Helping Seniors & Families
Plan For Their Future
Feasterville, PA
215.396.1001
Doylestown, PA
215.345.5858

Family Caregiver Agreements

A Solution for Keeping Your Elderly Parent at Home

Daughter Helping Senior Mother“There’s no place like home.” Dorothy’s remembrance in the Wizard of Oz immediately brings to mind our own cherished abode. Yet, as your parents age, they may not be able to live in their homes without the assistance of family members. The assistance you provide to your parents (such as cooking, cleaning, paying bills, medication schedules, etc.) is often the critical difference between their staying in their home or moving to a nursing home. Given the high cost of nursing home care ($7,500 to $10,000 per month) and the current economic climate, paying you to provide care to your parents can be a win-win solution.

When you provide care to a parent, you may need to cut back on your work schedule, or, ultimately, leave your job altogether. In turn, your parent may compensate you for your time and loss of income. This arrangement may be a viable solution for both parent and child. However, payments made to you, without a written caregiver agreement in place, may result in a period of ineligibility for Medicaid benefits for your parents. Please note, caregiver agreements may also be entered into between other family members or persons unrelated to the person requiring care. Continue Reading Family Caregiver Agreements

The Cost of Nursing Home Care

Senior Couples Enjoy a Meal at a Retirement CommunityToday, primarily because of the advances in medical science and personal health awareness, we are living longer than at any other time in our history.

This increased longevity may, unfortunately, bring with it increased chances for us to contract both mentally and physically debilitating diseases. Such diseases may require treatment and care that is beyond what our families are capable of providing at home. As such, many times long-term nursing home care is your only option.

Among the concerns of a family facing the prospect of admitting a loved one to a nursing home is how they will afford the costs which, in Pennsylvania, are approximately $8,000 per month. Continue Reading The Cost of Nursing Home Care

Housing Choices for The Elderly: Planning for the Future

Smiling senior gardening outside.In the past, most of the elderly population has received long term care in their homes. The surroundings were familiar and comfortable, and they received support from family members and friends. Improvements to the home such as ramps, chair seats, and downstairs bedrooms and bathrooms could be made to better accommodate them. Today, in our mobile society, with children moving away and the elderly living longer, other care options are increasing in popularity. This article will explore some of the other choices available to the elderly.

Option One: Independent Living

If you are in relatively good health, and do not suffer from any dementia-type disabilities, an independent living community may be a viable choice. Independent living is similar to maintaining an apartment or owning a condominium. The community provides security for its residents, as well as meals, social activities, and sports programs. Usually, independent living communities do not provide supervised medical care, but they may have a nurse on duty. Residents must pay all fees privately since independent living communities do not accept insurance or government reimbursement. Unless the resident has acquired an equity interest in their unit, they are usually required to leave the community when their financial resources have been depleted. Continue Reading Housing Choices for The Elderly: Planning for the Future

27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 1

Senior Couple Using LaptopPlanning for your senior years is a complicated and emotionally tough task. It is often made all the tougher by the myriad misconceptions that exist about your options. There is a lot of misinformation about all aspects of senior planning, from nursing home decisions to appropriate legal documents and structure.

In this four part series, we will discuss 27 of the most costly misconceptions about planning for your senior years. We hope this discussion will help set you on the right track and make your planning decisions easier. Planning ahead is always the wisest course. This way you are fully prepared for whatever events come your way and can rest easily with the knowledge that whatever happens, you have a plan.

Continue Reading 27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 1

27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 2

SMiling Senior Couple HeadshotPlanning for your senior years is a complicated and emotionally tough task. It is often made all the tougher by the myriad misconceptions that exist about your options. There is a lot of misinformation about all aspects of senior planning, from nursing home decisions to appropriate legal documents and structure.

In this second article in a four part series, we will discuss the next 7 common costly misconceptions about planning for your senior years. We hope this discussion will help set you on the right track and make your planning decisions easier. You can find the first article in this series here. Continue Reading 27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 2

27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 3

Senior Couple EatingPlanning for your senior years is a complicated and emotionally tough task. It is often made all the tougher by the myriad misconceptions that exist about your options. There is a lot of misinformation about all aspects of senior planning, from nursing home decisions to appropriate legal documents and structure.

In this third article in a four part series, we will discuss the next 7 common costly misconceptions about planning for your senior years. We hope this discussion will help set you on the right track and make your planning decisions easier. Continue Reading 27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 3

Medicaid Planning and Long-Term Care: An Overview

With Americans living longer than ever before, planning for the high cost of long-term care is critical to preserving a family’s hard-earned savings. Most seniors will likely require some form of long-term care, but many of them are unprepared for the significant financial burdens it places on their family.

elderlywomanwritingMedicaid is a health and long-term care coverage program that is jointly financed by states and the federal government. Each state establishes and administers its own Medicaid program and determines the type, amount, duration, and scope of services covered within broad federal guidelines. Federal law also requires states to cover certain mandatory eligibility groups, including qualified parents, children, and pregnant women with low income, as well as older adults and people with disabilities with low income.  States must cover certain mandatory benefits and may choose to provide other optional benefits.

Continue Reading Medicaid Planning and Long-Term Care: An Overview