Assisted living is known by a number of terms – alternatives to nursing homes, senior living, senior residences, personal care village, retirement community – each state has its own variables and regardless of what it’s referred to as, it offers a solution that many families can appreciate. So is this nursing home alternative right for your loved one? Keep reading as we explore assisted living, its benefits and potential pitfalls. The first obvious benefit is that it allows your senior or … [Read more...] about Is Assisted Living Right for Your Loved One?
It’s difficult to even fathom, but a report released by the Journal of General Internal Medicine shows that 25 percent of senior citizens file for bankruptcy each year. The reason? Overwhelming out of pocket medical costs. The soaring costs are keeping many away from much needed medical attention, which is the true tragedy. The study shows that out of pocket expenses in the final five years of life totaled $39,000 for individuals and $51,000 for couples where one spouse dies. A staggering “25 … [Read more...] about Senior Citizens Reality: 1 in 4 File Bankruptcy