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Is Long-Term Care Insurance For You? |
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Elder Law Florida BlogThe Elder Law Firm of Clements & Wallace, P.L. has answers to your elder law questions.
Obviously the younger you are when you purchase long term care insurance, the lower the premiums will be. Is that savings worth the cost over this long haul if you are in you 40’s or 50’s? Do you want to purchase insurance that you are unlikely to need for 30 to 40 years? The long-term care market place and long term care insurance industry have changed a great deal over the past 20 years. What
Living wills are relatively new creature in our law. The need for Living Wills arose as a result of advances in the medical field, primarily the discovery and development of mechanical ventilation around the 1950's. As technology, advanced, patients could be maintained longer and longer artificially. It was inevitable that some people would want to refuse this type of treatment and allow nature
Long term care costs including assisted living facilities have a wide range of costs depending on the level of care required. Assisted living facilities that provide an extended care unit can range from $2,000 to $5,000 per month. Nursing homes can cost as much as $7,500 per month. Each facility may offer many levels of care, with different monthly charges. Add on fees in addition to the
Irrevocable funeral contracts, burial plots and a burial fund (not to exceed $2500.00) may all qualify as excluded assets for Medicaid planning. Get the details from a certified Elder Law
At least 70 percent of people over the age of 65 will require long-term care services at some point in their lives. Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need - help with personal care such as dressing, use of the bathroom independently, walking, bathing and meal preparation. Long-term care planning is essential
New for 2012 Social Security recipients will be receiving more money in 2012, thanks to a 3.6% cost-of-living adjustment. This is the first boost in payments since 2009, when the increase was 5.8%. The maximum Social Security benefit for workers retiring at full retirement age is $2,513 per month, compared with $2,366 in 2011, although the average monthly benefit for all workers is 1,229, an
You must act by December 7, 2011 if you want to elect any change in your coverage. You should speak to a qualified insurance
Many older Americans fear that they may need to live in a nursing home during their twilight years. The fear is real because of the tremendous cost and the loss of independence. There are several ways long term care can be paid for: Long term care insurance, personal resource (your money), medicaid, to a very limited degree medicare and VA benefits. Many people
Are you prepared? Suppose you have an accident or other medical emergency and you are unable to communicate. Who would make medical decisions for you? Does this person know what types of life support or end-of-life care you want? Have you put your decisions in writing? Does your family, confidants or friends know where to find these documents? Does your physician know of your desires?
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The attorneys of the Elder Law Firm of Clements & Wallace, P.L. (Mark Clements and Carol Wallace both Certified Elder Law Attorneys) and Calene Hernandez the firm's Geriatric Care Manager recently attended the National Aging Law Institute provided the Elder Law firm of Clements &Wallace, P.L. 
with significant interaction and networking with other Certified Elder Law attorneys throughout
