There are several steps you can take that will help keep you safe. The most important of those is to plan ahead. You may never need nursing home care; however, it is always better to be prepared and not need something than to need it and not be prepared. Do your “homework” now so you […]
Nursing Home Planning FAQs
Sadly, elder abuse is a very real problem in the United States. Conservative estimates indicate that over two million seniors are the victim of some type of elder abuse every year and that you stand a one in ten chance of being victimized at some point. Although the most likely (3 out of 4) perpetrator […]
Medicaid is a healthcare program that is primarily funded by the U.S. federal government; however, it is administered by the individual states. Consequently, the eligibility guidelines and benefits offered can vary somewhat from one state to the next. Most states, including Illinois, offer different categories of Medicaid, such as Medicaid for children, for pregnant women, […]
Nursing home care is expensive. Most basic health insurance plans will not cover the costs associated with long-term care nor will Medicare. Unless you have the resources to cover the cost of nursing home care out of pocket and indefinitely, you will likely find yourself turning to Medicaid for help, like over half of all […]
Doing your homework when searching for a nursing home is crucial to ensuring that the care you, or a loved one, receive is the best possible care. In Illinois, there are several excellent resources available, including the Illinois Department of Public Health and gov (the federal government’s official site for Medicare).
For seniors who need assistance with the daily tasks of living or who require less extensive medical care, there are alternatives to nursing home care, including home health care, adult day health care, and assisted living facilities.
One of the most important reasons to include nursing home planning in your comprehensive estate plan is the cost of that care. As of 2017, the average cost of a month in long-term care in Illinois was $5,700 for a semi-private room and $6,500 for a private room. Experts tell us that in 20 years […]
The U.S. Senate Special Committee on Aging explained the difference as follows: “It [long-term care] differs from other types of health care in that the goal of long-term care is not to cure an illness, but to allow an individual to attain and maintain an optimal level of functioning….Long-term care encompasses a wide array of […]
The average life expectancy in the U.S. has almost doubled in the last century. Living longer is certainly good news; however, the longer you live, the greater your odds of needing long-term care. The lifetime probability of becoming disabled in at least two activities of daily living or of being cognitively impaired is 68 percent […]