Long Term Care

What is commingling money and how should you pay bills while in the process of applying for benefits?

By |2023-02-27T13:08:35-07:00February 27th, 2023|Long Term Care|

When you are applying for government benefits it is very important that you do not commingle funds that belong to the applicant with another person’s money.  The applicant should pay for as much of their living expenses as they can from their own account and directly to the creditor.  If a bill cannot be paid-in-full from the applicant’s funds and someone else is planning to pay the difference they should always pay directly to the creditor.  They should not give funds to the applicant. While [...]

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Paying for Long-Term Care: Are You Eligible for Veteran’s Aid & Attendance Benefits?

By |2019-10-03T17:26:55-07:00October 3rd, 2019|Long Term Care|

Paying for long-term care is an intimidating concept for many veterans who are beyond their working years. Around 7.3% of adults in the United States were military veterans in 2017. They tend to have a greater need for assisted living and healthcare services due to the strenuous and stressful nature of their jobs. A greater need also means that they usually paid higher insurance rates compared to those with non-military careers. A survey conducted in 2018 found that only 7% of veterans who responded felt [...]

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Does Medicare Cover Long-Term Care?

By |2018-07-30T21:21:39-07:00July 30th, 2018|Long Term Care|

Medicare is a great program that offers its beneficiaries incredible benefits, but it can’t cover everything. It wasn’t designed to. Medicare is simply health insurance for those who meet the program’s eligibility requirements. And, as with all insurance, there are limits to your coverage. Most long-term care, unfortunately, falls outside those limits, at least in terms of what we think of as long-term care. The good news is that Medicare does cover some long-term care, assuming you meet certain eligibility requirements. In this post, we [...]

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