Understanding the Common Types of Trusts
There are a number of different kinds of trusts, but they fall into two basic categories: testamentary and inter vivos. One g...
Read moreAdult day care, also known as adult day services, includes programs that assist seniors in completing activities of daily living, such as bathing, going to the bathroom, and getting dressed. Adult day services also help older adults remain social as they age, an important part of maintaining a healthy lifestyle.
If you are the caregiver of an older adult, you may consider using an adult day care to increase their quality of life. Here, learn more about services that can enhance their physical, mental, and social health. You’ll also find information on potential payment options and whether these services are a good fit for your loved one.
There are three categories of adult day care services:
You may choose one type or another based on your needs or the needs of your older family member. Fortunately, many facilities provide each service under one roof. Continue reading for more details about each type of adult day care service.
Social adult day care includes non-medical supervision and care for patients. Social adult day care focuses on patients’ mental and physical health by increasing social interaction and providing nutritious meals.
Adult day health care provides physical, occupational, and speech therapy services. These programs usually have trained nurses on staff. Patients can look forward to receiving good meals and participating in social activities.
Specialized adult day care services tailor their care to patients with Alzheimer’s or other types of dementia. Caregivers adapt the available social and health services to patients’ abilities.
The cost of adult day care services depends on the state. According to the Genworth Cost of Care Survey, the following is a state-by-state monthly cost of care breakdown:
The numbers above can seem staggering, especially since it is a monthly expense. Fortunately, there are many ways to offset the cost of adult day care, including Medicaid, veterans programs, and private payment options.
The criteria to qualify for Medicaid programs that cover adult day services vary by state. Medicaid Waiver Programs sets the standards who is eligible for senior day care. Examples of what the Medicaid Waiver Programs consider when apportioning payment for day services include the applicant’s income, financial resources, and functional ability.
Medicaid Waiver Programs are partially based on the applicant’s financial status (income and the value of their countable assets). The financial criteria vary from state to state.
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Income requirements for Medicaid are set by the state. Factors that your state’s Medicaid Waiver Programs may consider include your and your spouse’s combined incomes and your countable assets.
If you are a retired service member, you may qualify for veterans benefits that cover adult day care. If you qualify for community care and meet the clinical criteria for an available service, your adult day service costs are likely covered.
Choosing an adult day service is an important task. The facility will be caring for your family member, and you are making a large financial commitment. Consider the following before making your final choice:
This is not an exhaustive list. If you are considering enrolling in an adult day service, find expert help online.
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Read moreIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MOREIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
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READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
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READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
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READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
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