June 2023

Understanding the Cost of Long-Term Care

Understanding the Cost of Long-Term Care

Long-term care costs are increasing across the United States and aren’t expected to slow down. According to the 2021 Genworth Cost of Care Survey, the cost of senior living and in-home care services has increased an average of 1.5 to 3.8 percent each year between 2004 and 2020. It’s important to know the costs when […]

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Understanding Your Insurance Options

Understanding Your Insurance Options for Paying for Senior Living

Nearly 70 percent of us will likely require some form of long-term care as we age, so it’s important to learn the expected care costs and plan how to pay for them. There are a few insurance options to help pay for senior living that you should know. We explore those insurance options and also

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VA Aid and Attendance Benefit and How It Can Help Pay for Senior Living

VA Aid and Attendance Benefit and How It Can Help Pay for Senior Living

Senior living care costs can add up quickly, so it’s important to know what funding options are available to you. Wartime veterans and surviving spouses may be eligible for a monthly pension to help pay for long-term care, including assisted living, home health care, adult day services, and skilled nursing. Learn more about the pension,

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Funding sources for senior care and housing

Funding Sources for Senior Care and Housing

Nearly 70 percent of older adults 65 or older will require some type of long-term or senior care services, so it’s important to plan for the costs and know what funding sources are available. Medicare only pays for services that require skilled or rehabilitative care – generally, only for a short period of time. Medicaid

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