Archive for the ‘Financial’ Category

Calculating The Cost Of Care

Posted on November 14th, 2011 by kim

Genworth Financial map

by Kim Keller

Here’s a fabulous resource: The Genworth Cost of Care Survey, which provides the costs for various home care providers, adult day health care centers, assisted-living facilities and nursing homes.  The survey notes the lowest, highest and median costs of these services by state (including the District of Columbia), as well as the median annual costs of care by city.

Here are the national median costs for:

Homemaker (Personal Care Assistant or Companion): $18/hour

  • For someone who lives at home and needs additional household help, such as housecleaning, cooking, running errands, companionship
  • No personal or medical care provided
  • Price is based on a non-Medicare, licensed agency
  • Most agencies require a 4-hour minimum
  • Genworth notes that the lowest hourly rate is $9 and the highest is $34
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Understand How Medicare Works

Posted on October 5th, 2011 by kim


by Kim Keller

It would’ve been helpful if we’d had a basic understanding of Medicare from the very beginning.  Instead, we learned all about Medicare the hard way, when our dad’s coverage reached its limit.  And so we thought we’d share with you the essentials of Medicare to help you better navigate the system.

Medicare is a government health-insurance program for people 65 and over, regardless of their income level.

Medicare is broken up into four parts:

  1. Medicare Part A provides coverage for hospitalization, skilled-nursing care and in-home care, and hospice care.  Most people have this coverage automatically when they turn 65, and there is no monthly premium.  There is an exception to this:  If your parent or parent’s spouse didn’t have enough Medicare taxes deducted prior to retirement, then coverage is not automatic and a premium is required.
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Start A Financial Conversation

Posted on April 26th, 2011 by karen

by Joan Blumenfeld, MS, LPC

Our elderly mother was beside herself.  Our 85-year-old father was dipping into their retirement funds to buy junk bonds on margin.  Then he was going to Mother requesting cash from their savings accounts to cover his losses.  She was in a panic about this seemingly surefire formula for financial disaster.

Though neither of us is a lawyer or financial advisor, my brother and I agreed that we had to intervene.  And so we did.

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