|
Long-term care refers to ongoing services and support needed when people can’t care for themselves. Those extended care costs can be significant: In 2021, the average cost of skilled care at home was $216 per visit, the monthly rate at an assisted living facility was $4,500, and a monthly stay in a nursing facility was $9,034.2 Let me tell you the average costs here are much higher. You may think government programs will pay for your long-term care, but consider this: • Medicare only pays for long-term care in specific circumstances. • Medicaid, also known as medical assistance, has certain restrictions, based on your income and assets.
If you think you’ll pay for long-term care, ask yourself:
That’s why it’s so important to start planning for your long-term care today. Start a long-term care conversation with your family and financial professional today. We have partnered with community resources to provide you the best in support. Ask our intake team how to complete a Care Plan screening so that you can get your resources. Find out more by registering for an upcoming class. |
Month: March 2024
Dad comes home and damages the other car in the driveway again. You know that he shouldn’t be driving but he refuses to discuss it. You are at that point where you need to talk to him but have no idea what to say or how to handle. It is time to gather all of the family together and discuss because he is refusing. Where do you even start?
My name is Lisa Doyle and I am a nurse, the founder of CayCare, Elder Care & Senior Living Advisors and a Geriatric Care Manager. Explore this stressful topic with me on a podcast, I Don’t Need that Yet. I take difficult subjects and discuss them in under 15 minutes.
If you are going through this stage in life where you need to think about your aging parents or a spouse with a critical condition then this podcast is for you. There is a subscription base that is month to month for an affordable way to get questions answered and a support system with other families.