There are many negative myths about seniors and aging that exist in our society today. While some myths hold some truth to them, there are others that are not based on facts at all and are simply derived from stereotypes about seniors that have developed over time. Below are a few of the more common myths and why they are untrue. Continue reading
The basic Medicaid Rule for nursing home residents is that they must all of their income, minus certain deductions, for their care. These deductions include a $60.00 per month personal needs allowance, a deduction for any uncovered medical cost (including medical insurance premiums) and, in case of a married applicant, an allowance for the spouse that continues to live at home if her or she needs income support. A deduction may also be allowed for a dependent child living at home. Continue reading
When it comes to your senior parents, the choice to move them at any time can be a difficult one. So when your senior loved one has had a hospital or rehab stay, is it time to move them directly into assisted living, or should you wait? Continue reading
According to the 2017 Genworth Cost of Care Survey, a private, one-bedroom, single occupant unit in an assisted living community costs a national average $45,000 per year. This cost includes 24-hour help as well as other amenities, such as meals, housekeeping, and medication assistance. Continue reading
The parent-child relationship is pretty well defined. Children generally don’t advise their parents. It’s the other way around. However, this dynamic can shift as parents get older and children become adults. This becomes especially prevalent when considering estate planning and elder law issues. Continue reading
