How Will the Aging Middle Class Afford Long Term Care?

How Will the Aging Middle Class Afford Long Term Care?

As we age, the simple things we once took for granted become more difficult — and more expensive. That’s a truth all of us know. What you may not realize is that the aging middle class will face unique difficulties going forward. The private market offers...
Long Term Care: When an Inheritance is Not a Good Thing

Long Term Care: When an Inheritance is Not a Good Thing

Consider the situation where your spouse is living in a nursing home because he or she has advanced Parkinson’s Disease. Your spouse is currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t...
Could Failing Health Cause the Loss of a Home?

Could Failing Health Cause the Loss of a Home?

Home ownership is the American Dream. People work hard all their lives to own a home, and it is often their most valuable and significant possession. So when health begins to fail and the need for long-term care arises, we often get this fear-filled question from our...
Could a Hybrid Policy Meet Your Long-Term Care Insurance Needs?

Could a Hybrid Policy Meet Your Long-Term Care Insurance Needs?

You have probably heard about the astronomical costs of nursing-home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet either, if you’ve heard...
What You Should Know Before Signing a Nursing Home Contract

What You Should Know Before Signing a Nursing Home Contract

Suppose your mother can no longer make decisions for herself and she now needs nursing-home care. You are stressed and anxious. The nursing home puts a twenty-page, single-spaced contract in front of you. You wish you could flip straight to the last page and sign then...