Category Archives: Long Term Care
New WA Long-Term Care Insurance Tax
In today’s ever-evolving landscape of health care and insurance policy, it’s vital to stay informed of any changes that could affect our financial futures. One such change is Washington State’s new Long-Term Care Insurance Tax, slated to take effect in July 2023. This article aims to provide a comprehensive understanding of this controversial tax,… Read More »
3 Key Considerations for Long-Term Care Planning
For individuals in their 40s, 50s, and 60s that are currently healthy, it can be hard to imagine a point in the future when they may need to worry about long-term care planning. In addition, the idea of losing autonomy is likely to induce feelings of worry concerning what might occur and its financial… Read More »
How to Plan for a Parent’s Nursing Home Care
We’ve all seen the commercials on TV that urge us to pre-plan our funerals. When you think about it, though, many frequently consider nursing home care more essential than burial or cremation. First, recognizing that placing a beloved one in a nursing home is a frequent problem may be beneficial. Every year, millions of… Read More »
Discuss End-of-Life Care Plans w/ Your Family (Ahead of time)
Nearing the end of your life is never an easy topic to discuss. It can be even more challenging to set up legal documents and plan for end-of-life care, but it is essential to ensure your wishes are followed. In this article, we’ll explore what the End-of-Life Care Planning Process entails, its impact on… Read More »
How to Utilize Life Insurance to Pay Long-Term Care Costs
We hate to have to tell you this – but there’s a good chance you may require long-term care as you get older. Worse, if you’re like most Americans – you haven’t exactly figured out how you’re going to pay for this type of help. Almost half of American adults who turn 65 this… Read More »
Kennewick Estate Planning & Long Term Care Planning Lawyer
Quality estate planning in the Kennewick, WA area should start with informed decisions. This process should be about more than simply “who gets what” when a person passes away. Estate planning includes thinking about the use and management of your wealth during your lifetime and the legacy you choose to leave for your family…. Read More »
Caring for Loved Ones w/ Alzheimer’s
In 2020 a substantial portion of American baby boomers will reach age of 65 or older, which unfortunately means the risk for Alzheimer’s and other forms of mental illness will rise as well. It is projected that by the year 2030, folks who are within the 65+ age group will increase significantly, and will… Read More »
Managing COVID-19 Risks in a Long-Term Care Setting
There have already been many reported cases of COVID-19 in the United States, and unfortunately many of these cases have been occurring in older adults living within nursing homes or at other long-term care facilities. We’ve compiled this list of helpful actions you can take to keep yourself or your elderly family members safe…. Read More »
Number of Coronavirus Cases Rising in Some Senior Living Communities
With an increasing number of Coronavirus cases springing up across the country, we want to re-iterate the importance of helping your elderly family members stay safe if they are living within senior living communities. Senior living facilities in many states are now reporting upticks in coronavirus cases. As we all know at this point,… Read More »
Long Term Health Care Costs are Increasing
Recently, Genworth Financial published the results of its 15th Annual Cost of Care Survey. This comprehensive study is one of the most thorough publicly distributed analyses of long-term care costs within the United States. Centered on more than 15,000 unique data points which cover more than 400 distinct areas; Genworth Financial has recently concluded… Read More »