Assisted living facilities are meant for senior citizens and the disabled who require housing, and assistance with activities of daily living (ADLs) such as bathing, dressing, and assistance with taking medicine.
Elder Care Services – Determining Your Level of Care
There are many different levels of care available for the elderly. This article examines and explains various types of elder care services.
Making the Nursing Home Choice
While placing a loved one in a nursing home is a difficult decision, there may come a time when it is the right one. Here are some things you need to know and some helpful hints.
Medication and Older Adults
Of all the problems older adults face in taking medication, drug interactions are probably the most dangerous. There is also evidence that older adults tend to be more sensitive to drugs than younger adults are, due to their generally slower metabolisms and organ functions.
Medicaid Asset Protection
As tax preparation time begins, many seniors are asking to include Medicaid asset protection as part of their tax planning strategies. For those of you not familiar with the 2005 Tax Reduction Act, some of the provisions address specific transfers by seniors under the new Medicare nursing home provisions. Under the new provisions, before a senior qualifies for Medicare assistance into a nursing home, they must spend-down their assets. These new restriction have a 5 year lo…
How The Nursing Home Spend-Down Program Affects You And Your Family
Your Federal Government has mandated (as of June 30, 2006) that before you qualify for nursing home care, you must spend-down all of your assets. These restrictive new rules are designed to impoverish the healthy spouse. They have mandated a 5 year look-back, that means you better have done something to protect your assets 5 years before you become sick.
IRS Issues Long-Term Care Insurance Premium Deductibility Limits for 2006
The Internal Revenue Service has announced the 2006 limitations on the deductibility of long-term care insurance premiums from taxes.
Premiums for “qualified” long-term care policies are treated as an unreimbursed medical expense. These premiums are deductible to the extent that they, along with other unreimbursed medical expenses exceed 7.5 percent of the insured’s adjusted gross income.
What Senior Citizens Need To Know About Private Long Term Care Insurance
This comprehensive article examines the issue of long term care and how LTC Insurance should be used to help with some of the costs. First, long term care is defined; and financial issues are outlined. Then the “when, where, what and why’s” of Long-Term Care Insurance are discussed.