When it comes to the care of a loved one, we want them to have the very best. Sometimes, the cost of care can get in the way of our hopes and dreams for our elderly family members, though. As much as price should not impact our decisions, … [Read more...]
How do People Pay for Care?
Paying for senior care is one of the most stressful, exhausting situations that people can find themselves in. Care is not cheap, and it is often absolutely necessary. Paying for care is a necessity, but it can seem like an impossible task. … [Read more...]
Insurance Companies Taking Seniors into Account
Humana is one of the biggest insurance companies in the United States, and it is increasingly recognizing that the senior citizen population is the fastest growing sector within their client base. Their newest project involves the opening … [Read more...]
Paying for Care–Broken Down into Steps
You know that your parent needs some sort of help getting through their day now that they are getting older and have more advanced physical needs. Assessing those needs from a financial point of view is a lot more difficult than just … [Read more...]
Questions to Ask
When you are looking for a senior care service for your mom or dad, you have a lot of questions. That’s good! Questions help you to narrow down which type of service or which caregiver is perfect for your parent. They help you to separate … [Read more...]
Less Obvious Questions to Ask Regarding Care
When beginning working with a senior care service, there are a lot of things to take into consideration. There are a lot of obvious concerns, of course. Is the care service going to help with my mom’s needs? Will they be able to get her to … [Read more...]
Social Security is a Main Source of Payment for Care
Social Security is a lifeline for many elderly individuals. The extra income per month that is provided by the federal government is oftentimes the only income that some seniors have, and for many it is far more helpful than any remaining … [Read more...]
More People Paying Out of Pocket for Senior Care
For those of us that have an elderly loved one that we care for, it might not be a surprise what a recent article from Financial Advisor Magazine uncovered: adults with an elderly family member receiving senior care are more likely to dip … [Read more...]
What do Senior Care Statistics Really Say?
Just looking at statistics often doesn’t help us to put together the big picture when it comes to how senior care will impact families. And there are a lot of statistics out there. For example, you’ve probably heard that about 52 percent of … [Read more...]
Moral Dilemmas and Paying for Senior Care
Care for an elderly loved one goes far beyond simple decisions. There is always an emotional side to the decisions that you will make when planning out senior care for a loved one. Ignoring this side of things is not only foolish, it is … [Read more...]
Paying for Care is a Real Struggle for Some
As we age, more access to health care will be needed, not less. Simple statistics illustrates this point for us. The longer we’re alive, the more likely we are to get sick, be in an accident, develop a chronic disease, or otherwise become … [Read more...]
Medicaid Pros and Cons
When a loved one moves into a nursing home, Medicaid (or Medi-Cal here in California) is one of the most often used methods of payments. Medicaid has benefits because it helps those with limited income to pay for medical treatments when … [Read more...]