Studies by the American Association of Homes and Services for the Aging (AAHSA), a not-for-profit group that studies elder care, 70% of people who reach age 65 require long term care at some point in their lives. Some of this care is provided in the home, some in assisted living facilities, and some in nursing homes. According to an October 2007 study by the MetLife Mature Market Institute, the average cost of a private room in a nursing home is $77,745 a year. The average stay . More »

What are tax deductible medical expenses? Tax-deductible medical expenses may include the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. They may also include the costs of equipment, supplies, and diagnostic devices needed for these purposes. Dental expenses are also covered. The incurred expenses must be primarily to alleviate or prevent a physical or mental defect or illness. Expenses that are merely beneficial to general health are not included.

What is long . More »

In your twenties, thirties or forties and healthy? Now is the time to consider long term care insurance while you can qualify for preferred rates, which is a code word for substantial discounts, due to both your age and your perfect health.

Long term care insurance is just not for the old. How many persons do you read about that have been injured in car or sporting accidents? In many cases these are young people. Who takes care of these young people when they are seriously injured and require days, months or years of care? In many . More »

For those of you unaware of what long term care insurance is, here is a quick rundown. This is a type of insurance that can pay for medical expenses that arise beyond the typical medical or nursing expenditures. It normally is used for people who have long term medical disabilities. Costs outside of medical and nursing expenditures can increase very quickly and overwhelm any person without significant resources. That is where long term care insurance comes into the picture. An example of different things long term care . More »

Long term care of elderly is everyone's concern since it will most likely affect you or a loved one. In this article I'll respond to 6 questions that encompass your long term care (LTC) concerns: What is LTC? Who needs it? Who provides help for it? What's the cost? Who pays for it? What should you do about LTC?

What is LTC?

You need LTC when you need help carrying out your activities of daily living (ADLs) for the foreseeable future. For seniors, this most likely means for . More »

Long term care insurance is a protection against the high costs of health care.

It is a well known fact that long term illness can wipe out a families savings and long term care insurance or nursing home insurance is promoted as a safety net in case a person requires long term care due to a long illness or accident.

Long term care policies have many benefits:

1. The policy will cover nursing home care or even care at home. Most policies cover home health care, . More »

Here’s how to make sure your long term care is taken care of for the rest of your life, guarantee that you will never run out of money and not disinherit your kids. A tall order, you say. Yes, but in certain situations all three of these can have a happy ending. Here’s a more than typical scenario… Ruth is 88. She has been diagnosed with moderate Alzheimer’s. Other than that, she is in pretty good health for an 88 year old. Her doctor tells her she’ll live . More »

Many people have the hope of staying in their homes for a lifetime, especially as they grow old. It is usually possible, but there are certain periods in life when people may need a little more help - mainly when it comes to shopping for food, cooking, or even taking a bath - and these periods tend to fall between the eighties and nineties. Other people need help even more frequently and this could mean that it is the right time to move to a geriatric . More »