Long-Term Care
As the 2024 presidential election approaches, several legislative issues affecting older Americans are gaining attention. Understanding these key topics can help older individuals and their families plan for the future and advocate for necessary changes. So what upcoming legislation impacting older Americans is being considered? Healthcare Costs and Medicare Expansion Healthcare remains a critical issue,…
Read More
Last week the Biden Administration announced a pivotal update to nursing home care regulations, introducing the final Nursing Home Minimum Staffing Rule. This significant regulatory change in nursing home regulations aims to enhance the quality of care for residents in facilities that receive federal funding through Medicare and Medicaid. What’s new? Under the new rule,…
Read More
Last weeks Hurley Elder Care blog explored the financial devastation many families face as they navigate the rising cost of elder care. We looked at some of the reasons behind the spike in costs including labor shortages, facility maintenance and the specialized services required by those facing chronic conditions like Alzheimer’s disease. What strategies are available…
Read More
The aging population is growing at an unprecedented rate worldwide, and with it comes a rising demand for elder care services. While providing the best possible care for aging loved ones is a top priority for many families, the rising cost of elder care can be financially devastating. Elder care costs encompass a broad spectrum…
Read More
During our many presentations throughout the year long-term care insurance (LTCI) is one of the most popular topics our attendees ask questions about. It might be hard to imagine now, but chances are you’ll need some help taking care of yourself later in life. The big question is: How will you pay for care? Buying…
Read More
Simply stated… women must plan for a long retirement and the possibility of long-term care. Why? You may ask. You might be surprised to learn a 65-year-old female in the US has an average life expectancy of another 20.8 years. Also, a child born in the US in 2007 has a 50% chance of living…
Read More
It might be hard to imagine now, but chances are you’ll need some help taking care of yourself later in life. The big question is: How will you pay for care? Buying long term care insurance ahead of time is one way many Americans prepare for these expenses. Long-term care refers to a host of…
Read More
As we have pointed out in previous blogs, applying for Nursing Home Medicaid can be tricky. There are assets an applicant can have which are ‘countable’ while others are ‘exempt’. Furthermore, there are Medicaid eligibility rules even within these assets which can get the applicant denied if not addressed properly by an experienced elder law…
Read More
What is an asset? The dictionary defines an asset as “something that is owned by a person, company, or organization, such as money, property, or land.” In general, there are four broad classes of assets: Equities (stocks) Fixed income and debt (bonds) Money market and cash equivalents. Real estate and tangible assets. A house, like…
Read More
Most older adults desire to “age in place.” What do we mean by this? Aging in place is a term used to describe a person living in the residence of their choice, for as long as they are able, as they age. This includes being able to have services brought into the home as care…
Read MoreSubscribe to our blog and monthly newsletter.
