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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Your Power of Attorney

For most people, the durable power of attorney is the most important estate planning instrument available–even more useful than a will. A power of attorney allows a person you appoint — your “attorney-in-fact” — to act in your place for financial purposes when and if you ever become incapacitated. In that case, the person you…

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Medicare Home Health Benefits

Seniors Often Must Fight for Medicare Home Health Benefits Medicare is mandated to cover your home health benefits with no limit on the time you are covered. Unfortunately, few Medicare beneficiaries get the level of service they are entitled to and many find their services cut off prematurely. Getting these benefits can be critically important.…

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Nursing Home Facts

Nursing Home Myths and Realities   Myth: Medicaid does not pay for the service you want. Reality: Medicaid residents are entitled to the same service as other residents.   Myth: Only staff can determine the care you receive. Reality: Residents and family have the right to participate in developing a care plan.   Myth: Staff…

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