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.
Caregivers often spend their own time and money looking after aging family members. A personal care agreement is a great tool for tracking your contributions, ensuring you’re fairly compensated and safeguarding your loved one’s Medicaid eligibility.
Medical billing errors are surprisingly common, and it is up to you to be diligent about understanding your health care coverage and correcting inaccuracies. Know what red flags to look for and how to handle them before you pay the bills.
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.
Programs and assistance vary widely by state and individual circumstances, but some financial help may be available for family caregivers who are looking to offset the costs of providing care for an elderly loved one.
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.