long term care Archives | Page 2 of 2 | Reverse Mortgage Alabama

These financial advisors help their clients tackle this unknown looming cost of long term care; 70% of us will need. CNBC KEY POINTS. A person turning 65 today faces a nearly 70% chance of needing long-term-care services during their remaining years, government research shows. With prices soaring on insurance policies that provide straight coverage, some…

U.S. Govt- How to pay for care. Costs & How to Pay for care – Paying Privately for care – Reverse Mortgages to pay for care. I found this publication by the U.S. Department of Health and Human Services on LongTermCare.gov. To help find your path forward. The Basics Just beginning to think about long-term care? Start here; it’s…

Data Confirms Reverse Mortgage Borrowers Have Little Wealth Outside Home According to recent research data, despite some of today’s reverse mortgage efforts targeted toward a population that is using home equity as a comprehensive planning tool, the borrower demographic of the past still holds true: borrowers of Home Equity Conversion Mortgages (HECMs) are made up…

Diving Deeper into Medicare Advantage’s Potential for Aging in Place Aging in place remains a major priority for many seniors who take out a reverse mortgage, using the proceeds from their loan to help make the goal of staying in their house more possible. With newly-proposed changes to the Medicare Advantage program having the potential to allow…

Life Resource Planning Focuses on the Need for Eldercare Certain diseases, disorders, accidents or injuries result in disabilities that last longer than a few weeks or months. Many of these become permanent problems and although the disabled person may eventually adapt to take care of himself, a caregiver is often needed. The location of where…

Need for long term care plan Very few families are prepared for the challenge of long term care for a loved one. This is because very few families plan for the contingency of needing long term care. The seniors themselves typically ignore the need for planning and the children or grandchildren are tied up in…

How to Care for Loved Ones from Miles Away In today’s world, it’s common for families and friends to be separated by great distances. At some point in their lives, your parents, grandparents or a loved one may need in-home care. Suddenly, you are faced with the challenge of long-distance caregiving. The best approach to…