Medicare is an important program to the elderly citizens in the Ohio Valley. However, there are some common misconceptions surrounding what Medicare will actually cover when it comes to long term care and other senior care needs. Many long term care options revolve around non-medical support services. Since so much of long term care is […]
It surprises most seniors to learn that their life insurance policy is considered an asset when they are trying to “spend down” to qualify for Medicaid. Though life insurance is meant to be spent after death or to be left to those we love, governmental organizations considers any policy worth more than $2,000 to be […]
Reverse mortgages are an often misunderstood tool that seniors can use to make home modifications, pay for long term care, and provide senior care that would otherwise be unaffordable. Reverse mortgages aren’t the best option in every situation, but its ability to provide much needed dollars without immediate payment offers relief to many elderly homeowners. […]
Long Term Care Insurance (LTCI) began just over 30 years ago, so it is a relatively new product in the insurance market. While only around 8% of Americans have purchased LTCI, rising life expectancies and senior care costs have interest in LTCI at an all-time high. Long Term Care Insurance pays a specific daily benefit […]
The baby boomers are starting to retire, and America’s senior population is expected to double in size at a rate of 10,000 seniors turning 65 each day for the next 20 years according to the National Institute of Aging (NIA). With the average age of the Ohio Valley’s population continuing to rise ahead of the […]
When considering in-home care, there are various options and resources for funding. In many cases it is even possible to use multiple sources together. The following is a summary of the various options available for paying for Ohio Valley in-home care: Private Pay Private pay rates can vary from agency to agency. Keep in mind […]
