Long Term In-home Care Options

Are you worried that you may lose all your life's earnings and nest egg due to the rising costs of in-home long term care? As you get older do you have the necessary finances to protect yourself from going broke while slightly incapacitated? Many seniors are worried about are worried about the costs of long-term health care.

Are you worried that if something happens to you, that you may run out of money and burn thru their reserves and all your nest egg. Even be forced to sell your paid for home to survive? The costs for long-term in home care are rising, just like the current costs in health care. The average nursing home stay is 2.5 to 5 years of care with a cost of $135.00 per day. At that rate it will not take log to burn thru piles of cash. This is a concern of seniors and rightfully so.

It is very important to have long-term care insurance in order to protect your assets and give you peace of mind. You need the assurance of quality care, choice and control over receipt of care.

As we get older we do not wish to burden our offspring to come take care of us as they have their own family obligations; so we will want to avoid dependence and it might be nice to receive some tax advantages too. Paying for Long-Term Care requires some strategic planning; either thru family pact to take care of you or long term care insurance. Nothing is not guaranteed and do not expect the government to foot the bill. You see medicare is great but this program may pay for skilled nursing facility care for a very short period of time ? but no longer than 100 days and only when you meet all the Medicare requirements for daily skilled care. If you live in California there is Medi-Cal, but this program, called Medicaid outside California, may pay for skilled, rehabilitation and custodial care that is not covered by Medicare, but only if you first "spend-down" assets to federal and state legal impoverishment level guidelines. Can you pay for your care thru personal or family assets without selling your home? Most people provide for long-term care expenses from personal or family income, assets and resources.

Your more strategic choice for Long-Term Care may involve having an insurance program. Specially designed programs to pay for long-term health care expenses are viable option. HIPAA defines Federal tax treatment of insurance policies that provide long-term care coverage. Policies that meet certain criteria are designated as "qualified long-term care insurance" and will receive certain tax incentives: the cost of coverage may be deductible and long term care benefits received will not be reported as taxable income. Please consult your tax advisor for information about your personal situation.

Play it safe and know your options regarding long-term health care and know protect your assets. Think on this.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

---

Retiring Abroad and Leaving the Grey Skies of the UK

Retiring abroad needs careful planning. Not all countries have the... Read More

Scaling Down (Almost) Painlessly

Moving to a smaller house or apartment in a retirement... Read More

Helping Caregivers Get Comfortable Asking For Help

Becoming a care giver might not have been a conscious... Read More

New Hope for Alzheimers Treatment

There is now widespread agreement among research scientists and medical... Read More

Alzheimers Care Giving While Maintaining Your Own Health

Just for a moment I want you to imagine that... Read More

Hinged Rail Stair Lifts

If a door at the top or the bottom of... Read More

Feeling Lonely?

Q: I hate Alzheimer's disease, not only has it robbed... Read More

Mom Wont Participate!

Q: Six months ago we placed my mother in an... Read More

Scaling Down (almost) Painlessly

Moving to a smaller house or apartment in a retirement... Read More

Senior Care for Alzheimer?s

As a person ages, a certain amount of memory loss... Read More

5 Myths You Should Know Before Choosing Elder Care

Myths associated with selecting quality nursing home care suggest quick... Read More

Nursing Home Staffing Levels: How Much Is Enough?

During the week of February 17, 2002, headlines screamed the... Read More

Assisted Living: Tips on How to Choose a Facility

It is easy to be fooled by fancy drapery or... Read More

Stair Lift Buying Guide

There is no doubt that having a stair lift in... Read More

Caregiving Across The Miles?Tips for Successful Long Distance Caregiving

Caring for a parent or a loved one is a... Read More

Solitary Confinement -- for Life

Sixty-five year old Arthur Jones served a self-imposed life sentence... Read More

Strategies on Paying for Nursing Home Care and Medicaid

The decision to place your loved one into a nursing... Read More

Long Term In-home Care Options

Are you worried that you may lose all your life's... Read More

Arizona Assisted Living Homes -- The Alternative to High Priced Senior Care

The cost of skilled nursing care is slowly rising. Currently,... Read More

What Most Long Term Care Professionals Don?t Know

Medicare recognizes this need and, therefore reimburses your residents to... Read More

Review of the Changing Protein Requirements for Seniors

Youth, it is said, is wasted on the young. Too... Read More

The Dryer Ate Your Underwear!

Q: My mom is in the early stages of dementia... Read More

Just Give Them a Lot of Love and You?ll be Fine

It was right about this time, 19 years ago. My... Read More

Prepare to Make Long-term Care Choices

Several months ago, I was coming out of a gas... Read More

Senior Living: 5 Ways to Help Reduce the Risk of Falling

Every year we hear stories of seniors falling, ending up... Read More

Baby Boomers: Will They Be Able to Afford Their Parents?

Do you worry about whether your aging parents have their... Read More

Local Businesses Serving Seniors Prove Commitment to Quality Care

Good news! You no longer have to risk chance when... Read More

As the Baby Boomers Age

Many employees today are calling in sick - not to... Read More

Introducing the Best Available Long Term Care Policy Guarantee

If you're 60 to 70 years old ... or have... Read More

When Assistance with Long Term Care Becomes Necessary

According to the Administration on Aging, it is estimated by... Read More

The Truth About Christmas

Every year, as Christmas approaches, you hear Christmas carols everywhere.... Read More

When the Box is Empty

The King had a modest kingdom. He was Danish. This... Read More

Compare Nursing Homes

Finding the best nursing home is easier than you might... Read More