What’s in a Will?

Thinking about creating a Will, but not sure what that really means? The structure of an Estate Plan will vary from person to person, but a comprehensive Will should include the following documents: 1. Last Will and Testament 2. Financial Power of Attorney 3. Healthcare Directives A Comprehensive Estate Plan Your Last Will and Testament is a legal document that …

Senior Caregiving Often Means “Financial Caregiving”

Senior-care game plans aren’t easy to put together. The medical considerations alone are burdensome. Coordinating doctors, appointments, medications, and treatment therapies requires more time and thought than most people realize. View image | gettyimages.com Even more onerous, though, are the financial considerations. In fact, a recent article at WealthManagement.com suggests that most of what we call “senior caregiving” is actually …

There Is No Manual for Being the Child of Aging Parents

First-time parents often lament the challenges of rearing a child. “Being a parent doesn’t come with an instruction manual,” we often hear. How true that is. Eventually, though, it’s the kids who find themselves looking for manuals of their own — navigating adolescence, landing a job, finding love, and all of life’s other dilemmas. Eventually, the quest for instructions comes …

Medicaid and Medicare Turn 50 but Still Have Growing Pains

The United States government is celebrating the 50th anniversaries of Medicaid and Medicare this summer, both programs officially having sprung to life on July 30, 1965. Websites like CMS.gov and AIDS.com are honoring the occasion with a “Keeping Americans Healthy for 50 Years” celebration. Both sites highlight the many changes, improvements, and advances in the two systems since President Lyndon …

How Does That Nursing Home Grade?

Nursing Home Grades After Changes to the Federal Grading Scale By the end of 2014, federal programs Medicare and Medicaid implemented a new grading scale to rate nursing home facilities. The new scale makes it harder for nursing homes to achieve more stars on a 5 star grading scale. With the latest report, more homes than ever before have received …

Guardianship For Elders

    In some cases, nursing homes are using guardianship taking control over their patients. Preparing for aging parents is tough financially, emotionally, and in some cases can include a sustained legal battle. A recent article highlights the Palermo’s and the tactic being used by their nursing home to pursue guardianship to protect their financial interest. What is a Guardianship? A …

Dementia Village and The ‘Truman’ Treatment

There is a new approach to dementia care in Amsterdam, and it’s inspired by the unlikeliest of things — a Jim Carrey movie. Hogewey is a small, privately run little town just outside of Amsterdam. It’s earned the nickname “Dementia Village” because it serves as home to more than 150 elderly people who suffer from dementia or other serious memory …

New Rating Rules for Nursing Homes in the U.S.

Medicare is changing the way it rates and reviews nursing homes in the United States. Until now, the popular five-star rating system, which thousands of families turn to when researching their options for senior care, has simply relied on the facilities’ self-reported and unverified data. http://gty.im/663713 But The New York Times reports that a series of sweeping changes will kick …