Women frequently take career breaks to care for loved ones. They make sacrifices at work by going part-time or requesting flexible schedules which can lower income and negatively affect career advancement. Some women choose to leave work entirely or take early retirement. This results in forfeited wages, lost employer benefits, potentially lower Social Security retirement benefits, and reduced retirement funds. Moreover, when it is time to return to the workforce, women often face difficulty finding a comparable job. We are here to help you do a financial checkup, to make sure you can afford to care for your loved one.  
Many people believe that Medicare covers the cost of long term care, it does not.  Skilled nursing home care is covered, however, it usually follows a hospital stay and is deemed necessary by a medical team as a transitional point of care until the patient is able to return home. This type of care is temporary and is covered by Medicare, up to 100 days. Medicaid does cover care, but recipients must “spend down” practically all of their assets before being eligible to apply for assistance. If a person has a reasonable income and assets, he or she will need to pay for care out of pocket until nearly assets are gone. If your loved one bought long term care insurance, he or she may have adequate coverage for long term care, be sure to review the policy. There are elimination periods and qualifications that must be met prior to policy activation.
We will help you get organized and map out a plan that helps you manage care for your loved one while making sure you take care of you. We go to work determining expenses and cash flow for your loved one's needs. Then we guide you through the process of getting your loved one covered. The demands of caregiving for an aging parent, relative, or spouse can be overwhelming, but the good news is that you're not alone. Support is available to help restore your life balance. Someday, you may be in the position to help other women in the same predicament by sharing what you've learned, continuing the circle of caregiving. Call us to discuss your personal situation; at no cost or obligation.
of working women decrease work hours to care for a loved one.
of women pass up a job promotion, training or assignment to care for a loved one.
of woman caregivers have health problems as a result of their caregiving activities.

Comprehensive Financial Help – Advice and Implementation

List of Services

  • Generating a Financial Statement
  • Evaluating the pros and cons of setting up a trust
  • Establishing estate beneficiaries
  • Projecting elder care living expenses
  • Analyzing current and future cash flow
  • Working with eldercare attorneys to establish estate strategies
  • Reviewing adult care options.
  • Assisting with long term care benefits and claims initiation.
  • Formalizing end of life care decisions.
  • Providing access to HIPAA release forms, health care proxies, and DNR forms.
  • Setting up budget and financial management strategies using our proprietary on-line program.

Interested in having us help you?

Click here to start today!

Judy’s Challenge

A younger woman with her arm draped around an older womans' shoulder, smilingRuth is the mother of four middle-aged children, Judy is her only daughter. Ruth lost her husband at 75 years old, she was able to remain in the family home in close proximity to friends, neighbors, and family. She enjoyed watching her grandchildren grow and she had little concern about finances thanks to her husband’s generous pension plan and his decent social security benefits. Today, Ruth is 86 years old. Her vision is impaired and recently she had to give up her driver's license, she is also unsteady on her feet. About six months ago Ruth fell and broke her hip. She recovered in a rehabilitation facility and returned home with just a few weeks of nursing services before she was on her own.  Although Ruth was visited frequently by family and friends, she lived alone at home. Judy stepped in as much as possible cooking, cleaning and running errands. She also managed much of Ruth’s finances. Despite running her own household of three, and maintaining a full-time job, Judy kept it all together. Her kids called her “Super Mom”.

Woman sitting at a table with a blanket around her shoulders and her hands on her face

About 6 months after hip surgery, Ruth fell again and was rushed to the hospital. The case management team told Judy that her mom could no longer safely live alone at home and encouraged Judy to seek full-time care for her mother.  Ruth did not have enough funds to pay for full-time care. Judy was exhausted, she knew her mom had a long term care policy, but she was not able to access the benefits right away. Judy gave us a call. At first, we determined what would be covered by Medicare, then we projected out-of-pocket costs and related expenses. Next, we reviewed the long term care policy’s elimination period and necessary requirements Ruth had to meet to activate coverage. Using Ruth's income sources, we created a financial plan that worked! During the elimination period, we helped Judy find licensed professionals to assist with her mom’s care at home. We had a discussion about the importance of physician statements, and medically necessary durable medical equipment that would be paramount for Ruth to remain safe at home. And we provided Judy with a plan to get her mom's care covered.

Ruth smiling and looking happy

Our analysis of the costs to keep Ruth home prior to her acceptance into the nursing home was pretty much spot-on. Judy was relieved to have the help and knowledge that there was enough money and coverage for her mom’s elder care needs.

Parting Thoughts...

Woman sitting at a table reading a book

Stress and anxiety can often slip away when you lose yourself in a great story. A well-written novel can transport you to other realms, letting tensions drain away and allowing you to relax. ~ Dr. R. Emmons