Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or at home — may be paid for in four main ways: Out-of-pocket. If you have sufficient resources, you can pay … Read More
Checklist: Hiring a Home Care Provider
Most people prefer to be cared for in their home rather than a nursing home but finding a home care provider for you or a loved one can be daunting. The following are some things to keep in mind when looking for a caregiver. Level of care The first thing to consider is what level of care is needed. This … Read More
What is the Difference Between Elder Law and Estate Planning?
Elder law and estate planning serve two different—but equally vital—functions. The main difference is that elder law is focused on preserving your assets during your lifetime, while estate planning concentrates on what happens to your assets after you die. Elder law planning is concerned with ensuring that seniors live long, healthy, and financially secure lives. It usually involves anticipating future … Read More
Paying Family Members to Provide Care for Special Needs Individuals
The Special Needs Alliance recognizes, paying a relative to care for a family member with disabilities can solve several challenges. This solution allows the individual requiring care to remain at home, where they likely feel most comfortable. As The Caregiver Space observes, paying a family member also acknowledges the important work they do and compensates them for the financial sacrifices … Read More
Is a Power of Attorney Right for a Person with an Intellectual or Developmental Disability?
Not every person with an intellectual or developmental disability is unable to make health care and/or financial decisions. The impact and spectrum of disabilities varies widely from person to person and diagnosis to diagnosis. One person with Down Syndrome may be capable of decision-making while another may not, just as a person with autism may be capable of decision-making while … Read More
When Should You Review Your Estate Planning Documents?
First, let’s clarify what your estate planning documents are. Of course, they include your Will and any Codicils, and perhaps your trust or trusts. But they also include any powers of attorney (both financial and health care) as well as all beneficiary designations for life insurance, retirement plans, annuities and transfer on death accounts. A thorough review of your estate … Read More
Special Needs Planning – For You and Your Child
Just like parenting a typically developing child, parenting a Special Needs Child is full of challenges and rewards. Milestones are anticipated and often met, but many times much later than the typical age and often with much therapy, intervention and work. While there are many books and articles about parenting children with various special needs, every child is different and … Read More
Planning for Long Term Care
Helpful Tips to Help You and Your Loved Ones Plan For Long Term Care Caring for a disabled family member can be exhausting and navigating the system for public benefits to provide for your loved one’s ongoing financial security only increases the burden. Here are some helpful tips to get you started with long-term care. Start Planning EARLY! Nobody knows … Read More
What will it mean to disabled individuals when health insurance will be available to all United State Citizens in 2014?
The Patient Protection and Affordable Care Act of 2010 (ACA) enacted many reforms of the health insurance industry in the United States. The kingpin, or crown jewel, of the ACA is access to health insurance for everyone. As of 2014, everyone will be required to have health insurance in the United States. As a corollary, no one can be denied … Read More