Planning for Eldercare

Holiday Blues – Depression in the Elderly The holiday season is quickly coming upon us. If you are a caregiver for an elderly loved one, you may notice a change in your loved one’s mood as the holidays approach. Perhaps you are one of many, who visit elderly parents and family during the holidays who…

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Misconceptions About Who Pays for Long Term Care

A large majority of the American public still believes that the government will provide long termcare when needed. It is this misconception that most likely prevents people from doing any planning at a younger age for the future need for care. According to the National Care Planning Council, (www.longtermcarelink.net) many people believe they can give…

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The Tax Deductibility of Long-Term Care Insurance Premiums

Qualified long-term care insurance policies receive special tax treatment. To be “qualified,” policies must adhere to regulations established by the National Association of Insurance Commissioners. Among the requirements are that the policy must offer the consumer the options of “inflation” and “nonforfeiture” protection, although the consumer can choose not to purchase these features. The policies…

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Home Ownership Options for Seniors

For most seniors, the family home is their most important asset and selecting the best ownership option is of critical importance. A senior may ask these questions. “Should I give my home to my children now?” “If I add my children to the title, what happens if they divorce, have creditor problems or become estranged…

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Role of a Care Manager

Also known as Geriatric Care Manager, Professional Geriatric Care Manager, Elder Care or Aging Care Managers, a Care Manager represents a growing trend to help full time, employed family caregivers provide care for loved ones living close by or living far away. Care managers are also particularly useful in helping caregivers at home find the…

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