Long-term care in the United States is provided overwhelmingly by unpaid caregivers. Researchers estimate the value of this unpaid care giving at well over $470 billion per year, per an AARP study. By contrast, paid caregiving costs the public and private sectors about $450 billion per year, more than a quarter of which is paid out-of-pocket by …
Read More about Myths and Realities About Medicaid Planning →
Caregivers of seniors play a vital role in ensuring the well-being and quality of life of older adults. However, the demands of caregiving can be overwhelming, often leading to neglect of the caregiver’s own health. The importance of caregivers prioritizing their health and seeking help when necessary, highlighting the implications of caregiver …
Read More about Taking Care of You While You Take Care of Them →
Dear Attorney Tully: I am terrified. My husband and I are probably younger seniors than you see in your practice, but my husband is very sick and in a nursing home for long-term care. I’ve been told I have to spend down almost all of our savings, including my IRA, in order for him to qualify for Medicaid. Is this true? ANSWER: Not necessarily. …
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