Paying for Care Articles
Families often struggle to find funds for their loved ones’ care, but adequate planning and awareness of all available options can make a world of difference.
If a family chooses to hire a private caregiver instead of one through an agency, there are some important compensation rules that need to be taken into consideration.
Health care costs will take up a considerable portion of retirement savings, so it is vital to put away adequate funds and choose insurance plans are the best possible fit. Advance planning is the best way to ensure a happy and healthy retirement.
Family members often invest a great deal of time and their own personal resources to provide care for a loved one. A personal care agreement can track your contributions and ensure you are fairly compensated for your hard work.
Medical billing errors are surprisingly common, and it is up to you to be diligent about finding and correcting them. Know what red flags to look for and how to handle them before you pull out your checkbook.
As the end of the year looms, look at your flexible spending account (FSA) to see how much money remains. In many cases, you need to spend FSA funds by year-end -- or you lose them.
Prescription assistance programs make it easier for your qualifying low-income loved ones without prescription coverage to receive free or low-cost medication.
There is some financial assistance out there, if you know where to look.
Possibly, depending on your situation. It is perfectly legal for your mother to pay you for getting care she would otherwise have to pay someone else to provide if you didn’t.
According to a survey conducted through AgingCare.com, the cost of caring for elderly loved ones has a significant financial impact on caregivers.