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Posts from the ‘Long Term Care’ Category


The Healthcare Conversation You Need To Have Now

I came across this article in Forbes magazine and thought it was worth sharing.  This is relevant to anyone with aging parents – it puts protection in place for them and gives you peace of mind.


Recover Your Long Term Care Costs

Will your family be affected by the costs of caring for an aging loved one?

Statistics Canada states that over 350,000 Canadians 65 or older and 30% of those older than 85 will reside in long term care facilities.  With increasing poor health and decreased return on investments, the fear of facing financial instability in your declining years is real.

How will this impact your family?

Caring for an aging parent or spouse takes its toll emotionally and financially.  Adult children with families and job pressures of their own are often torn between their obligations to their parents, children and careers.  This often results in three generations feeling the impact of this care. Read more »


Start a family conversation about elder care

BY David Wm. Brown and Sarah Brown

Starting a conversation about someone’s age is a sure way to be the least popular person in the room. But while this is a no-go territory for cocktail party chatter, it’s a conversation you need to have with your parents.

Statistics Canada tells us that in 2007, people aged 45 to 64 paid for 75% of elder care. And now, a new generation is realizing that when their parents need long-term care, they’ll be called upon to fund it.

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Long-term care insurance: Most claims paid at home

By Barbara Feldman for SmallBizAdvisor

The cost of long-term care can represent a significant expense for many Canadians, which is why long-term care insurance (LTCI) can help bring peace of mind. One thing to consider: LTCI isn’t just for people in long-term care facilities any more.

Read Long-term care insurance for an aging workforce.

Karen Henderson, founder of Long Term Care Planning Network, notes that LTCI used to be called “nursing-home insurance,” although nine-tenths of Canada’s elderly and those suffering from chronic illness or disability are cared for by family members, and four-fifths of those suffering from Alzheimer’s or other dementias are cared for in their own homes.

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