Medicaid and Gift-Giving Can Be Risky

Mabel’s children were concerned that Mabel would need long-term nursing-home care in the near future. It was the holidays, and Mabel always got a lot of joy out of generosity. But her children had heard that people in Mabel’s circumstances should not give gifts. The concern is real. For Medi-cal to cover the huge expense of nursing-home [...]

February 1st, 2019|

The Cost of Second Wedded Bliss

When people marry for the second time (or more), losing assets to pay for their new spouse’s serious illness is probably the last thing on their minds when they say “I do.” But that could happen. Current costs for long-term care facilities can run between $70,000 – $150,000 annually. According to Longtermcare.gov, studies show that 70% [...]

January 31st, 2019|

Financial Benefits for Veterans and their Survivors

If you are a veteran, or if you are caring for one, it is essential to understand the many veterans’ benefits programs available through the Department of Veterans Affairs (VA). Often, financial support is available to a veterans spouse or their survivors as well as the veteran themselves. Even if there has never been a claim [...]

October 9th, 2018|

Helpful Ways to Pay for Assisted Living Costs

California assisted living rent can vary from $3,000 to $10,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($8,000 to $16,000 or more per month) or long-term in-home care ($24 - $30 per hour). If closely monitored medical [...]

August 30th, 2018|