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long-term care insurance

LTCI – Who Benefits the Most? Policyholders or Loved Ones?

Do you have a plan to pay for long-term care (LTC) services? Long-term care insurance (LTCI) helps protect a policyholder’s income and assets against the financial risk of an LTC event. While people may think policyholders benefit the most, LTCI can protect the whole family. LTCI benefits policyholders in many ways, including the following: 1. LTCI Protects Your Hard-Earned Income & Assets It’s no surprise that LTC services are expensive. According to Genworth’s 2018 Cost of Care Survey, it currently costs $48,000 per year to live in an assisted living facility. In 20 years, the cost is estimated jump to…

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Three Things Every Senior Needs

Amada Senior Care is committed to enriching the lives of seniors, and we believe the following three things are vital to seniors living happier, healthier lives. 1.  An Aging Plan Most seniors take steps to ensure they have a will in place should anything happen to them. However, only 25 percent of Americans have recorded their end-of-life medical wishes in a legal document. The problem with this is that more than half of patients are unable to participate in end-of-life decisions when they need to be made. The solution to this is creating an Advance Directive for healthcare, which can easily be…

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Navigating Long-Term Care Insurance for Your Parent

When you first noticed that your parent’s age was limiting them, what questions came to mind? Did you struggle to accept the reality of their aging or worry about their wellbeing?  Did you wonder what preparations were in place for their needs? Besides the questions you may have asked yourself, there is one question you must ask your aging parent: “Do you have a long-term care insurance policy?” After a health crisis, anyone may find they need long-term care. But since senior citizens especially are at a higher risk for debilitating health problems, they are more likely to need it. Long-term care…

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10 Senior Benefits to Remember for Financial Planning

Whether it is done independently or with the help of trusted advisors, seniors must organize their finances in the case of a crisis, but more importantly, before a crisis happens. The dreaded “health crisis” – a situation where a senior suddenly suffers injury or illness that requires treatment in a hospital – is usually what spurs families to organize the senior’s finances, health coverage, further treatment and living arrangements. The drawn-out task of reorganizing a senior’s life after a health crisis is painstaking and sensitive to error; which can happen easily if done in a hurry. With financial planning done…

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What to Look for in a Senior Care Agency

If a senior reaches a point where he or she needs care, but wants to maintain a level of independence at home, in-home care is a good option to look into. If you’re looking to find home care for your loved one, you’ll want to find an agency that is compassionate, qualified, and professional. So what does that entail exactly? Here are a few things to consider when searching for quality in-home senior care. Are they Licensed and Qualified? Is the agency fully licensed by the state? Most states require that home care agencies have a license and be reviewed…

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