When many people hear the term “foster care,” they typically think of the child foster care system. An adult foster care home is a place where older adults who can no longer live independently live with a homeowner who provides the care services they need. Each adult foster care home is licensed by the state.
Care in a private home offers a positive setting for the elderly, aging, and those with disabilities. Adult foster homes offer different levels of care based on an individual’s care needs.
Learn more about the benefits of adult foster care and why this setting may be a great choice for your elderly loved ones. Continue reading
If you live an hour or more away from someone who needs care, you’re considered a long-distance caregiver. Care can take many forms, from arranging in-home care to helping with money management or planning for emergencies.
While long-distance caregiving poses its unique challenges, here are six tips to help you succeed. Continue reading
Before you make the jump to a hybrid long-term care policy, get to know the true cost of foregoing traditional long-term care coverage. While there’s a time and a place for hybrid products, here are the reasons why many choose traditional long-term care insurance instead. Continue reading
While many debate the exact millennial generation time period, demographers and researchers typically consider millennials to be born in the early 1980s through the mid-1990s or early 2000s. Millennials were the first generation to grow up with computers and technology and became the creators of well-known technology companies such as Facebook, Google, and Instagram.
So, what do millennials think about long-term care, and when do they need to consider it for their own future? Continue reading
Maybe you’re aware of the financial risk of a long-term care event but haven’t pulled the trigger and applied for coverage yet. Life will always have its challenges or busy seasons to distract us, but it’s never a good idea to wait too long to secure coverage for yourself or a loved one. The following are five reasons you shouldn’t delay in getting the long-term care insurance (LTCI) coverage you need. Continue reading
Fraud is a real problem many people face today. However, many are surprised to discover that fraud can even take place in the long-term care insurance market. Long-term care insurance fraud can appear in several forms. Continue reading
As of June 2018, Marijuana has been legalized for recreational and medical use in nine states and for medical use in an additional 19 states. More states are likely to join the list as marijuana use becomes increasingly popular both medically and recreationally as well as being a profitable business venture.
More adults in the U.S. are single than ever before and the numbers continue to rise. Of those who are single, nearly 53% are women. While being single has its positives, it can also come with challenges when it comes to money and finances.
In fact, nearly one-third of women are worried about their finances based on research by Fidelity Investments. Their research revealed single women are the least likely demographic to have a financial plan for paying down debt and setting savings goals.
An important consideration for single women during the retirement planning stages is whether it makes sense to buy Long-Term Care insurance (LTCI). With nearly 70% of people needing some form of long-term care in their lifetime, it’s important to start planning early, including how you’ll pay for care. Continue reading
Each year in June, the Alzheimer’s Association draws awareness to the disease impacting 5.7 million Americans. Alzheimer’s and dementia impact not only the patient but entire families and friend groups. The Alzheimer’s Association makes it their goal to bring Alzheimer’s to the forefront of people’s minds and raise funds and support to find a cure for debilitating brain diseases.
Learn more about common brain diseases including advances in treatment and ways you can take part in helping bring an end to Alzheimer’s disease. Continue reading
A long-term health event can happen to anyone, and the chances of an event occurring only increase as we age. In fact, it’s estimated 70% of people over age 65 will need some form of long-term care in their lifetime. The problem is, home care or care in a facility is expensive and can deplete a family’s savings quickly.
That’s where long-term care insurance comes in. Individuals and families can transfer their risk to an insurance company to pay for or help cover the cost of long-term care services.
However, not everyone in their retirement planning ages can afford the insurance coverage they need. In some cases, children may step in to pay for long-term care coverage for mom or dad or both. Continue reading