Senior Asset Solutions’ Post

New: VP Harris is proposing a plan to expand Medicare coverage to include long-term care services, including #homehealthaides, for seniors and people with disabilities. The plan would be funded by the savings from her proposal to expand Medicare drug price negotiations and lower health care costs. It also is important to consider the broader #macroeconomic impact about which Kamala Harris for President, 2024 has opined. People will be cared for in any case, in their homes or in an institutional setting, whether through family finances or government support at the National and State levels (e.g., Medicaid). It is vastly more expensive to care for people in the institutional setting of a long-term care facility. Where medically possible, it is better macroeconomically if people can be cared for in their own homes or in a small group setting. As VP Harris also has stated, inability to afford in-home care and inability to access Medicaid requires someone to provide this care as a #volunteer. While admirable, it takes them out of the #workforce, reduces their #income capacity, and reduces their contributions to our #consumer-driven economy. It's time for our society to move into adulthood and execute strategy at a #systems level because that is where #reality is inescapable.

Paving the Way for Affordable, At-Home Elder Care🌟 Vice President Kamala Harris has introduced a proposal that could reshape Medicare, allowing it to cover long-term, at-home care. Currently, Medicare only covers limited home-based care after surgeries or hospital stays, but this expansion could change that—providing essential support directly in seniors' homes. If approved, this plan would enable more seniors to receive affordable care at home, reducing the need for costly nursing homes. Families would gain access to home health aides and at-home services without depleting their savings to qualify for Medicaid. With home care costing around $3,000 less per month than nursing home care, this shift could bring significant financial relief to countless families. Learn more today: buff.ly/49lL0EO #estateplanning #digitalassetprotection #lastwillandtestament #executor #TrustPlanning #assetprotection #blendedfamilies #estateplanningforminorchildren #probate #estateadministration #trusts #specialneedsplanning #specialneedstrusts #powerofattorney #Medicaidplanning #longtermcareplanning #eldercare #elderlawattorney #elderlaw

Confused about Paying for Senior Care in California? We Can Help! Don't let navigating elder care options leave you feeling overwhelmed. At Financial Security Designs, we specialize in helping California families understand Medicaid eligibility and aging-in-place solutions for their loved ones, among many options available. Here's the truth: most people have NO IDEA about all the options available to pay for quality care without a hefty price tag. From in-home assistance to assisted living facilities, there's a solution that fits your needs and budget. Here's how we can help: * Free Consultation: We'll sit down and discuss your specific situation, exploring all the financial options available. * Peace of Mind: Gain clarity on Medicaid eligibility and understand ALL your financial options to help your loved one age comfortably at home. * Avoid Nursing Homes: Explore alternatives that allow your loved one to maintain their independence and familiar surroundings. Don't wait! The sooner you plan, the more control you have over your loved one's care. Contact Financial Security Designs today for a FREE consultation: VABENEFITSONLINE.COM Elder Care and Medicaid Eligibility for over 25 Years. Get your questions answered. Ask for Tony. #SeniorCare #California #Medicaid #AgingInPlace #FinancialPlanning #PeaceOfMind

We need to chat about something… it’s all too often a silent challenge many of us face: managing our aging parents' finances and healthcare. As middle-aged professionals—often women—we become the caretakers. It's not just about providing love; it's about being informed and proactive. Essential steps to secure well-being: ● Medicare: Ensure your parents enroll in Parts A, B, and D. ● Supplemental Plans: Explore Medigap and Medicare Advantage for comprehensive coverage. ● Medicaid: Understand eligibility and asset protection for limited resources. This responsibility is daunting but crucial. Being prepared avoids financial strain and ensures our parents' comfort and security. Let’s empower ourselves with the knowledge to make these decisions confidently. How are you managing this challenge? Share your strategies. #CaringForParents #FinancialCaregiving #EmpowerWithKnowledge

Presidential campaigns advancing the home care discussion What a welcome development to hear Vice President Harris, as she continues to roll out policy proposals, proposed a new Medicare home care benefit. If implemented, this would be a game changer for the home care industry, and of course for Medicare recipients who don't qualify for Medicaid. In response, the Trump campaign said it would "prioritize home care benefits," though it did not propose any specific new programs or benefits. The bottom line is that while there are still a lot of questions swirling around the candidates' positions/proposals, and making the leap from policy proposal to implementation is, well, difficult, the candidates' focus on the home care industry is welcome and a reflection of the growing recognition of the need for increased public investment in, and commitment to, home-based care. #homecare #homehealthcare #Medicare

Approximately 62% of nursing home residents in the U.S. rely on Medicaid as their primary payer for care. Among older adults (65+), about 2.3% live in nursing homes, representing 1.3 million individuals as of 2023. Medicaid plays a critical role in funding long-term care, covering over half of such residents nationwide. motherhealth bay area caregivers 4088541883 Have an income doubler for home health inside an index Annuity

A very interesting and needed proposal. Getting the LTC and Medical parts of the equation together for the benefit of Seniors. This has been a gaping whole in coverage that the private market has not been able to address. It kind of reminds me the pharmacy gap that existed before Part D came along. What is your take on this proposal?

When people are admitted to a nursing home, move to assisted living or buy into a continuing care retirement community, most just sign where they are told to sign, failing to carefully read the terms of the contract that often includes an arbitration clause. Do not sign it! A federal rule from the Centers for Medicare and Medicaid Services states that residents are not required to sign an arbitration agreement for admission to or for the right to remain in a facility. Residents have 30 days to rescind an arbitration agreement if they already signed one. #elderlaw #estateplanning #massnaela #naela #pittsfieldma #intheberkshires #westernmass #berkshires #seniorcare #lifecareplanning #veteranbenefits #estateadministration #berkshirelawgroup

Breaking Down What You Need To Know. Medicaid is a critical resource for older adults who require long-term care, but lack the financial means to pay for it out of pocket. It provides health coverage, including nursing homecare and home and community-based services, but eligibility is subject to complex rules around income and asset limits. HM Law helps you navigate these rules, by providing strategies to ensure access to Medicaid benefits while preserving as much wealth as possible for the family. Understanding Medicaid’s intricate regulations is vital for both financial planning and securing necessary care in later life.