As the population of America ages, there is a retirement issue many Americans don’t realize exists. This issue involves long term care. One of the ways of dealing with long term care issues is to purchase long term care insurance. Long Term Care Expenses In the Metropolitan New York area, nursing home expenses run between $10,000 to $12,000 per … [Read more...]
The Financial Cost of Medicaid
During the past twenty years, the medicaid expenses faced by every state in the country has been staggering. As more Americans lose their jobs, they turn to medicaid for basic medical treatment. New York State Medicaid Problems In New York State, more than 4.5 million residents are covered by medicaid. It is projected that more than $52 … [Read more...]
Caring For An Elderly Parent
Americans today are living longer than prior generations. As individuals grow older, their needs may increase. Long-term care often involves children caring for their elderly parents. Children who have careers and/or families of their own may find it difficult to help care for their parents as they grow older and infirm. Healthcare Aids and … [Read more...]
Paying for Nursing Home Care
It is impossible to predict whether a family member will require long term nursing home care but one thing is certain. Medicare will not pay the cost of long term nursing home care. Alternative methods of paying for nursing home care may involve long term care insurance, paying out of your pocket, or qualifying for Medicaid. In the event you … [Read more...]
Long Term Care Hospitals – A Capitalist Solution
During the past quarter of a century there have been over 400 long term care hospitals built in the United States. These hospitals do not provide acute care for specific illnesses. They are, generally speaking, holding facilities for individuals who are too sick for nursing homes but not sick enough for regular hospitals. Patients often stay for … [Read more...]