Senior Life Care Planning has worked with countless individuals, couples, and families as advocates for their rights, care and proper services. We provide care advocacy services and have facilitated, our clients, to qualify for Medicaid benefits to cover long-term nursing home expenses. Paying for skilled nursing and rehabilitation care can cost approximately nine thousand dollars each month. We considerably reduce and have often eliminated these financial stressors, while sustaining a superior standard of living for spouses and protecting a family’s assets.
The Global Economic Impact of Dementia report states that Alzheimer’s disease is a substantial cost on the global economy. Unfortunately, the problem is accelerating. The World Alzheimer Report 2010 provides the most current and comprehensive global picture of the economic and social costs of the illness. The report reveals: • The total estimated worldwide costs of dementia are US$604 billion in 2010. • These costs account for around 1% of the world’s gross domestic product, varying from 0.24% in low income countries, to 0.35% in low middle income countries, 0.50% in high middle income countries, and 1.24% in high income…
Indeed, some 800,000 people already have made that choice. Continuing care residential facilities offer a wide range of options designed to evolve with your needs. Unfortunately, it is just this wide range of options that can make the process of choosing the best facility for yourself or a loved one all the more confusing, especially when it comes to determining costs. Smart Money recently ran an article on the Confusing Costs of Continuing Care, outlining some of the more vexing difficulties, and offering tips on how to research a facility before making a choice. Continuing care facilities can vary widely…
Each year a million people begin to recognize they have a mild cognitive impairment (MCI) i.e. memory loss. Although, Alzheimer’s disease is the most common form of dementia, memory loss can decline due to: Delirium (confusion due to infection, medication, acute illness) Depression (may include memory problems) Urinary tract infection Vitamin B 12 deficiency Thyroid problems Especially, if the memory loss or confusion occurs rapidly, this may indicate the above systems rather than Alzheimer’s disease. Generally, Alzheimer’s disease is a slow decline of cognition abilities. Consequently, contact a neurologist or a geriatrician to evaluate your loved one. Unfortunately, if dementia…
Manage aging parents in five ways: Resistance – Eliminate, or more practical minimize. Initiate a plan, with everyone’s input, you, your spouse and family, siblings and your parents. If people participate in the plan, everyone knows the plan, conflicts should be abated. Control – Nobody is comfortable with change, especially seniors, giving up control and their independence. Therefore, you must recognize your parent’s desire for control and consistency. Appreciate their apprehensions from their perspective. Ensure your parent’s understand they have some control over their life. Independence – Strive to maintain your parent’s highest level of independence. Finances – Develop a…
Senior Life Care Planning provides seniors and their families, expertise and resources they need to better navigate the many health care, social, legal, and financial complexities associated with aging. Our care advisors, who specialize in senior care and care-giving issues, customize each client’s unique situation and desires. As advisors we can monitor, and assist with a wide range of common challenges for the caregivers of aging parents including health, insurance, legal, and financial issues and the evaluation of residential options, home, assisted living, and/or nursing home. We provide unbiased and compassionate care advocacy, these advisors also can keep family members…
From the PBS 2005 Show “& Thou Shalt Honor” some clips Expert Advice Honor the Father and Mother The Challenges of Caregiving Benefits of Prevention See other PBS shows previously mentioned in our Blogs Living Old – broken down Living Old Young at Heart
The following is an estimate of the costs of the varying types of senior care for your aging parents: Telephone Calls – Telephone home call "care" can cost approximately 40 per month, for safety checks, medication management, etc. Home Care – Depending if you hire an agency, approximate costs $20 per hour, $7,500 for 24/7 care; or a private individual approximately $10 per hour, although you have to pay taxes, insurance on top. Respite Care – Otherwise, known as Hospice, can be paid by Medicare. Visiting Nurses – If treatment prescribed by physician, may be covered by Medicare or Medicaid….
1. Myth: “I can hide my assets and get eligible for Medicaid.” The Truth: Intentional misrepresentation in a Medicaid application is a crime and can be costly. The IRS shares any information concerning income or assets you have with the Medicaid agency. These reports include interest income and the sale of stocks or bonds. You or whoever applied may have to pay Medicaid back to avoid prosecution. 2. Myth: “I can give away $10,000 per year under Medicaid rules.” The Truth: This is a rule under federal gift tax law, not under Medicaid law. (Actually, the amount has changed to…
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