Medicare is designed to help pay for healthcare costs for seniors once they turn 65. While it covers a number of healthcare expenses, it doesn’t apply to costs associated with long-term care in a nursing home.
When you are visiting family members, you have an opportunity to evaluate how they’re doing in terms of health, safety and quality of life. Any of these five red flags may indicate that your loved one needs more support.
When a spouse enters a nursing home, the cost of care can be financially devastating. Many families are simply unable to afford long-term care without applying for Medicaid.
More than 53 million Americans are unpaid caregivers for family members. The majority are women—often, an adult daughter who lives closest to an aging parent starts out helping with daily activities. As the parent/care recipient requires more assistance, the daughter cuts back on work hours– risking her own financial security.
Your aging mom is finding it harder to do the laundry or cook dinner. Dad is more forgetful, and he really shouldn’t be raking the leaves out in the front yard anymore. The time is coming when your parents are going to need help with daily living. That means you need to start looking for the right place for them to live.