Having to pay for long-term care puts millions more Americans at financial risk, according to a new study by my friends at the Center for Retirement Research at Boston College. Nearly two of every three of us will be unable to maintain our pre-retirement standard of living once we include the cost of long-term care insurance or the need to tap home equity to finance the personal [...]
Congress and President Obama say they want to pass a massive health reform bill this year. But will they include desperately-needed changes in the way we deliver and pay for long-term care services for the frail elderly and those with disabilities?Right now, that is an open question. Some key lawmakers are pushing for major reform, but others are reluctant to [...]
Welcome to my new blog, Caring for Our Parents. I hope this blog can be a way for us to have a conversation about the way we care for the frail elderly and those with disabilities in the U.S. My wife and I helped care for our fathers, so I know a little bit about this assistance from first-hand experience. [...]