Category: Long-Term Care

Annual Long-Term Care Survey Finds Steep Rise in Assisted Living Facility Costs Amid Pandemic

All long-term care costs rose sharply in 2020, but assisted living facility costs increased the most, according to Genworth’s latest annual Cost of Care Survey. The across-the-board rises were due in part to increased costs brought on by the coronavirus pandemic. In the past year, assisted living facility rates grew 6.15 percent for a median […]

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Can You Visit Nursing Home Residents After They Are Vaccinated?

When can you visit nursing home residents after they are vaccinated?  COVID vaccines are starting to roll out to nursing homes across the country, signaling the beginning of the end of the pandemic. Once your loved one has had both doses of the vaccine, you may be able to visit, but precautions are still necessary. […]

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In Need of Assisted Living? How to Protect Assets through the Medicaid Half-and-Half Plan

Hoosiers are fortunate to have a Medicaid program that covers alternatives to nursing home care as not all state Medicaid programs include such alternatives. Under Indiana’s Aged and Disabled Medicaid Waiver, applicants can obtain a variety of alternatives to nursing home care, including coverage for adult day care, home care, adult family care, and assisted […]

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Five Valuable Tips When Caring for a Parent at Home

More and more children are living with their parents when their parents begin to need supports for their care.  This situation can occur either with the parent moving in with the child or the child moving in with the parent.  This trend probably won’t reverse anytime soon. Children and their parents are finding that living […]

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What’s the Difference Between Medicare and Medicaid in the Context of Long-Term Care

Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is entitled to receive Social Security benefits also receives Medicare. (Medicare also covers people of any age who are permanently disabled or who […]

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New Study: Retirees Need $130,000 Just to Cover Health Care

A new study from Fidelity Investments claims that “today’s 65-year-olds can expect to spend an average of $130,000 on health care during their retirement, from premiums to co-payments to eyeglasses.” The average single 65-year-old woman can expect to need $135,000 to spend on health care in retirement, while a man will spend $125,000, according to […]

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