Have you thought ahead about how you’ll afford long term care? Do you have a plan in place to qualify for MassHealth as soon as possible? If not, you could be setting you and your family members up for an unexpected surprise. Long term care expenses are only going up. Even with increasing longevity, most… Read More »
Posts Categorized: Long-Term Care Planning
Do You Have a Plan for Long-Term Care?
Are you one of the many Americans who plans to stay independent in your home for many years? It can come as a shock that you might suffer from some type of disability that leaves you in need of support from a long-term care facility. If your plan is for your children to take care… Read More »
What You Need to Know About Long Term Care Following an Incapacitating Event
A major concern for many clients today is what will happen if they require long term health care in a nursing home, but are no longer at the point where they can make important health care and financial decisions on their own due to a prolonged medical condition, serious injury, or dementia. This is particularly… Read More »
Is America Facing a Long-Term Care Crisis?
Are you prepared for how you’ll need to set up your future long-term care expectations? If not, you could be exposing your loved ones. Getting older requires considering tools such as powers of attorney, healthcare directives, and other estate planning documents. From the possibility of developing mobility issues, chronic diseases, Alzheimer’s or some other condition… Read More »
Three Ways to Pay for Nursing Home Care
Do you believe that your spouse or family member needs the support of ongoing nursing home care? If this is currently something impacting your family, you probably have many questions around the process and what option to pay makes the most sense for your situation. Whether you have a family member struggling with an Alzheimer’s… Read More »
What Will Long Term Care Cost Me in Massachusetts?
Some people are mistakenly under the impression that Medicare covers long term care services. Medicare does not pay for the vast majority of services under the umbrella of long term care. This includes custodial care, which is the vast majority of LTC services. Custodial care steps in when a person needs help with eating, walking,… Read More »
What Services Does an Elder Law Attorney Provide?
There are several reasons you might want to form a relationship with a lawyer who has experience in both estate planning and elder law. As your life evolves, what you need from an attorney could change, especially as you look towards retirement. Most elder law attorneys help you with a variety of legal concerns related… Read More »
Don’t Neglect Long Term Care Planning
A recent study of widows and widowers indicated that less than one out of five felt that their financial planner is providing them with appropriate information about long term care planning. Long term care planning is crucial for outlining your prospective risks and ensuring that you have a plan in place to address them if… Read More »
Medicare, MassHealth, And Planning For Long-Term Care
Many people are confused about the difference between Medicare and MassHealth as it pertains to the challenge of paying for expensive long-term care. This is not surprising. The two programs sound similar and both provide for medical care. Let’s start with a brief definition of each program. Medicare is an entitlement program. Everyone who reaches… Read More »
Long-Term Care Planning Should Occur Well in Advance
If you’ve been contemplating the benefits of long-term care, it’s well worth it to look at this issue many years in advance. Most people have heard on a regular basis about updates to Medicaid and Medicare. This information can be extremely confusing or even overwhelming for someone who does not know at what point in… Read More »