Medicare Information – Year 2009

Deductibles, Premiums & Co-payments Part A – Hospital Insurance Per Benefit Period Hospital Deductible $1,068 per benefit period Hospital Coinsurance $267 per day for days 61-90 Lifetime Reserve Days $534 per day for days 91-150 Hospital Insurance $443 per month with less than 30 quarters Premium for individuals $244 per month with 30-39 quarters This…

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Caregiver Burnout

If you are a primary caregiver for a loved one, you are well aware of the daily stress and emotional and physical impact it can have on your health. Susan learned this first hand when she and her husband, Tom, brought his Mom home to live with them. Mom suffered from dementia and had to…

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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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