Long-Term Care Planning

How do you remain independent during retirement?

Many of you have taken care of your financial security to be able to retire. However, there are many other issues that you will face in retire- ment that affect your quality of life.

Quality of life can be defined by the way you handle or acclimate to sudden changes in life.    If you plan ahead, you will have an easier time handling circumstances before they become a crisis.

Let's look at ways a prolonged illness or injury may affect the quality of life for you and your spouse.

What is long-term care? 

Long-term care is the type of care you or someone in your family may need if they are unable to take care of themselves. For example, you may need help getting dressed, preparing a meal or taking a bath...learn more

Who pays for long-term care? 

There are many misconceptions about who pays for long-term care. The fact that Medicare and most major medical plans only pay for skilled care leaves most of us wondering who pays for long-term care?

Medicaid is an option available for those who have little or no assets to pay for long-term care services. You should consult with an Elder Care Attorney for Medicaid planning. Medicaid rules can be found in our Medicaid section.

What about your health?

As you live longer, being able to manage the quality of your health and the cost of health care can be your greatest challenge.

Medicare will be your primary health insurance that will pay for your doctor visits or stays in a hospital...learn more

Medicare will pay for skilled care that you may receive after a hospital stay or rehabilitation after an injury. However, the length of time for this coverage is limited. Medicare will not pay for custodial care once you are able to manage with minimal assistance. Here is how Medicare pays for long-term care.

Medicare Supplements help pay for deductibles  and co-pays that are your responsibility.

Medicare will now cover your prescription drugs.  under Prescription Drug Program. 

Information about any Medicare program can be found in our Medicare Guides section.

Do you know anyone that is having problems paying for their prescription medication? 

For those having problems paying for medications once they reach the new Medicare "donut hole," or take several name brand drugs, there may be a Prescription Assistance program that will help pay for some or all prescriptions. 

Note: State-sponsored or pharmaceutical company assistance programs generally have higher income qualification guidelines than Medicare. Therefore some who will not qualify under Medicare may well qualify for State or private assistance programs. 

 Are you a Caregiver? 

Are you taking care of a family member or friend? 

Do you need help providing that care?

Are you worried about your loved one when you are at work?

Do you need help understanding how their Medicare or health insurance works?

Do you need legal or financial advice?

If you answer "yes" to any of these questions. We can help. 

Click here to learn more

How will you pay for long-term care?

With the "Baby Boomers" heading into  their retirement years, we know that cost for long-term care will be rising, so we will need to look at the cost today to plan for tomorrow's care.

Learn more about the options you have to pay for long-term care services.

What can you do to protect yourself?

You can transfer the financial risk to long-term care insurance. Long-Term care insurance will give you the financial resources to allow you to remain at home and independent while you decide how you receive care...learn more

Need help with Mom or Dad? 

Are you taking care of an aging parent? We know that everyone wants to take care of their parents. However, we may be able to provide    you the resources to make your caregiving responsibilities a little easier...learn more

You can find an easy layout of all the topics of this site on our site map.

New! Caregiver Resource Network this is a free service that provides a network of people that provide solutions to the complex issues such as insurance, financial security, housing, health and legal matters. 

10 Tips For Talking to Your Aging Parents a guide to help you discuss issues with your parents.

Caregiver Guides that help give practical suggestions and useful tools for those faced with taking care of a friend or family member needing long-term care.

Medications and the Older Adult will help you understand your prescriptions and the Medicare Part D program.

Medicare and You 2008 is the official government handbook for Medicare brought to you by the Centers for Medicare & Medicaid Services. 

Top