Archive for the ‘Life Care Planning’ Category

Issues with Annuities and Long Term Care Insurance?

Financial and insurance products have long been key retirement planning components – helping savers mitigate retirement risks and provide retirement income. According to a recent issue of MarketWatch, however, those types of products are getting harder to find as some of the major companies back out of the market.Genworth last week said it will stop selling variable annuities and MetLife decided late last year to stop selling long-term care insurance policies.Why? These are all business decisions based on current economics. But in the case of long-term care insurance, it seems some of the bigger providers got their pricing wrong. Many…

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Communicating with a loved one with dementia can be very frustrating for both.

The damage to the brain may result in difficulty using the correct words or understanding the spoken word. Consequently, communication skills should be addressed, as early in the process, as possible. As a result, individuals may be able to transmit meaningful communication. Therefore, your loved one maintains social interaction, function and a quality of life. The person with dementia may repeat a phrase or word over and over. Obviously, this is very wearisome and frustrating for the caregiver but communication can be enhanced by: Avoid extra external noise Avoid distractions  Use short simple sentences Avoid open ended questions Use direct…

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What is Dementia?

If you are not sure, call Senior Life Care Planning and we will give honest, independent and professional guidance to help you decide if we may be helpful to you, as you enter the legal, financial, and healthcare maze. You are not alone!

If you are struggling, overwhelmed, and lost as a long distance or local parent caregiver, we at Senior Life Care Planning, are your “eyes and ears”.

Youu still have control but not the anxiety or worries as to what is really happening with your parents.

Do I Really Need Senior Life Care Planning’s Advocacy and Guidance Plan?

Is your work, commitments, family demands and responsibilities now so great that you are not able to provide the desired level of advocacy, supervision and attention to your loved one’s issues?

Senior Life Care Planning Helps Seniors and Their Families

At Senior Life Care Planning we help seniors and their loved ones navigate the maze of legal and financial issues associated with a prognosis of loss of memory or other long-term crippling disease.

The Maryland / DC area is full of aging baby boomers who have elderly parents, spouses caring for a sick loved one, and older adults who don’t have family close by.

Whether hiring an independent caregiver or choosing a home care agency, there are a number of criteria you should keep in mind.

Veteran has a vacation property, in addition to their home, is it countable?

The fair market value of the rental property is an asset.

In order to be eligible for Medicare coverage, the health services used must be both reasonable and necessary in the treatment of an illness or injury.

Will you loose your home to the nursing home?

Before entering a nursing home, or as soon as possible afterwards, the’re ways to protect your assets.

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