Written by: Gina-Marie Reitano, Esq. Most of us are familiar with the terms Medicare and Medicaid, but we don’t necessarily know what the difference between them are. In a nutshell, Medicare is something everyone gets, either two years after being declared disabled by the Social Security Administration, or at age 65. This is the standard form of health care for the elderly, although there are many options and many versions, which will be explained […]
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Long Term Care Insurance
Written by Norine Wong Home care and nursing home care are dizzyingly expensive. But how on earth can you put away enough money to pay for them? One answer is Long Term Care Insurance. This is a product that most people have never heard of, which is not surprising considering it is a product that addresses something we never think about in advance. Long Term Care insurance is designed to cover expenses incurred by […]
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What Happens (Or SHOULD Happen) When Mom Goes to Rehab?
The days of holding patients in a hospital until they are cured are long gone. Patients are now discharged when they are “stable,” meaning that they are not actively dying. But stable, and able to go home are not the same thing. Frequently, patients are too weak to take care of themselves at home, or are not mentally capable of living alone. In those cases, patients are sent to a “Skilled Nursing Facility” (SNF) aka […]
Continue readingThe Basics in Planning for Elderly Parents
The Basics in Planning for Elderly Parents The last members of the Baby Boom generation are caught in a difficult and unprecedented time. Our parents or other relatives are living longer, accumulating more, and sometimes needed care while we are still caring for our children. While the emotional, psychological and scheduling issues can be overwhelming, having the proper legal documents in order will allow for a smooth transition and avoid the confusion and expense that […]
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