September is Healthy Aging Month and while your thoughts may turn to leafy green foods and more exercise, it's also the perfect time to assess the health of your aging Estate Plan. You may have seen to it that your Last Will & Testament was put in place.... twenty years ago! Maybe you took the time to designate a Healthcare Power of Attorney or someone to look after your finances....decades ago!Read More
Don’t scramble at the last minute to find vital documents and information.
No one wants to look for insurance cards, estate planning documents, or even phone numbers during a crisis situation. All of this takes precious time and focus away from being able to make the best decisions possible for your parents.
Many parents consider putting estate plans in place as a vital element for their family’s financial foundation; a means of protecting their loved ones from unnecessary stress, harm and distress in the event of a crisis. Yet many parents aren’t aware that getting an estate plan in place for college-bound students or adult children is just as important. As students start to head back to school, consider a few practical tips to help your child truly be ready for their academic careers.Read More
Having outdated and incomplete estate planning documents are the among top reasons that people approach their senior years with a false sense of security thinking everything will be taken care of if something happens to them. It’s just simply not true.
Again, there’s a very good chance that the estate plan mom or dad created 20 years ago will NOT work today to accomplish their goals or objectives. Most likely, their life circumstances have changed and are not accurately reflected in their documents.
As our parents get older and begin to lose their independence, many will turn to their adult children to help them navigate the complicated and costly world of long-term and end-of-life care. For adult children already caring for young kids of their own, this new role of “caregiver” can be in a difficult one to assume without the right legal documents in place.
Talking to older or retired parents about their estate plan isn’t necessarily something we look forward to, but it is of utmost importance to take care of. Simply put, not having the right documents in place can make caring for mom or dad significantly more difficult and expensive down the road. From the start, here are a few questions that you will want to gather the answers to.Read More
When exploring your parents’ eligibility for Medicaid, it’s important not to overlook any rules that may disqualify them from coverage. Again, many states have a “look back” policy which could result in penalty periods or disqualification, and missing this important piece of information could be detrimental.
For those that have already started the process of applying for Medicaid, there are many pitfalls you can avoid. While not an exhaustive list, below are some of the most commonly made mistakes families encounter when trying to meet Medicaid’s income and asset qualifications.
Wait… Doesn’t Medicare or Private Health Insurance Pay for Everything?
According to longtermcare.gov, the average cost of long-term care is $6,000 per month for a nursing home room (semiprivate) and $3,500 per month for assisted living. Care.com puts the cost of home health aides between $19-$30 per hour—and that’s not counting additional medical equipment and services, which often cost families more than $30,000 per year!
Have you ever felt “sandwiched” between the pressures of caring for an older parent and raising your own family? If so, you are part of a unique group of people known as the “Sandwich Generation.” These are adults who are juggling the roles of caring for their own families (including minor children) and aging parents at the same time.Read More
In an effort to minimize identity theft for the more than 60 million people enrolled in Medicare, redesigned Medicare cards started going out in the mail in April. Some of the new security features include a new 11-character identity number in place of the holder’s Social Security number and cards no longer display the person’s gender or their signature. The card is also smaller making it easier to slide into a person’s wallet.Read More
Officials with Aging & In-Home Services of Northeast Indian have confirmed that waiver spots are now available. The Indiana Family and Social Services Administration, also known as FSSA, has determined that the Division of Aging is in a position to continue waiver services. Aging & In Home was instructed to not place any new individuals on a wait list with regards to aged and disabled waivers. According to Aging & In Home of Northeast Indiana, those currently on the wait list will be "targeted promptly."Read More
Medicaid requires that applicants and their spouses provide proof of all income received, including VA pensions. If you receive monthly income from the VA, we can help you determine what documents Medicaid accepts and how to obtain them.Read More
Most of us have life insurance. Life insurance is a great way to pass on wealth to our children, provide for a surviving spouse, or even to cover estate expenses and left over medical bills. It is just not the best way to plan to pay for your funeral.Read More