Baby Boomers U. S. (The Blog)

Posted: 06 Jun 2012 03:41 PM PDT

The real BBUS post can be found here… How Expensive is Long Term Care? by Joe Hauckes © Baby Boomers U. S. (The Blog) . Not on Senior Zen!
Iframe support required to view this content.We were lucky.

Karen’s father had enough money from a few law books he had written and a pension from a major university where he taught to take care of himself in his old age.

Something we found out, with Karen having Power-of-Attorney and doing most of the finances for her father, is how expensive getting old and needing to be taken care of can be. Let me tell ya, it ain’t cheap!

This is a small example of how much it costs, way back in 1995 until 2008 when her father died.

In Karen’s own words…

In 1995 at the age of 73, my dad made one of the best decisions he ever made (other than marrying by mother and adopting me). He signed up for an in-home care and extensive care policy with Friends Life Care at Home.

The entry fee at that time was $15,000, more or less a down payment. Each year after that the annual fee was $5,200 with an annual increase each year that depended upon various factors like the cost of living percentage. (The final annual rate when he passed at way at 86 years of age in 2008 was $7,500 per year.)

While dad was still at home and mostly able to fend for himself, F.L.C.@ H. sent caregivers to his house 5 days a week for 4 housrs a day. They would help him shower, cook lunch and dinner for him and did laundry, light housekeeping and food shopping. The payment of $50.00 per hour came direcly out of his account funds.

In 2004 he went into an Assisted Living Facility. The cost for a one bedroom apartment, with a den, living room and kitchenette was $54,000 per year. His “rent” included the apartment, 3 meals a day, changing and washing bed linens and bath towels, weekly cleaning of the apartment as well as the water, heat and electric. He also received care management with medications, wound care, blood pressure and weight checks when necessary.

The account he still had with F.L.C. @ H. continued to pay $85.00 per day toward his rent, it was his money after all and he was still paying for the service. If there was a need for longer care, they would send in their cargivers to take up the slack from the Assisted Living Facility.

Well, that was then and this is now. Everything is more expensive. Since 2oo8, we’ve had a recession, the cost of housing, food, gas and just about eveything else has gone up and the cost of Health Care is in the Stratosphere.

We plan on doing some serious looking around and doing some serious research to make a decision on how we handle our Long-term health care needs.

How about you?

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Baby Boomers Blog Carnival One Hundred forty-third Edition

Posted: 06 Jun 2012 03:54 AM PDT

The real BBUS post can be found here… Baby Boomers Blog Carnival One Hundred forty-third Edition by Joe Hauckes © Baby Boomers U. S. (The Blog) . Not on Senior Zen!
Welcome to the June 6, 2012 edition of the Baby Boomers Blog Carnival. There are some really well thought out and insightful Boomer articles for you to peruse this week.

So, grab a cup of coffee (or tea), sit back in your most comfortable chair, put up your feet and Enjoy.

This one’s for you!

Entertainment

Sue Waters presents 9 Unsung Heroes of Automotive History posted at Car Insurance Blog News, Tips, and Quotes.

Terry Hamburg presents Baby Boomers! What Time Is It? posted at BabyBoomerDaily.com, saying, “The puppet with 48 freckles representing 48 states became the first TV superstar.”

Family

Jessica Jackson presents 10 Unusual Things You Can Do At the Zoo posted at Summer Nanny Jobs, saying, “Lions and tigers and bears, oh my! These can be so much fun to look at, especially when you also get to see the monkeys and snakes and giraffes. But wouldn't it be even better to do something more than just look at the animals? Many zoos offer special programs and activities that can really enhance your visit.”

Yelin george presents 10 Things You Can Do If Your Favorite Show is Cancelled posted at Cable TV Providers, saying, “When a television show has a small, loyal cult following but suffers from comparatively low ratings, networks can find themselves fielding a barrage of attention from these loyal viewers when they move to cancel the show. There are times when the concerted efforts of these groups have actually led to the show being saved, even after the fact. So if your favorite program has been canceled, here are a few things you can do.”

General

Control your Cash presents Preventative Maintenance, Your New Best Friend posted at Control Your Cash: Making Money Make Sense, saying, “You’re poor because you’re stupid. Get less stupid, be less poor. Here’s how to do it in just a couple of easy steps.”

Dr. Dean presents What Are The Benefits Of A Second Home | The Millionaire Nurse Blog posted at Dr. Dean’s TheMillionaireNurse.com Blog, saying, “Is this the time for you to buy that second home? Maybe the moon, sun, and stars are lined up and it’s the perfect time….but, maybe not.”

Health

Jeremy Biberdorf presents Putting Your Health Before Your Finances posted at Modest Money, saying, “One area that I was particularly naive was how I viewed health. I thought that while I was young with no obvious problems that I just didn't need to worry about it. As a result I was irresponsible and abused my body. This may not seem like a financial mistake, but I'm really learning it all comes full circle.”

Tanya Yoworski presents 10 Negative Effects of Anxiety on Your Brain posted at Medical Billing and Coding Certification.

Tracy Miller presents 6 Ways to Prevent Skin Cancer posted at Insurance Quotes & Free Financial Guides.

John Buckley presents How to Stop Snoring – Presenting Some of the Most Simple Techniques posted at Stop Snoring Devices.

Steve Faber presents I Am Diabetic, My A1C is 5.4 – Here Are 6 Rules to Keep Your A1C Low Too posted at Belly Fat Loser, saying, “Your A1C is a vital indicatior of yoru overall health. If yo have diabetes it reveals more about how under control your sisease is than any other measurement. Here’s how I keep mine within the normal range, ad how you can too.”

Retirement

Theresa Torres presents Six Common Issues Retirees Face in the Philippines posted at RetirePhilippines.com, saying, “If you’re one of the many soon-to-be retirees who are thinking of moving to another country and are looking for a place with a beautiful climate and low cost of living, the Philippines can be a good choice for you. Here are some issues though that you need to deal with to make the transition easier.”

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