Estate Planning and Elder Law Blog

Medicaid - The Ticking Time Bomb

Medicaid is the primary payor of long term care services in the United States.  Unfortuneately, the convergence of an aging population, financial strains placed on states by the current economic downturn, and health care reform's mandate for increased access to care will effectively overwhelm state-administered Medicaid long-term care  programs.  This is according to "Medicaid Long-term Care: The Ticking Time Bomb," a new paper by the Deloitte Center for Health Solutions, part of Deloitte LLP. 

Paying Children to Care for Their Parents

What if your parents are no longer able to live on their own? One possibility is for you to care for them in their own home. Depending upon the amount of care they require, it might be necessary to move in with them. You may even have to quit your job to provide the care they need.

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