As more and more elderly Americans need to use long term and assisted living facilities the costs keep increasing. If you are or an elderly loved one are looking at having to move into one of these care facilities you may be wondering if there is any assistance that might be available to you outside [...]
Long term care is something that many of us will face in our lifetimes. Even if it isn’t a personal experience, spouses or parents may be in need of long term care at some point in their lives. Knowing what to expect and how to plan for long term care can help alleviate stress and [...]
As a veteran or the spouse of a veteran, you may be entitled to quite a few benefits that you are not aware of. If your financial situation requires that you seek out alternate benefits for essential things like long term care, medical benefits or other necessities you may want to look into these benefits [...]
Having long term care insurance seems like a great idea. The issue is these policies can be very complicated when it comes to understanding just what they will cover. Many seniors who have long term care insurance aren’t aware of the complexities of how and when their benefits work. Here are some things to keep [...]
While a relatively new program, health savings accounts have been around for 10 years now. If you are not yet retired and are still working, you may want to take advantage of a HSA if your employer offers one. Here are some reasons why a health savings account is important. Tax Breaks All of the [...]
Genworth Financial recently released a cost of care study that showed that the national median rate for a private room in a nursing home is $240 per day, or $87,600 per year--a 4.35 percent increase since 2013. Long term care costs widely vary statewide, with costs in some states ranging over $100,000 per year. Many [...]