It’s an incredibly challenging transition to go from dealing with your parent as their child and peer to having to take on a role of authority with them. Some people refer to this period as having to become a parent to your parent, and the analogy is not far off. Many...
Medicaid is a state and federal program that can help you cover the costs of health care as you age. It is meant to aid those with limited income, so often people assume that they are not eligible to receive Medicaid help just because they own a house or other...
To qualify for Medicaid coverage of long-term care in New York, you cannot have more than $15,450 in assets. But with nursing home costs as high as $6,000 to $7,000 a month, you may need Medicaid benefits to afford your care. If you want to qualify for Medicaid...
Medicaid comes in handy for covering the costs of healthcare, but the limitations can be strict. And unloading your assets to qualify might not work as well as you’d like. Medicaid has varying limitations on income levels and resources, but meeting requirements may...
Few of us want a legal guardian. As adults, we only have them when we become so severely physically disabled or mentally incapacitated that we cannot express ourselves or function without the care of others. But life is full of surprises. So, it is wise to think about...
The health care industry is not known for its transparency when it comes to cost. Elder care and assisted living facilities mimic hospitals in hiding, or at least not promoting, the fees and costs associated with using them. If you are considering one of these...
It is easy to underestimate the cost of long-term care. Many people hope to remain in their homes and avoid the need for a nursing home or care facility. Some believe that their children, or friends or neighbors will be able to compensate for the things they lose to...
Health care costs have continued to rise at an alarming rate. Health care needs often grow as we age. For many of us, the potential cost of health care for our later years is enough to cause us to lose sleep. Long-term care insurance is one of the solutions some are...
Misconceptions and assumptions about aging and elder care can be dangerous. Many people assume that the government or their children will take care of them when they get older. They harbor a vision of care paid for by Social Security or some other program and handled...
Doing long-term care planning or thinking about getting all of the paperwork in order? It's wise to do this long before you need to use the plan, and asking the right questions can help. According to the National Institutes of Health, these are a few of the most...
