Will You be a Financial Burden to Your Adult Children?

Lois has a long history of money mismanagement, but she’s gotten much better about saving money as she’s gotten older. When her mother died, Lois inherited a modest sum, and was quite disciplined with the money. She didn’t buy the … [Read more...]

2019 Key Elder Law Dollar Amounts

Every year we release the key dollar amounts that are frequently used in elder law, including Medicaid figures, long-term care insurance deductibility limits, Medicare premiums, Social Security Disability, and Supplemental … [Read more...]

Things You May Not Know About Long-term Care

            With nearly 10,000 baby boomers turning 65 every day from now until 2030, long-term care is a top concern of current and soon-to-be retirees, or at least it should … [Read more...]

Hospitals Must Tell Medicare Patients If Care Is ‘Observation’ Only

Q. My father was in the hospital last month due to a fall in the stairwell at my parent’s split-level home. My mother wasn't able to lift him herself, so the ambulance came to assist her. They thought he seemed weak and out of … [Read more...]

How to Find the Best Nursing Home for Your Loved One

Q. We are looking for the right nursing home for my mother, but I’m having trouble knowing whether to trust the ratings I see online on the federal government’s Nursing Home Compare website. For instance, there’s a nursing home … [Read more...]

Critter Corner: Red Flags When Choosing a Nursing Home

Dear Ribbit, We are currently looking for a nursing home for my father and we narrowed it down to two. I have made several visits and interviewed staff and residents using your Nursing Home Evaluation Tool. There were certain … [Read more...]

New Resource Will Help Consumers Connect With LTC Insurers

Since 1990, nearly 10 million Americans have purchased a long-term care insurance policy. Unfortunately, when the policies were needed 15-20 years later, many of these people (or their adult children) couldn't find the copies of … [Read more...]

Critter Corner: When Should I Plan for Long-Term Care?

Dear Angel, I read somewhere that I should start planning for long-term care now. I am only 40. That seems young. Is this correct and why? Thanks! Jus Fortee --- Dear Jus, What you read is correct. Advisors … [Read more...]

Do CCRCs (Life Plan Communities) Have a Capitalization Problem?

By Jack Cumming Starting a senior housing enterprise or opening a new facility requires sizable investments in real estate, planning, building, and marketing. It is capital intensive. It is also a trust business in which aging … [Read more...]

Critter Corner: Can I Use a Health Savings Account to Pay for Long-Term-Care Insurance or a Hybrid Life Insurance Policy?

Dear Angel, I have a Health Savings Account through my work. Can I withdraw money tax-free from my health savings account to pay my long-term-care insurance premiums? If I can, is there a limit to the amount I can use? Does it … [Read more...]