Long Term Care And Elder Planning For Seniors

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byAlma Abell

Most people find it difficult to think about the later years in life. Planning for the future means facing the inevitable, which can be quite a challenge for most. Unfortunately, the facts of life can’t be avoided. Planning for the later years in life is necessary for many different reasons. When a person passes on their things will be left behind. This could include a home, bank accounts, and even debt. Plans need to be made to address these items in a way that benefits family members left behind. It’s also important to plan for long-term medical care and assisted living arrangements. There will come a point when a person is no longer able to care for themselves and assistance may be needed in order to meet the requirements of daily living.

When it comes to Elder Planning the decisions are easy to make, enforcing them can be a little difficult. When a person loses the capability to make their own decisions family members will need to make the decisions for them, unless other arrangements are made. The wishes of an elderly family member may not be agreeable to younger family members. Without the proper arrangements, the elderly family member might not have a say in what happens during the final years of their life. Service providers such as Facer Law Offices can help establish a legally binding document that assures those wishes will be fulfilled. This kind of authority is granted by state laws in documents such as a final will and testament or estate plan.

When it comes to Elder Planning there are several kinds of arrangements to be made. Long-term medical care is especially important. By making plans well ahead of time and granting power of attorney senior citizens can make sure they get the care they need even if they can’t take the responsibility on anymore. Senior care can be an involved process that requires the help of trained professionals and medical care providers. Assisted living arrangements can be made long before they are needed, making the final years of a senior the most comfortable years of their life. You can also like them on Facebook for more information.

Educating Yourself In The New Government Health Care Plan

Educating Yourself In The New Government Health Care Plan


Ethan Kalvin

January not only welcomes the coming year but also it the beginning of healthcare reform changes. Changes, however, aren’t always welcomed as most people are uncomfortable being out of their element especially if they don’t understand how those changes are going to affect them. Many times the changes aren’t bad but not knowing how it effects each individual personally leaves people in an anxious state.

There won’t be many major changes in the health care plan reform in the next two years due to the current political leaders wanting to get re-elected. There are over 100,000 pages of regulatory jargon in the health reform bill but the big stuff will happen in 2014. Most of the present changes aren’t really going to affect the consumer in any negative light. The changes are positive in that there won’t be a cap on your health insurance coverage or limit the ability to get coverage if you have been denied before because of pre-existing conditions. These changes will cause a rise in the health care insurance premium.

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Health care policies for individuals will have the same types of changes as those for employer offered plans. Changes will be diminutive and the cost of the healthcare insurance premiums will rise. Large companies that have over 550 employees must offer health insurance plans to their employees or face a $2,000 fine for each employee. Companies will have to make sure they are following the law or face the fines associated with no complying.

Medicaid would extend coverage to those who have an income less than 133 percent of the federal poverty level. One of the biggest sectors that will feel the change will be those individuals in the Medicare system as this program is scheduled to receive $500 billion in cut in the coming decade. There are concerns as to how this will affect health care coverage for the aged.

The newest and perhaps most interesting change in the health care system comes in the form of exchanges which will help to provide health insurance to those who do not receive health insurance benefits through their employer and those who work in and run small businesses. In the exchange program those who draw an income that is insufficient to pay for health care premiums will be provided with insurance premiums that are more affordable to them allowing for subsidization of health insurance premiums which would hopefully allow people in this sector to be better able to afford their health insurance coverage. Having a better overall understanding of the proposed health care plan and the changes that you can anticipate can help dispel some of the mystery and fears associated with the upcoming changes. Understanding how these proposed changes will affect your life will allow you to better prepare for your future.

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