Category: Long-Term Care

Five Valuable Tips When Caring for a Parent at Home

More and more children are living with their parents when their parents begin to need supports for their care.  This situation can occur either with the parent moving in with the child or the child moving in with the parent.  This trend probably won’t reverse anytime soon. Children and their parents are finding that living […]

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What’s the Difference Between Medicare and Medicaid in the Context of Long-Term Care

Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is entitled to receive Social Security benefits also receives Medicare. (Medicare also covers people of any age who are permanently disabled or who […]

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New Study: Retirees Need $130,000 Just to Cover Health Care

A new study from Fidelity Investments claims that “today’s 65-year-olds can expect to spend an average of $130,000 on health care during their retirement, from premiums to co-payments to eyeglasses.” The average single 65-year-old woman can expect to need $135,000 to spend on health care in retirement, while a man will spend $125,000, according to […]

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Medicaid Help with Long-Term Care without Complete Impoverishment – Pt. 1 (Single Person)

This is the first post in a two-part series. Click to read part two.   Let me share with you a hypothetical case involving an aged woman now in a nursing home. We will call her Sandy Fitch, a widow. Her son, Don, became seriously concerned about his mother’s assets after the family made the hard […]

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Cost of Long-Term Care Increases, Again

If you feel that the cost of long term care keeps rising every year, you are right. In fact, it’s steadily and rapidly risen over the past decade. At the Stinson Law Firm we know how difficult it can be to afford these services that so many will need in their lifetimes. We can help. […]

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