Long-term care insurance (LTCI) is a specialized policy designed to reimburse policyholders a set daily amount for services associated with long-term care services. As individuals age or face chronic illnesses, they may require various types of care that standard health insurance and Medicare do not cover. LTCI can provide financial assistance for these services, offering… Read More »
Posts Categorized: Long-Term Care Planning
Do Single People Need An Estate Plan?
When it comes to estate planning, many people assume it’s only necessary for those who are married or have children. However, this misconception can leave single individuals vulnerable and unprepared for the future. Having a comprehensive estate plan is crucial whether you are single by choice, circumstance, or life stage. Here’s why: Control Over Your… Read More »
How Do I Plan For A Future with Alzheimer’s Disease?
Acquiring a diagnosis of Alzheimer’s disease can be overwhelming, both for the person diagnosed and their loved ones. While the journey ahead may seem uncertain, it is important to take proactive steps to ensure that your needs will be met in the future. Planning early can significantly improve your quality of life and reduce the… Read More »
Aging in Place in Massachusetts — How to Support Your Elderly Relatives
As our loved ones age, the desire to age in place—remaining in their own homes for as long as possible—becomes increasingly important. In Massachusetts, resources and strategies are available to help elderly relatives maintain their independence and quality of life while staying in familiar surroundings. Today, we will examine how you can support your elderly… Read More »
Updating Your Massachusetts Estate Plan: Key Steps Before the New Year
As 2023 draws to a close, it’s a perfect time to revisit your Massachusetts estate plan andensure it’s up-to-date and aligned with your current wishes and the latest legal requirements.Estate planning is an ongoing process, and making the necessary updates before the new yearcan provide you with peace of mind and protect your legacy. Today… Read More »
What Are the Most Important Planning Steps For Someone With Alzheimer’s To Take?
Legally there are many important issues to be considered when a loved one develops Alzheimer’s. If proper estate and long-term care planning have not already been completed, these should come to the top of the priority list. It is very normal for family members to feel overwhelmed by all of the aspects of legal planning,… Read More »
What Do Nursing Homes Cost In Massachusetts?
Have you thought about the possibility of needing long term care to support you? If not, you may need the help of a Massachusetts Medicaid or elder lawyer to help you to create a custom plan. According to data, 17% of the state’s 6.8 million residents who are over age 65 lived in nursing facilities… Read More »
Study Shows Real Costs of Long-Term Care
Year over year the cost of getting long-term care support continues to rise. Many people do not anticipate needing this form of support in their retirement or later years, and it can cause significant disruptions to their savings or income streams in place. Assisted living costs saw a 6.15% increase in just the last year…. Read More »
What Are ADLs & What Do They Have to Do with Long Term Care?
If you or a loved one is in the process of attempting to qualify for long term care support in Massachusetts, there will be several different terms with which you’ll need to become familiar. One of these is ADLs. ADLs refer to activities of daily living and the evaluation of these ADLs can help you… Read More »
Did You Know Medicare Doesn’t Cover Most Long Term Care?
What happens if you or a loved one need to stay in a Massachusetts nursing home? Do you have a plan? If you are planning ahead for the future of your older years and are assuming that Medicare might pick up the tab, if and when you need a nursing home, that’s not always the… Read More »