sacredhands on Nov 19th, 2007Out-Of-Pocket Caregiving Costs Add Up To Expensive Hobby
Pay attention, caregivers! Someone has finally produced a study about the cost of providing caregiving to family members. The upshot: “These caregivers, spending on average 10 percent of their household income, manage the financial burden by taking out loans, skipping vacations, dipping into savings or ignoring their own health care.” The average out-of-pocket amount is [...]
sacredhands on Mar 26th, 2007Long Term Care (F** You) Insurance Scams
“They’ll do anything to avoid paying, because if they wait long enough, they know the policyholders will die.”
Insurance companies suck, no doubt about it. They get you to buy an intangible product on the promise that if something should go wrong, don’t worry, we got you covered. As they always like to say in their [...]
sacredhands on Jan 14th, 2007Long Term Care Insurance, Parents and There Goes the Inheritance
The issue of caring for aging parents is only a blip on the radar at the moment, but as more Baby Boomers reach that magic age when the body craps out and someone needs to look after it, keep your eye on the bouncing assets. The cost of quality health and caregiving care is fricking [...]
sacredhands on Sep 20th, 2006The Great Estate Robbery (Nursing Homes Dressed as Bandits)
If you thought spending down your estate in order to qualify for Medicaid was limited to the United States, just take a glance at the above Daily Mail newspaper out of London. We suggest donating to the homeless you see on the street. They may one day be your best friend.
Half of people nearing retirement [...]
sacredhands on Sep 17th, 2006Long Term Care Insurance: The Treasure Buried in the Genes
It’s one thing to possess the desire to discover gold; it’s quite another to find a map that locates where to find the damn stuff. The insurance industry now thinks they are in possession of the map. The proverbial X on the map lies in the heart of Baby Boomer territory.
According to Braden, the forces [...]
sacredhands on Jun 15th, 2006The Abuse of Older People: A Training Manual for Detection and Prevention
The Abuse of Older People: A Training Manual for Detection and Prevention
by Jacki Pritchard
This book has certainly stood the test of time, and now in its second edition, it continues to hold its own in the under-researched and grossly underestimated world of elder abuse. The layout is clear and highly user-friendly, and this clarity is [...]
sacredhands on Mar 19th, 2006Long Term Care Insurance Betting Odds
Long term care insurance is the bully who pokes fun at you on your journey to _________ (fill in the blank based on your own beliefs, this is America after all). Should you pay those hefty premiums in advance in the event you require nursing home care after a stroke or heart attack?
Marketing to [...]
sacredhands on Mar 2nd, 2006Long Term Care Insurance (A Bet with Yourself)
Long term care insurance is a bet you make with yourself about whether your mind and body will crap out before you cease to exist. Insurance companies are betting (hoping) that you’ll pay hefty premiums for a long time and then suddenly die.
You are betting that you may suffer from a stroke or [...]