Comments on: Eldercare: How to develop a long-term care plan http://blogs.reuters.com/reuters-wealth/2011/06/02/eldercare-how-to-develop-a-long-term-care-plan/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Weze http://blogs.reuters.com/reuters-wealth/2011/06/02/eldercare-how-to-develop-a-long-term-care-plan/comment-page-1/#comment-5646 Mon, 13 Jun 2011 17:57:27 +0000 http://blogs.reuters.com/reuters-wealth/?p=14542#comment-5646 I run a small private elder care home with only 2 residents. One of my resident paid his long term care insurance for 27 years upward of $33,000.00 and when he came to my facility the company found a tiny error in his insurance and denied him coverage. However, the good news is I charge him 1/3 of what it would cost him to stay in a nursing home and his care is far better. Below is a recent article I wrote:

A Nursing Home Alternative Saves Money and Lives

The best kept secret for long term care is an alternative to a traditional nursing home. This is a home where for a fee that is always much less than a nursing home, seniors live with a loving family. They actually share in the daily activities of living rather than being in a skilled facility waiting to die.

These private care homes are all over the country and are run by individuals that desire to care for the infirmed elderly and make the senior feel like family. Actually these residents become members of the family. Nursing home alternative homes house one to two residents. The end result is one-on-one care that leads to meaningful loving care by the same caregivers, not the constant shift changes and turnover that exist at a nursing institution. The senior’s dietary and special physical needs are met with an excellent quality of care which leads to an excellent quality of life. This nurturing environment creates a mutual respect which empowers the senior as well as the caregiver.

Additionally the caregivers work closely with the resident’s relatives, physicians and healthcare agencies to provide the highest quality of genuine caring while living in a home environment that has been proven by one success story after another for many years.

When an assisted living facility or living at home is no longer an option, a person does not have to go to a nursing home. There is an alternative.

For more information or to find a private care home, please contact the author, Annie Thomassen, 941-966-5489, email: athom914@verizon.net or visit her website: www.anursinghomealternative.com

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By: NewsLady http://blogs.reuters.com/reuters-wealth/2011/06/02/eldercare-how-to-develop-a-long-term-care-plan/comment-page-1/#comment-5504 Sat, 04 Jun 2011 22:55:18 +0000 http://blogs.reuters.com/reuters-wealth/?p=14542#comment-5504 The whole thing is ridiculous. Long term care in a nursing home is completely unaffordable for the vast majority of people, AND SO IS LONG TERM CARE INSURANCE, and that’s not all. A lot of these companies go bust.

Nursing homes are NOT the answer for the coming baby boomers. Social support, community centers, and help paid to spend time with them — eldersitters — is the future.

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By: jesseslome http://blogs.reuters.com/reuters-wealth/2011/06/02/eldercare-how-to-develop-a-long-term-care-plan/comment-page-1/#comment-5488 Sat, 04 Jun 2011 02:17:16 +0000 http://blogs.reuters.com/reuters-wealth/?p=14542#comment-5488 Long Term Care Insurance Planning must start well before retirement age because of the need to health qualify. Start by reading the American Association for Long-Term Care Insurance’s guide to reducing the cost. No sign in info is required.
http://www.aaltci.org/free-guide/

Jesse Slome
Executive Director
American Association for Long-Term Care Insurance

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By: StevenEast http://blogs.reuters.com/reuters-wealth/2011/06/02/eldercare-how-to-develop-a-long-term-care-plan/comment-page-1/#comment-5484 Fri, 03 Jun 2011 22:41:59 +0000 http://blogs.reuters.com/reuters-wealth/?p=14542#comment-5484 There most definitely is a tendency for retirees to avoid thinking about retirement and financial concerns are a top concern of the elderly. As the owner, of a Private Duty Home Care company, we highly recommend to start planning early because future healthcare services of the elderly are a certainty, due to increased longevity, potential changes in Medicare reimbursement, and the prevalence of chronic disease.

I would like to add some thoughts from the Long Term care perspective, that we consistently find ourselves providing our community and clients:

1. Upon an initial interaction with family members, a key aspect of worry is duration of care, or how long services will be required.

2. We agree with Wendy Boglioli – try to stay healthy. Eat healthy meals and exercise daily; make positive lifestyle choices that add up over time.

3. We do encounter potential clients that have unintentionally overlooked the benefit of financial planning. Start planning now, remember that government run programs are extremely limited, and do not address long term non-skilled needs.

4. Keep in mind that you must qualify for Long Term Care Insurance. Here is a link from the U.S. Department of Health and Human Services: http://www.longtermcare.gov/LTC/Main_Sit e/Paying_LTC/Private_Programs/LTC_Insura nce/index.aspx where evaluating your options are well explained. In the past, financial planning at the later stages would be directed toward qualifying for state run Medicaid programs. These programs have been adversely effected by State budget cuts and more rigorous qualifying procedures, and depending on where you live the services available through that program could be extremely limited.

My advice to baby boomers: it is never too early to look into Long Term Care Insurance from a reputable company and opt for a policy that provides a significant daily, lifetime benefit along with an inflation rider. Don’t forget that according to AARP, 7,000 people turn 65 years old every single day!

Steven East, CEO and President
Caring People Home Healthcare Agency
Servicing New York, New Jersey and Florida
www.caringpeopleinc.com

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