Plan Ahead Before Seeking Nursing Home Care: Avoid Unnecessary Debt for You and Your Family
Many senior citizens may need the services of a nursing home or at-home care at some point in their life. You might assume that government assistance or health insurance will step in and cover the cost if you cannot afford these services. Unfortunately, neither health insurance nor Medicare covers long-term care. Because obtaining long-term […]
Can a Nursing Home Hold Friends or Family Members Responsible For a Resident’s Care?
If your loved one is entering a nursing home, you may worry whether you could be liable for their care. Under federal law, a facility cannot require a family member or friend to co-sign an admission agreement and take on personal liability. However, nursing homes around the country are still trying to do so, […]
What Are the Best Ways to Get Out of Debt Before You Retire?
Retirement is an expensive affair, and planning for it involves managing finances even after you have left the workforce. It is commonly estimated that you should have about 70 percent to 90 percent of your pre-retirement income to maintain the same living standard after you retire. A secure retirement means planning your finances efficiently, […]