Category Archives: Financial
A Change In Paradigm: Parenting Your Elderly Parents
Parenting Your Elderly Parents is something many of us have to deal with at some point in life, as they age and become frailer. Making decisions on your parent’s behalf is often accompanied by challenges and frustrations. Other family members may not be on the same page when you decide to step in and take your father’s…
Avoid Relocation, Even When Your Private Funding Expires
The Problem Will you rely on Medicaid to fund your long-term care needs in the future? If so, it is important to understand the process. Long term care providers abide by specific regulations, which dictate when and why they can discharge a resident. While these requirements vary by facility, transitioning from private pay to Medicaid…
Ensure Your Loved One’s Financial Security
The Problem Folks often focus on the present moment – in fact, many people encourage this practice. However, when you prepare your loved one’s financial affairs to ensure future financial security it is essential to plan outside the present moment. It is easy to become absorbed in current challenges, such as, relocating your loved one,…
Avoid Crisis and Plan Your Loved One’s Relocation
The Problem Frequently, serious accidents and illnesses cause elderly folks to relocate to care facilities. These accidents and illness result from improper care and supervision. As elderly folks mental and physical capabilities decline their ability and willingness to communicate and fully understand, their care needs often decline as well. Moreover, loved ones often feel a…
Adult Family Home Licensing Fees Increase – Again!
Washington State continues to gouge adult family home providers by seeking to increase licensing fees to $325 per bed, per year, driving up the cost of long-term care for elderly consumers in Washington State. Since 2008, Medicaid occupancy in AFHs has increased from 46% to 57% of the available bed pool. Since these Medicaid recipients live in adult family…