Pay Your Kids to Care For You?

This is one of the most common questions we get.  Can I REALLY hire my own adult children to be my caregiver?  The simple answer is YES!  Before we get into the how, let’s look at the why.  Caregiving is not for the faint of heart, yet there are more than 14 million people in the world providing caregiving services at no cost.  Many actually live with the one they care for, and most are family.  For several reasons, this is becoming more and more common.  People have lost their jobs due to the economy, some have made the decision to take themselves out of the marketplace in order to be the caregiver their loved one so desperately needs, and there are more people in need of care every year.  And these numbers will only increase with the aging baby boomer population.  So, what are your options, you ask?  Well, here are the most common funding sources used today, not including savings: Long-Term Care insurance – sadly, less than 14% of the entire population has this type of coverage.  When they finally decide they could use it, they cannot qualify due to health and/or premium rates being too high. In-Home Supportive Services – In California, we have this through Medi-Cal.  In other states, there are similar programs at the state and county level under Medicaid.  Typically, they provide funding to assist with the cost of caregivers in the home. Nursing Facility Waiver – Again, this is a California program, under the In-Home Operations Division of Medi-Cal.  This can provide up to 12 hours of care per day. VA benefits...

What the Nursing Home Can’t Tell You!

You may be thinking, “What kind of title is that?”  Well, before I get into that, let me say that I am grateful for all that came our way in 2013 and looking with great anticipation for the upcoming year.  Truth4Seniors has seen the following milestones since this time last year: New Truth4Seniors TV show – Airs live on www.centralvalleytalk.com, every Wednesday at 2pm.  In addition, every show will soon be available on our Truth4Seniors YouTube account. New Truth4Seniors Radio program – Airs live on KGED 1680AM every Saturday at 2pm.  This show can also be viewed on demand at http://www.ustream.tv/channel/truth4seniors.   New partners!  Home Instead Senior Care, Right at Home, Assisted Transition and a couple others to be announced as soon as the ink dries!  Workshops – Every workshop we have offered will soon be available on-demand on this site!  This is in direct response to many of you who stated that you aren’t able to attend our workshops, as you are too busy being a caregiver.  Watch for this in the next couple of weeks! Our newest CD, “What the Nursing Home Won’t Tell You – How to Get the Best Care Without Losing Your Life Savings” is available at no cost for a limited time.  You can order it online by going to http://protectyourlifesavings.com/free-cd. What They Can’t Tell You This newest CD has created quite a bit of excitement among our listeners, as well as some of our friends in the skilled nursing field, as you can imagine.  So perhaps a little explanation would serve us well.  You see, this CD isn’t so much about whether or...

Don’t Go Broke Paying the Nursing Home!

Last week I was found through Facebook by a friend I’ve known since sixth grade, and boy did we have a great time getting caught up.  Even though we are the same age, its always the other guy getting old, right?  The next day, I was put in touch with another very close friend that I lost contact with after graduating high school, and the tables were turned, and she let me know that the years were passing me by.  Well, it got me to thinking about several things, one of which was how blessed I am to have lived to the ripe old age of fifty-one, and to have so many of my childhood friends still close.  Over the weekend, my wife and I were at another high school friend’s home, and after some discussion, we determined that we are the only ones that have stayed married all this time!  Growing older can take its toll, and when it does, how prepared are we?  All of the sudden, you have a health scare, or worse, a medical condition, and you realize that you could have done better, or wish you would have planned in a way that would have afforded you more options.  Today, many people are experiencing chronic health issues and finding themselves in a nursing home, either for skilled therapy, or for long-term care.  The cost is prohibitive for the majority of folks, averaging $7,592 per month in California last year.  Unfortunately, some are paying the private pay rate, or what I call the “retail rate”, and have not been informed of their options to reduce and/or...