Long-term care is usually most affordable for the extremely wealthy who have significant resources or the very poor who rely on their state's Medicaid benefits. However, middle-income people often deplete their savings or sell their homes to cover their care costs....
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Are you legally liable for your parents’ long-term care bills?
With long-term care costs averaging $12,000 to $14,000 per month, many seniors run out of savings to pay these expenses. In some cases, when parents are unable to pay long-term care costs, facilities may pursue their adult children for payment. Are you legally liable...
4 tips for choosing the right nursing home for your loved one
If it is time to consider a nursing home for your mom or dad, you want only the best. Considering the high costs of care, you need to find a facility that meets your parent’s requirements as well as your own comfort level. Here are four tips to get you started. 1....
How can Medicare’s five-star nursing home rating help in selecting a facility?
Few mid-life decisions are more important than choosing the right nursing home for an elderly loved one. After all, while there may be a budget to consider, you also want to find a facility that provides top-level care for those who mean the most to you. Regrettably,...
How much does long-term care cost?
Long-term care is the assistance you receive as you age and can no longer take care of all your needs on your own. Not everyone will need long-term care. You may be independent and healthy enough to avoid it as you age. However, most people will need it at one time...
Understanding the different types of care facilities
When discussing care facilities, people often use the terms “nursing home,” “retirement home,” “senior housing” and “assisted living” interchangeably, which can make choosing a community more confusing. In fact, each of these terms refers to a specific type of housing...
What are the options for long-term care funding?
Long-term care may not want to be something about which you want to think, but it is one of those things for which it is better to prepare than to ignore. This type of care can be expensive. While you do not know what type of care you may need, it is helpful to...
Steps to take when a loved one shows signs of dementia
When you suspect a parent has Alzheimer's disease or dementia, you may fear having your worries confirmed by a doctor's diagnosis. However, getting care early when a person shows memory loss and other symptoms can sometimes help preserve brain function and slow the...
Parkinson’s Disease: What you should know
When you have a parent, loved one or close friend who suffers from Parkinson’s disease, you want to ensure you make the best decisions possible regarding their care. Understanding how Parkinson’s disease affects people and those around them may guide you in your...
How can you bring up nursing home care to your parents?
It is not easy to bring up the topic of assisted living care with your parents. As your parents age, they may have several health problems and health risks. Over time, it can become necessary for them to have access to 24-hour care. How can you have this...
