Incapacity planning is something to take very seriously when you are putting together a comprehensive plan for aging. Clearly, you are not going to be especially anxious to envision a time when you may not be able to make decisions on your own. At the same time, everyone ages, and incapacity is quite common among people who have reached an advanced age. If there was no other cause of incapacity, Alzheimer's disease alone would make incapacity planning an absolute must for serious … [Read more...] about How Is Property Managed When Someone Becomes Incapacitated?
Elder Law
We're Still Healthy, Is Medicaid Planning Relevant?
When you are preparing for the eventualities of aging Medicaid planning may well be relevant. This is because of the fact that Medicare doesn't pay for long-term care, and most people will need help with their activities of daily living eventually. It is not a simple matter of getting out your checkbook. If you combine the average length of stay with the average cost of nursing home care the figure is going to be in the vicinity of $200,000 using today's prices. The costs of … [Read more...] about We're Still Healthy, Is Medicaid Planning Relevant?
Indiana Medicaid Planning: When Is it Too Late?
Medicaid planning is something that is often overlooked, but when you consider the rapid aging of the population coupled the present state of the economy it is relevant to a high percentage of Americans. Because of the maturation of the baby boomer generation our population is aging very rapidly. There are about 10,000 people becoming eligible for Social Security every day. Projections suggest that this number of applications is going to be submitted to the Social Security … [Read more...] about Indiana Medicaid Planning: When Is it Too Late?
Can't I Just Give Away My Assets and Qualify for Medicaid Benefits?
There are people who don't understand why Medicaid would be something that is relevant to senior citizens. You work all of your life and payroll taxes are deducted from your wages or salary. These taxes are going toward benefits that you become eligible for when you are a senior citizen. These would include Social Security and Medicare. Medicaid is a health care safety net that is in place for people who have virtually no financial resources. Why would a person who is eligible for Medicare … [Read more...] about Can't I Just Give Away My Assets and Qualify for Medicaid Benefits?
Medicare and Medicaid in Indiana: What's the Difference Between Them?
When you're planning ahead for your retirement years you should know everything that you need to know about the government programs such as Medicare and Medicaid in Indiana, that are available for seniors. You should also consider the twilight years that follow the active retirement years if you want to be comprehensively prepared. Some people are confused about Medicare and Medicaid. They are not different facets of the same program. In this post we would like to provide some … [Read more...] about Medicare and Medicaid in Indiana: What's the Difference Between Them?
Retirement Planning in Indiana: Know the Facts
When you are looking forward toward retirement and otherwise preparing for the eventualities of aging you need to know all of the relevant facts about retirement planning in Indiana. One of the best ways to go about this type of planning is to do it with the assistance of a licensed elder law and retirement planning attorney. This having been stated, there is a certain amount of research that you can do online to prepare for your consultation so you can ask the right questions. We … [Read more...] about Retirement Planning in Indiana: Know the Facts
In-Home Care Giving
The subject of long-term care is something that families should ideally discuss as a group. The majority of people in the United States are eventually going to need assistance with their activities of daily living. This is a matter that is relevant to all of us, and it is wise to talk about it openly as you make practical preparations for the future. Your first thought may be that you will simply have Medicare pay for a stay in an assisted-living community or nursing home if you need … [Read more...] about In-Home Care Giving
Medicaid Questions Answered
Because of the fact that so many people are seeing their senior years start to come into focus there are a lot of questions about government programs like Medicare, Medicaid, and Social Security. We would like to look at three of the more commonly asked questions about the Medicaid program as it applies to senior citizens. 1.) I have worked all my life and I will be qualified for Medicare. I've heard Medicaid is relevant to seniors. Why is this? The reason why Medicaid is … [Read more...] about Medicaid Questions Answered
Elder Care Robots Being Developed
Sometimes statistics paint a grim picture, and this is certainly true when you look at the state of elder care. The costs are exorbitant, and Medicare doesn't pay for an extended stay in a nursing home or assisted living community. As a response many people who need help with their day to day needs rely on family members and/or friends to provide in-home assistance. In fact, this is where most of the care that is required comes from, but sometimes it is not enough. In-home … [Read more...] about Elder Care Robots Being Developed
How Will You Pay for Long-Term Care?
When you are a younger adult who has never had any trouble getting around the subject of long-term care can seem completely irrelevant. However, those who are currently residing in a nursing home or assisted living community probably felt the same way at some point in time. It is important to look ahead toward the eventualities of aging if you want to be comprehensively prepared for the future. Long-term care is actually going to be needed by about 70% of people in the United States … [Read more...] about How Will You Pay for Long-Term Care?
