The Costs of the Rising Cost of Long-Term Care

Do you have a family member receiving some form of long-term care? If you don’t, the chances are good that someday you will – and that day may not be too far away. As the U.S. population ages and life expectancies increase, long-term care is becoming an essential consideration for many individuals and families. Long-term […]

New Bill Targets Growing the Long-Term Caregiving Workforce

         For older adults seeking long-term care services, finding the help they need can pose significant challenges. One major reason is the lack of available labor in this field. New bipartisan legislation may have an answer. Nationwide Staffing Shortage An ongoing, critical shortage of nursing home and assisted living workers – partly made worse by […]

What You Should Know About Long-Term Care

         Research shows that roughly one in seven adults aged 65 or older will need long-term care at some point in their later years. Meanwhile, tens of millions of Baby Boomers in the United States are growing older and living longer. It seems inevitable, then, that the future of long-term care will be undergoing significant changes. The […]

Could Medicaid Payback Rules Come to an End?

         The idea of ending this practice altogether has resurfaced amid recent reports from prominent news outlets such as The New York Times and the Associated Press about the negative impact of Medicaid estate recovery on families. What Is Medicaid? Medicaid is a public assistance program that seeks to provide health insurance coverage for Americans with limited means. To […]

Survey Highlights High Costs of Long-Term Care in 2023

You may not foresee ever needing assistance with your day-to-day life. However, research shows that seven in 10 adults aged 65 and older will require long-term care at some point in their later years. Meanwhile, the U.S. population continues to age rapidly. Americans aged 65 or older are on track to total 82 million in the next […]

Activities of Daily Living and the Need for Long-Term Care

         Nearly one in every seven U.S. seniors aged 65 or older will likely require long-term care later in life. Almost a fifth of them will need long-term care services for over five years. Most long-term care involves assisting with basic personal needs rather than providing medical care. You may be able to receive long-term care services […]

States With the Highest and Lowest Assisted Living Costs

         Today, 58 million adults in the United States are 65 and older. Seniors make up more than 17 percent of the American population. The U.S. Census Bureau expects this number to reach 83.7 million by 2050. Meanwhile, one in every seven older adults must rely on long-term care services in their later years. As a result, […]

Long-Term Care Insurance: An Introduction

With nursing home care in some parts of the country costing as much as $10,000 a month, a long-term need for care can deplete even the best-planned estate. As a result, many seniors buy long-term care insurance to cover this risk. One great advantage of this insurance is that most policies now cover home care, […]

Retirees: Deduct Your Long-Term Care Insurance Premium

Even if you have a long-term care insurance policy, you may likely be hoping that you won’t ever have reason to use it. Regardless of what the future holds, there’s one silver lining of which you may not be aware. That is, premiums on many long-term care insurance policies are, in fact, tax-deductible. What Is […]

Agencies That Inspect Nursing Homes Face Staffing Crisis

         The Senate Special Committee on Aging has released a report exposing an understaffing problem among the survey agencies across the nation that are responsible for overseeing nursing home inspections. The staffing crises at these agencies, according to the report, have led to an increase in the number of regulatory violations and ultimately are making long-term care facilities unreasonably […]