If you are among the wave of Baby Boomers about to begin enrolling in Medicare you may be in for some tough times. Recent stories in Financial-Planning.com and USA Today report that the number of doctors refusing new Medicare patients is reaching a record high—and it’s not expected to improve anytime soon, especially since last… Read More »
Posts Tagged: Elder Law
How to Tell If Your Loved One Needs In-Home Care (And What to Do About It)
It’s not always easy to know—or to admit—that a loved one is unable to fully care for themselves anymore. The signs develop gradually, and aren’t always easy to pick up on if you see your loved one on a daily or weekly basis. Often it’s the son or daughter who has moved away and comes… Read More »
Should A Bank Help You Care for Your Elderly Parents?
The influential Baby Boomer generation is aging, which means more and more of them are taking on the responsibility of caring for their elderly parents, and the Boomers are beginning to face up to the fact that they will need caregiving themselves in the not-so-distant future. Large banks are not immune to this trend—and the… Read More »
Can You Really Afford Long-Term Care Insurance?
The American Association for Long-Term Care Insurance recently released a report on the costs of long-term care insurance, and the results were surprising. Most people mistakenly believe that long-term care insurance is going to be expensive and difficult; but in fact, according to the report, “over one-fourth [of buyers under the age of 61] paid… Read More »
World Elder Abuse Awareness Day is June 15
As we age we become vulnerable. We begin to doubt our memories, our bodies are not as reliable as they used to be, and technological advances outstrip our abilities to keep up with them. With this vulnerability comes the opportunity for abuse. Unfortunately, elder abuse is becoming more and more common, both physically and financially…. Read More »
Stuck In The Middle: Caring For Aging Relatives
“Too rich for most government-funded social programs and not rich enough to pay for full-time, long-term care services.” Does this sound familiar? It is exactly the kind of financial situation most elderly find themselves in today, and one which requires many adult children who are still raising their own kids to also care for their… Read More »
Where Can Seniors Find “Home Sweet Home”?
Where you live is a defining aspect of your character throughout your life. Your “hometown” often plays a large part in the formation of your character; as adults we decorate our homes to reflect our interests, hobbies and loves; and the neighborhoods in which we choose to raise our children (city, farm, suburb) tell us… Read More »
How to Choose the Right Nursing Home
A recent article in the New York Times calls choosing a nursing home for your loved one “one of the hardest [decisions] you will ever make;” and yet it is a decision that almost all of us will have to think about eventually (whether for a grandparent, parent, spouse, or for ourselves.) It is a… Read More »
Help For Caregivers: 10 Steps Toward Taking Care of Yourself
The number of people serving as caregivers has exploded in recent years, and according to PR Newswire the number of caregivers now tops 65 million people (29% of the population of the US.) This includes people providing care for elderly adults, special needs children, young adults with disabilities, and more. These caregivers are people who… Read More »
Will You Be Able To Afford Old Age?
Are you ready for the financial implications that come with growing older? As the average American lifespan grows longer the cost of aging becomes more and more prohibitive. A recent segment on NBC’s The Today Show takes a close look at long-term care and the price individuals and couples are required to pay as age… Read More »