Unexpected illness and the unpredictable cost of healthcare are two of Baby Boomers’ biggest concerns! A recent survey showed boomers are 3 times more concerned about the following, than they are about dying (17%): Their ability to pay for healthcare (53%) Having a major illness (48%) Winding up in a nursing home (48%) “The New Retirement Survey”, 2008. Conducted by Merrill Lynch by Harris Interactive in collaboration with gerontologist and author Ken Dychtwald, Ph.D David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients…
As our aging population continues to grow, more and more families will face the need for long-term care for their loved ones. If that care is received in a nursing home, these families will face costs of $10,000 – $15,000 per month (and that number increases each year). Since Medicare does not cover the cost of skilled nursing home care (except for limited rehab stays), most residents must pay the full cost of skilled nursing home care. At $10,000 – $15,000 per month, the average family will exhaust their life savings within the first year of nursing home care. Most nursing home residents will eventually end up…
California health regulators have allowed poor care to proliferate at nursing homes around the state, and the number of incidents that could cause serious injury or death has increased significantly in recent years, according to a stinging state audit released this week. Click HERE for more information. David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.
This year, high-income retirees can expect to shell out even more money to cover their Medicare premiums. Click HERE for more information. David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.
Health insurers are seeking lofty rate hikes for 2019 individual coverage as they grapple with new obstacles in the Affordable Care Act marketplace, including the zeroed-out mandate penalty and the potential influx of skimpy insurance policies. Click HERE for more information David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.
People with moderate to severe anxiety in middle age may be more likely to develop dementia as they get older, a recent study suggests. Click HERE for more information David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.
Health care companies are rushing to buy or invest in areas that focus on the elderly population, as baby boomers are reaching an age when they require more health care services. Read more from Axios. David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.
A lot of people believe that when you enter a nursing home your money is lost. That is not the case. Contact our office to find out how you can save your money from the nursing home. David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.
What happens if you get sick, and you need care at home, an assisted living facility or nursing home? Have you planned? David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.
How would that affect your family? Spouses — Caring for a chronically ill loved one can make the caregiver chronically ill as well. Children — Other loved ones, such as children, often carry the burden, too. Daughters who are employed are most likely to switch from full-time to part-time employment to help with care giving duties. Family dynamics — Informal care usually is not shared equally among adult children. One sibling may bear a larger burden, which can harm relationships. Unnecessary losses — A number of spiritual, emotional, financial and relational losses can be prevented when your clients are prepared…
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