Ways to estimate Long Term Care Costs
If you are planing on saving a lot of your retirement funds planning ahead of time for Long Term Care insurance is highly beneficial. Traditional costs for long term care insurance are usually self funding, long term care insurance, a hybrid policy, hybrid policy with a long term care rider or Medicaid for those who don’t have many assets and low incomes.
Understanding your potential risks and costs can help save the initial impact that these costs have for a family. When it comes to things like home care, 80% of the[…]
Common Mistakes when selecting a facility for long term care
When looking for a facility for a loved one or a family member you want to make sure that they are receiving the proper care and will be living in a wonderful place. A lot of people research many places and have a hard time choosing for fear of picking the wrong one. The key to picking the right facility is knowledge! Make sure you are going over all the questions and concerns you might have or might run into prior to picking out a facility.
According to FiftyPlus Advocate, here are[…]
Solutions on improving Long Term Care Insurance
If you are turning 65 today you have almost a 70% chance of needing some type of long-term care services. Prices for long term care services can range from $40,000-$250,000. Congress recently has been taking action towards lowering costs that can be more affordable for seniors.
Here are some of the policy solutions to help improve Long Term Care insurance from AHIP:
- Let employees use cafeteria plans and flexible spending arrangements to buy LTC coverage. Allowing LTC coverage to be provided under a cafeteria plan would make it more affordable. This solution would have limited impact on the tax dollars[…]
How much is knee surgery?
Most Americans nowadays have no idea how much a knee surgery costs. In a recent study that kept track of all of the things that go into having a knee surgery or replacement Gundersan Health System reported that costs were almost five times as much as it cost the hospital.
In 2016 the average price for a knee surgery was $50,000. The actual cost reported during the study? $10,550 at most. Often times hospitals raise their prices on surgeries to cover costs to meet profit targets. A lot of patients with insurance[…]
Google: User Data Exposed
This past spring Google+ Social Network opted out of telling thousands of users that their private data was exposed in fear of damaging their reputation. Following the incident Alphabet Inc. announced a privacy sweeping which lead to the shutting down of Google+.
Originally Google+ Social Network was created to challenge Facebook. A software glitch made it possible for outside developers to have access to users private data all the way back to 2015. This has been related to the recent Facebook user information leak to firm Cambridge Analytica. This is widely seen[…]
Long term care Workforce Center
The American Health Care Association teamed up with Paraprofessional Healthcare Institute to create a new Long Term Care workforce center. This resource center was created to help reduce pressures with skilled nurses and senior housing centers.
The Workforce Resource Center allows workers and providers the information that they need. Training and professional development is provided on the website as well. This past weekend AHCA’s annual convention in California Mark Parkison, president and CEO went over some issues such as the staffing issues and workforce issues. One of the struggles is a record low[…]
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