Nursing homes have always been expensive. A big part of the future planning that people do is saving money for their long-term healthcare needs. They expect to spend at least some time in a nursing home or an assisted living center, and they need to have the funds to...
You’ve likely heard of people who spend their entire life saving up as much of their money as they can, but then they are forced to spend all of that money on medical care at the end of their life. In fact, many of these individuals are surprised by just how quickly...
Medicaid is a program only for those with limited assets and income. You may have never needed Medicaid throughout your adult life, but there is a possibility you will need it as you get older - even those with well-funded retirement accounts may eventually need...
Social Security retirement benefits are a crucial social safety net for most working adults. After a lifetime of career contributions, working adults can eventually receive regular payments to help cover their retirement cost of living expenses. However, you have to...
As you get older, one of the things you need to think about is long-term care planning. Part of this planning may include looking into the cost of nursing home care and how you’ll cover it. Planning to use Medicaid is one option. Most, though not all, nursing homes do...
When people think about estate planning, they typically think about what will happen to their assets and their heirs after they are gone. However, estate planning is also about preparing for all sorts of scenarios, including the possibility that you may someday need...
As you get older, there may come a time when you realize that there is the possibility of needing to live in assisted accommodation in the future. You may simply envision a point in which you are less independent and want the security of a nursing home, or you may...
If you have an elderly loved one with a disability, it may be something that they have dealt with all their life, such as the result of an injury as a young adult. It may also be the direct result of aging, such as the ramifications of a stroke. Either way, you know...
When the elderly need extra assistance, they have numerous options. For instance, a child may simply start helping them and caring for them at first, leaving them largely independent. If their needs get to the point that the child cannot do enough, though, they may...
As you get older, the property you own becomes more important. You may have built up years of memories in your family home. You may have raised your children there or spent time reading to your grandchildren. Preparing for Medicaid may leave you with an important...
