Senior care is expensive. There’s no sugar coating that fact, unfortunately. Even if you decide to leave your fulltime job to provide care for a loved one, you are paying quite a bit to do so, albeit in the form of an opportunity cost. … [Read more...]
Long Term Care Insurance Declining
Despite all of the attention that the aging of the United States population has received, the amount of interest that people have in long term care insurance is rapidly decreasing. A few years ago, as the trend of the growing senior … [Read more...]
Concerns with Family Caregiving
The AARP has released some data that is probably well known to many of us by now: the majority of older Americans receiving senior care are assisted by their adult children. For those that have a senior citizen family member that needs … [Read more...]
Saving with Long Term Care Insurance
According to Genworth Financial, the median cost for a year in a nursing home is up over $91,000 now. Depending upon where you live, it may be more or less expensive, but the general theme is the same: nursing homes are very costly. Because … [Read more...]
What to Know About Long Term Care Insurance
Insurance is always a good idea in hindsight, but did you know that with long term care insurance, you can save thousands of dollars by purchasing a policy years before you think you should actually buy one? However, there are certain … [Read more...]
Affording Long Term Care
Are you having problems affording long term care for an elderly loved one? Or, do you have concerns about how you would pay for it in the future? There are a number of options available to you that can either lower your costs or eliminate … [Read more...]