Book Review: Recommended Reading – “Old Age: A Beginner’s Guide”

Book Review: Recommended Reading “Old Age: A Beginner’s Guide” By Michael Kinsley Reviewed by Carol Cioe Klyman, Esq. This collection of essays, some of which appeared in The New Yorker Magazine, is a deeply personal book by a gifted and entertaining writer faced with a potentially monstrous old age. Despite his diagnosis of … [Read more...]

Will You Be Able to Stay at Home When the Need for Long Term Care Arrives?

Most folks prefer to stay in their own homes rather than residency in an assisted living facility or a skilled care nursing home. Simply, people consider in-home care generally preferable to institutional care. However in home care is very expensive and is typically more expensive than institutional care unless family members are relied upon to … [Read more...]

Is Long-Term Care Insurance For You?

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 caremarket place and long term care insurance industry have … [Read more...]

Paying for Assisted Living and Nursing Home Costs

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 … [Read more...]

Will You Need Long Term Care?

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 … [Read more...]

Long Term Care Insurance

Having practiced Elder Law for more than thirty years, it becomes more and more apparent to me that our current "needs based" system that provides government benefits to pay the cost of long-term care may become a thing of the past. As "baby boomers" approach their senior years, they should consider the purchase of Long Term Care Insurance to help … [Read more...]

Why You Need to Plan for Long-Term Care

From: Thinking about a time when you will need help taking care of yourself is not fun. That is why most people put off discussing long-term care until it can't be ignored. But it is better to start long-term care planning early. Here are some reasons to start planning now: People are living longer and are more likely … [Read more...]

Revitalization of Promissory Notes as a Medicaid Planning Tool

Recent implementation of the Deficit Reduction Act of 2005 has resulted in Medicaid policies that are just now being utilized by the Elder Law Bar as a new planning opportunity for asset preservation for families with loved ones seeking long term care. This change was set forth in the ESS manual in January 2010. However, only until recently have … [Read more...]