As the need for long-term care increases, innovative ideas are taking root.
Consider putting a caregiver contract in place so you can get paid by your parents for the time you put in as their caregiver.
Women spend 14 years out of the workforce as primary caregivers with losses to defined benefit contributions, and years with no Social Security earnings.
Long-term care premiums are rising in many states. Seniors are letting policies lapse and not just for financial reasons. Is Medicaid the backup plan?
A proposed rule would allow Medicare to reimburse physicians for having end-of-life consultations with their patients.
For people who plan to rely on Medicaid for long-term care, knowing the differences in the states’ coverages may be a factor in deciding where they want to live in retirement.
The problem with self-insurance is that you don’t know when you’ll need the coverage. It’s not just for seniors; many people aren’t saving enough for retirement now.
Medicaid/CHIP enrollment rising as growing number of states expand Medicaid under Obamacare.
Seniors can have a power of attorney in place, a health care directive and a will, but all of that planning can be overturned by a guardianship being established by a nursing home.
The National Council on Aging has a to-do list for Congress to ensure more older Americans achieve health and economic security.