Due to personal experiences with family members who didn’t have a plan or Long-Term Care Insurance (LTCI), my wife and I chose to get covered and to do so early on. Here are the 4 reasons why I own LTCI: 1. Peace of mind. 2. Medicare won't help me. 3. Choice and independence. 4. Asset protection.
Read moreHootie’s Take: Talking with your family about your preferences in advance is important. Having a plan in place allows the family to know what to expect and allows conversation surrounding who will provide care and how they will be compensated. The vast majority of Americans would prefer to receive senior care in a home setting, … Continue reading "Aging-in-Place Wildly Popular, Home Health Aides Less So"
Read moreDo I have assets that I wish to protect? Will past military service offer any long-term care solutions? Would my children be able to offer personal care as I age?
Read moreWe asked a few employees at GoldenCare to answer this questions, "How has working at GoldenCare changed your perspective on Long-Term Care?"
Read moreSupporting the people behind the patients is our next big challenge There are more than 670,000 unpaid family caregivers in Minnesota. These are family members, friends and neighbors who are providing care for no charge, often while working full-time jobs. The services these unsung heroes provide not only help their loved ones live independently in their homes … Continue reading "Caring For Caregivers"
Read moreLet’s face it, many people don’t plan their own funerals. It’s not a fun subject and many people prefer not to talk about it, yet it’s inevitable. Loved ones and family members are then left to plan for a funeral, sift through their loved one’s things and deal with the loss of someone they cared … Continue reading "Planning For The End"
Read moreWith the tax filing deadline just over one month away, it’s important to understand the tax benefits that come with obtaining long-term care insurance policies.
Read moreBathing is the most common activity of daily living with which residents of assisted living or similar residential communities need help, according to a new report from the Centers for Disease Control and Prevention’s National Center for Health Statistics. The report sheds light on the characteristics of the 835,200 residents in such communities who were … Continue reading "CDC Report Details Characteristics of Assisted Living Residents"
Read moreHooties Take: Before ruling it out, be sure to understand the numerous financial advantages that life insurance policies may provide. Many of these benefits can be useful not only in the event of death, but while alive, too. While most people may look at life insurance proceeds simply as a way to pay off debt or to replace … Continue reading "Using Tax Advantages of Life Insurance in Your Financial Plan"
Read more