Kathryn T. Joseph & Associates, Inc.
216-245-0504

long term care planning Archives

Using the Veterans Aid & Attendance Pension Benefit for care

Veterans and the surviving spouses of veterans in Ohio may be eligible for a little-known benefit from the Department of Veteran Affairs. This program offers monthly benefits to help to pay for long-term care when people grow older and need help.

Long term care planning begins at 50

Ohio residents may not think it necessary to consider long term care planning while they are still so young and healthy as they are in their 50s. But that's exactly the point. Long term care is a thing that becomes much more difficult to plan for and establish for those who wait until they need it. Generally speaking, there are three approaches people take when it comes to planning for long term care. They plan to rely on Medicaid or other government programs, pay for it themselves or purchase insurance policies to cover costs.

How to handle long-term care needs

Ohio residents may be able to live for 20 or 30 years after they retire thanks to advances in technology. While living longer may be a nice thought for many, it also means additional financial planning as well as planning for long-term health care needs. People of the age of 65 have a 70 percent chance of eventually needing some sort of long-term care, according to the U.S. Department of Health and Human Services.

My father has a heart problem and I'm overwhelmed

We spend our entire lives looking up to our parents for their guidance, wisdom and even financial support. When you have a parent in decline, it can be devastating, and you may feel overwhelmed by the responsibilities and difficult decisions you have to make.

House panel endorses changes to Medicaid accounting

A U.S. House of Representatives Energy and Commerce health subcommittee voted 19-13 on Feb. 7 to endorse a bill that may change how Ohio and other states calculate couples' annuities for nursing home benefits. H.R. 181, which went through a detailed review by the panel, was introduced by two Republicans.

How to help an elderly relative with financial planning

With Ohio seniors living longer, fuller lives now than ever before, it can be difficult to know when to step in and help an elderly relative. This is an issue that family members find it is best to tackle before it becomes necessary. If provisions and desires are accounted for ahead of time, the transition could be easier when the time comes.

Determining if a conservatorship is the best option for your aging parent

The world is changing fast, and the elderly are one of the most highly targeted population groups when it comes to those who try to manipulate them financially. Medical decisions are difficult as well. Particularly, with the advancement of medical science treatment options for various medical ailments that simply were not an option a few decades ago. For some seniors, the constant flooding of new information can be overwhelming, especially for those who suffer from a specific weakness or illness, including dementia. One way many families seek to protect aging parents who may be vulnerable, but not necessarily incompetent, is to seek a conservator for that parent.

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Kathryn T. Joseph & Associates, Inc.
Executive Commons West
29425 Chagrin Blvd.
Suite 305
Cleveland, OH 44122

Toll Free: 888-335-6650
Phone: 216-245-0504
Fax: 216-765-8817
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