.

What Long-Term Care Insurance Is (and Why You Might Want to Consider It Now)

Buy now, get the care you need later. The standard approach to saving for retirement tends to be acquiring a large pot of money which you then invest (ideally in a tax-advantaged retirement account). What many retirees (or those soon to retire) soon realize is that the same pot of money that you use for food, vacations, and … Continue reading "What Long-Term Care Insurance Is (and Why You Might Want to Consider It Now)"

An afternoon nap could improve your cognitive abilities, study says

By Megan Marples, CNN Updated 11:41 AM ET, Thu January 28, 2021 (CNN)Taking an afternoon snooze could keep your brain sharp, a new study has said. Adults ages 60 and older who took afternoon naps showed signs of better mental agility compared to those who didn’t nap, according to a study published in General Psychiatry earlier … Continue reading "An afternoon nap could improve your cognitive abilities, study says"

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