- Alzheimer’s Care
- Care Facility Evaluation Checklists
- Communicating with Loved Ones
- Downsizing Your Home
- Essential Documents
- Home Modification
- Hospitalization
- Paying for Care
- Respite
- Tips for Easy Moving
- Weighing your Housing Options
Paying for Senior Care with the Inheritance
As a financial planner for the elderly, one of the issues that I am frequently confronted with is the spending down of the inheritance to pay for the high cost of eldercare. All too often, when an aging person’s health and care needs require important difficult financial changes to be made, the adult children’s sense of financial bequest and expectation misdirects their decisions and actions, negatively impacting the quality of care received by their elderly parent. Many elderly people...Read the rest of this article »
Assisted Living Explained: What They Are, What to Expect, How to Pay For One & How to Find One
What They Are Assisted living is a general term used to describe residential facilities that provide care for individuals who cannot live independently, but do not require twenty-four hour skilled nursing care. These facilities typically serve individuals age sixty and older, although younger persons with similar needs may be served as well. Some facilities also offer Alzheimer's and/or dementia care. Here is some more specific information about Alzheimer's care facilities. There are two types of assisted living facilities: Large-scale...Read the rest of this article »
Continuing Care Retirement Community (CCRC) Explained: What They Are, What to Expect, How to Pay For One & How to Find One
What They Are A CCRC, also referred to as a life-care community, combines residential accommodations with health services. The purpose of a CCRC is to allow residents to receive the appropriate care across a continuum, from independent living to assisted living and skilled nursing care, as their needs change, without having to leave the retirement community. This ensures that residents will be cared for through end-of-life. CCRCs usually charge residents an entrance fee as well as a monthly payment....Read the rest of this article »
Adult Day Care Explained: What It Is, What to Expect & How to Pay for It
What It Is Adult day care provides a safe and caring setting for adults within a social model program. Programs are structured and designed, often through the development of a personal care plan, to cover the daily individual needs of each participant, including a variety of social and supportive services. Participants may be physically, mentally or functionally impaired, or they may simply need companionship or supervision during part of the day. What to Expect Day care is based primarily...Read the rest of this article »
Nursing Homes Explained: What They Are, What to Expect, How to Pay For One & How to Find One
What They Are Nursing homes or convalescent homes are also known as skilled nursing facilities, or SNFs (pronounced "sniffs"). SNFs are live-in facilities that provide medical treatment prescribed by a physician. These nursing care facilities cater to several types of patients: some patients require short-term rehab while recovering from surgery; others require long-term nursing and medical supervision. In addition, some SNFs offer specialized care programs for Alzheimer's or other illnesses, or short-term respite care for frail or disabled persons...Read the rest of this article »
