Long-term care is one of the biggest financial fears families face. The reality Nursing home care can cost: $12,000–$15,000 per month in Massachusetts Even more in some areas of Eastern and Central MA Without planning, families may be forced to sell their home. Medicaid planning basics Medicaid has strict asset rules There is a 5-year… Read More »
Posts Categorized: Assisted Living
What Is A Care Agreement
As individuals age, many require assistance with daily activities, and family members often step in to provide this care. To formalize the arrangement, families sometimes use a care agreement. This document, also known as a personal care contract, is an essential legal tool that helps clarify expectations and ensure that the caregiving process is fair… Read More »
What Is Long-Term Care Insurance?
Long-term care insurance (LTCI) is a specialized policy designed to reimburse policyholders a set daily amount for services associated with long-term care services. As individuals age or face chronic illnesses, they may require various types of care that standard health insurance and Medicare do not cover. LTCI can provide financial assistance for these services, offering… Read More »
Assisted Living Options: What Is a Private Apartment?
When it comes to assisted living options, there are several different kinds of ways that you can move an elderly loved one into a facility that allows them to live an independent lifestyle while still getting the support that they need. One such example is a private apartment. Many assisted living facilities all over the… Read More »
Questions to Ask Before Selecting a Nursing Home or Assisted Living Facility for an Alzheimer’s Patient
If your parent has recently been diagnosed with Alzheimer’s or dementia, you have a lot of factors to consider going forward. If you or other family members are unable to step in and provide the necessary day-to-day care for your loved one when it becomes needed, it is important to think in advance about the… Read More »