The takeaway: Medicaid foots the bill for 62% of all nursing home residents. Everybody else is paying over $100,000 a year. To be one of the 62%, you need to know the following four things: 1) Medicaid’s financial requirements, 2) how to find legal help so you can potentially meet those requirements regardless of your … [Read more…]
The takeaway: Continuing care retirement communities are part of the trilogy of your long-term care options–but these come with waiting lists. Folks are clamoring to get in. You, savvy Boomer, will not be swayed by fear of missing out. Certain questions about these places still need to be asked. This post asks those questions so … [Read more…]
The takeaway: Continuing Care Retirement Communities give you a place to live, provide lots of amenities and activities, and–depending on your contract–include long-term care. This post provides four steps to help you decide if these places are worth the money. The post also tells my experiences and impressions visiting two different communities in two different … [Read more…]
The takeaway: Continuing Care Retirement Communities are housing developments that let you age in place, while also providing long-term care if you need it. They are one of the three major types of long-term care insurance you can buy; the other two were discussed in an earlier post. Unless you have money to burn, be clear … [Read more…]
The takeaway: With or without insurance, long-term care could cost you a bundle. This post is designed to help ensure you don’t spend money to protect against something Uncle Sam might pay for. However, if Uncle Sam won’t pay, this post can help you decide if long-term care insurance is worth it. Should you decide it … [Read more…]