Category Archives: Long Term Care
What to Look for When Shopping for Long-Term Care Insurance
The cost of skilled long-term care continues to explode. In Florida, many nursing homes are charging up to $100,000 a year for a private room, and semi-private rooms are not much cheaper. If you are looking for ways to defray the cost of getting older, then buying long-term care insurance could be an option…. Read More »
Should You Get Paid for Taking Care of Mom or Dad?
As parents age, they increasingly need help with daily activities such as getting dressed, bathing, and cooking meals. Other seniors are virtually bedridden. Watching our parents decline is difficult. However, there are other practical concerns that loom large. Who will take care of your parents? Can you afford to hire at-home help, or does… Read More »
How to Reduce Costs of Long-Term Care
Nobody wants to spend the end of their life in a nursing home, but millions of people will. And the cost is eye-popping. According to Senior Living, the average annual cost of a semi-private room in a nursing home in Florida is almost $100,000. It might be more or less depending on where you… Read More »
Watch for Signs of Caregiver Stress
Taking care of an elderly spouse or other relative is a stressful experience. Many caregivers suffer in silence, afraid to reach out for help as they put their own needs behind those of their loved one. Unfortunately, as doctors have been warning for years, being a caregiver is an exhausting experience. Many people will… Read More »
Medicare Part A Coverage
Medicare Part A covers up to 100 days of patient care in skilled nursing facilities and hospitals, and is a great benefit to have as a senior. If you are 65 or older and entitled to Social Security benefits, you are eligible for Part A. Even better, there is no charge for premiums, unlike… Read More »
