Nursing homes cost over $125,000 a year. Medicare and health insurance don’t pay for this. Fortunately, Medicaid does. But impoverishment is the price of admission into the Medicaid program. While most spend themselves broke, a savvy few manage to qualify for Medicaid without forfeiting their estate. One way for single clients to do that is with the “gift & annuity” strategy.
Under gift & annuity, a person gifts a substantial portion of their estate – typically about half of their assets - outright or into a trust. At the same time, the remaining assets are converted into an income stream via purchase of a Single Premium Immediate Annuity, or “SPIA.”
As we age, our risk of experiencing a serious fall increases. Each year, one in three adults suffer a fall, many of which result in serious injury, hospitalization, nursing home admission, or even death. Falls can happen due to changes that occur with normal aging such as stiff joints, muscle weakness, and slower reaction times. Falls can also be caused by medical conditions and/or the use of certain medications. Additionally, a high number of falls are the result of dangers found within the home.
Maxim Healthcare Services has been approved as a home healthcare provider for the Division of Coal Mine Workers' Compensation, or Federal Black Lung Program, within the Department of Labor (DOL) Office of Workers Compensation Programs (OWCP).
Many older adults find that simple cuts and bruises take much longer to heal than they did in the past. Even more problematic, some individuals have wounds that never heal completely. Compromised immune systems, decreased skin elasticity and less fat underlying the skin all contribute to increased wounds and slower healing time as we age, said Steven Bowers, DO, Network Medical Director, St. Luke’s Wound Management. Although it’s common for healing to take longer as we grow older, significantly slower-healing or non-healing wounds pose a serious threat to the health of the patient.
These four words characterize the Leader family’s role in the senior living profession for more than 55 years. This summer, the third generation of our family in the person of Meredith Janeczek Mills, granddaughter of Country Meadows founders George M. and Mary Jane Leader, has taken on a senior leadership position in the company—chief operating officer. Meredith has a master’s degree in Health Care Administration from Penn State and has served as a campus executive director, regional marketing director and, prior to her promotion, vice president of Strategic Planning.
Wed. Mar. 13, Apr. 10 at 12 pm. Traditions of Hanover Bethlehem, 5300 Northgate Dr., Bethlehem. Monthly networking group for professionals hosted monthly and features a speaker and time for networking - $5.
Lehigh Valley Aging in Place Mixers
Wed. Mar. 20 Westminster Adult Day Services Mixer 4-6PM, 803 N Wahneta St, Allentown, PA 18109
Wed. Apr. 17 Fox Rehabilitation, 1251 S. Cedar Crest Blvd., Allentown 18103, PA
Aging in Place Coalition (LVAIP) provides an ongoing forum for professionals from private, public and non-profit business sectors to inform, educate and help older adults age in place. lehighvalleyaginginplace.org