Long-term care can get pretty expensive. You may be looking at tens of thousands of dollars or more every year, and if you are not well prepared, the high cost of assisted living could deplete your savings and assets. Fortunately, programs like Medicaid can help meet...
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Long-term care planning could help individuals fund future care
There are many financial milestones that individuals will face in life. In some instances, those milestones may be exciting, like buying a new car or home, and in others, those times could feel like a burden, such as needing money for long-term care. In the latter...
Investigate area care services as part of long-term care planning
Suffering from a serious illness or injury at any age can have dire results. In some cases, these issues can even become incapacitating or otherwise leave Texas residents in need of extended care. Because of this possibility, long-term care planning could be wise for...
Long-term care planning may help get affairs in order
As Texas residents consider their plans for the future, they may think about job changes, vacations, marriage or other events. However, individuals may also want to plan for incidents that come about far later in life, such as the need for extended care after...
Power of attorney appointment may bolster long-term care planning
Texas residents need various amounts of care throughout their lives. As individuals reach their elderly years, the need for care may become as important as it was when they were young children. However, receiving care as an adult can often prove more difficult and...
Don’t forget long-term care planning when considering the future
Thinking about the needs that may come about during their elderly years may be something that more Texas residents have begun doing. As a result, they may review their estate planning options and work to determine what type of plan may best suit their needs and the...
Long-term care planning may help as care costs increase
Though thinking about becoming incapacitated at some point in life may not be a favorite topic, it may be one worth considering. If Texas residents do not give thought to the possibility of needing a nursing home stay or other similar care, they may miss out on their...
Massive nursing home costs call for plan for Medicaid assistance
Generally, Medicaid is available in Texas to pay for an extended nursing home stay. However, the applicant for assistance must meet certain requirements, making it prudent to plan for Medicaid assistance in advance. The individual or married couple can facilitate that...
Long-term care planning includes avoiding some common pitfalls
Whether one resides in Texas or another state, there are some basic pitfalls to avoid when considering retirement and vital long-term care issues. For example, the cost of long-term care, including the costs of daily health care for an extended period, may run into...
Long-term care planning may include planning for Medicaid
Texas and other states impose federal rules and regulations for qualifying for Medicaid assistance by elderly applicants. Because Medicaid is a primary source of funding for nursing homes and similar institutions, long-term care planning may include planning for this...