1. Divestment– Each state has different laws related to divestment criteria to meet Medicaid eligibility. Many people as they become older and face high medical bills and living expenses want to give their assests away to their family members so they can qualify for state assistance. Most states are becoming more stringent about the number of years by which assests may be spent or divested and very detailed records and reciepts must be kept. It will be important to seek legal counsel early in retirement for appropriate planning.
2. Long Term Care Insurance– The rising costs of health care coupled by the longevity of the American Population Long Term Care Insurance may be a consideration for those planning for retirement in 5-10 years. We all look forward to retirement but do not want to out live our money. Long term care insurance may help. It is important to seek the help of your financial planner early.
3. Family Caregiver Web Site Tools:
CareCentral http://www.carecentral.com CareCentral is a personalized web service that allows users to create a private, secure online community for loved ones during significant health events. It is a free tool to update friends and family, organize and schedule offers to help, and encourage messages of hope, providing support when it is most needed.
CarePages http://www.carepages.com CarePages are free, private web pages that make it easy to reach out and receive messages of support and to stay connected to family, friends, co-workers and others who care about you and your loved one. The service is available to anyone caring for a loved one, but may be particularly helpful to those who have recently found themselves in a care giving role.
Eldercare Locator National Association of Area Agencies on Aging http://www.eldercare.gov Eldercare Locator provides referrals to Area Agencies on Aging via zip code locations. Family caregivers can also find information about many eldercare issues and services available in local communities.
Lotsa Helping Hands http://www.nfca.lotsahelpinghands.com Lotsa Helping Hands is a free-of-charge online service for creating private caregiving coordination communities where family and friends can stay informed and more easily provide assistance and support to caregivers. The service features many communication and social networking tools, including the ability to easily store and retrieve vital medical, financial and contact information, convey medical updates, and post photos. In addition, the easy-to-use calendar is specifically designed for organizing helpers, where everyone can pitch in with meal deliveries, rides, visits, and other tasks.
NFCA Senior Housing Locator 206-575-0728 Web site: http://www.snapforseniors.com e-mail: email@example.com NFCA Senior Housing Locator powered by SNAPforSeniors is a current, comprehensive and objective resource of all licensed senior housing in the U.S., including assisted living, residential care, nursing care and rehabilitation communities as well as Continuing Care Retirements Communities (CCRC) and a growing number of independent living retirement communities.
RxCompare http://www.maprx.info RxCompare™ is a free tool developed by Medicare Access for Patients-Rx (MAPRx) to help users determine if they need to enroll in a Medicare drug plan and, if they do, to systematically compare the drug plans where they live and select the best option for their prescription needs. RxCompareTM works in tandem with Medicare’s on-line “Prescription Drug Plan Finder” and with information available from plans or 1-800-MEDICARE.