
Estate Planning can help address Nursing Homes Costs
The cost of nursing homes and adult care grew by 2.4% in July, the biggest increase in any month since 1997.

The cost of nursing homes and adult care grew by 2.4% in July, the biggest increase in any month since 1997.

You’re single, and you don’t have an estate plan or even a will. Perhaps you think you don’t need either because you’re not wealthy and don’t have children.

With the possibility of needing long-term care in the future, many people are interested in proactive planning.

The idea of asset protection for the purposes of protecting against long-term care costs is becoming both more sought-after and more necessary.

What types of decisions have you and your loved ones made, or avoided making, about planning for the years ahead?

Certain habits can signal cognitive impairment.

Here are some common medical problems that can be mistaken for dementia.

Family members of all kinds have fought over money matters since time immemorial, but it may be worse for cash-strapped caregiving families. The costs of caregiving activities, including hiring aides, buying supplie, and covering medical and pharmacy copays, negatively affect family caregivers’ pocketbooks and morale.

New research, published in JAMA Network Open shows that using a comprehensive approach to engage patients in Advance Care Planning (ACP) during the COVID-19 pandemic effectively improves the opportunity for ACP discussions and documentation as well as equitable healthcare delivery.

The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.