Today, we are going to discuss a few ways to help a parent or declining spouse pay for long-term care expense in a nursing home by utilizing government benefits. In our last blog post, we mentioned that it was critical that Momma sit down and write out her preferences; what does she want to happen in the event that she is incapacitated before she dies? Specifically, if her … [Read more...] about Bridge of Life Planning (Part 4) – Paying for Nursing Home Care with Government Benefits
How to pay for nursing home care
If you are a Family Caregiver tasked with the responsibility of helping an aging parent with their care, you quickly realize that “This Health Care Stuff Costs Money!” It costs a lot of money to secure the proper care for your Loved One. Whether your parent is at home or is in a facility of some type, costs mount fast! Money is NOT the Issue (or is it?) Many people would be … [Read more...] about This Health Care Stuff Costs Money!
In our last post, we discussed 5 items to consider when working to prepare your Bridge of Life Financial Plan. In this post. We list a few things to discuss with your Financial Adviser and your Elder Law Attorney when you meet with them. If you are reading this and you are the Aging Senior, please take the initiative to schedule a Portfolio Review meeting with your Financial … [Read more...] about Financial Planning to Help Pay for Senior’s Health Care Costs
Long Term Care (LTC) insurance, also commonly referred to as nursing home insurance, has been around for years. However, it has been my experience that very few people have this type of insurance. With the average national cost of nursing home care exceeding $6,000 a month, this is enough to drain most bank accounts in a hurry. LTC insurance that will pay this High Cost of … [Read more...] about 7 Valuable Questions You Need To Know About LTC Insurance