Tag

Long Term Care

All articles tagged with #long term care

health7 hours ago•19 min saved

Honokaa Hospital Grapples with COVID Cluster in Long-Term Care Wing

Honokaa Hospital on Hawaii Island is contending a COVID-19 outbreak in its long-term care wing first identified Aug. 15, linked to hurricane-related disruption. By Aug. 26, 26 of 59 patients and 12 of the wing’s staff had tested positive, though officials say no one is severely ill. The hospital is following CDC/CMS mitigation guidelines—testing, isolating, masking, and enhanced hygiene—with the Hawai‘i Department of Health notified. Test results were delayed by storm impacts, prompting broader rapid testing to identify asymptomatic cases. Visitation remains allowed with precautions. Health officials emphasize that while COVID-19 remains circulating, risk is lower than during the pandemic’s peak, and vaccination and precautions remain important for high-risk populations.

via Big Island Now|

#covid-19 #hawaii #health

economy14 days ago•9 min saved

Backyard House Keeps Mom Close, Cuts Nursing-Home Costs

James Cornell built a 1,000-square-foot house on his property for his mother, who has vascular dementia, at a total cost of about $110,000. She paid roughly 90% of the cost, and he now coordinates her care with two hired helpers, keeping her nearby to avoid expensive nursing-home care. Established around 2013–2014, the arrangement includes safety features and a full caregiving routine to support them as her condition progresses.

via Business Insider|

#caregiving #dementia #economy

personal-finance23 days ago•5 min saved

Young Caregivers Are Stretching Retirement, Study Finds

Care.com's 2026 Sandwich Generation Report shows caregiving is moving younger, with dual duties starting at an average age of 34 and often occurring abruptly. This squeeze raises annual costs over $25,000 when unpaid hours are counted, hurts careers (7 in 10 caregivers report some work impact), and jeopardizes retirement (about 6 in 10 expect retirement to be affected, and ~20% may never fully retire). The trend coincides with aging parents and kids needing support at once, amplifying financial stress just as Americans enter peak earning years. Experts urge stabilizing personal finances first (including capturing employer 401(k) matches), early long-term care planning, exploring LTC options or hybrid life policies, and pushing for more flexible workplaces. Resources like LTC planning tools, government programs, and caregiver support networks are recommended to start before a crisis hits.

via USA Today|

#caregiving #long-term-care #personal-finance

personal-finance1 month ago•4 min saved

Rising health costs push 2026 retirees toward an $185k bill, Fidelity finds

Fidelity estimates a 65-year-old retiree in 2026 will need about $185,500 for health and medical costs—up 7.5% from last year—driven by higher costs and more chronic conditions. The projection assumes traditional Medicare (Parts A/B plus Part D) with about 48% of costs from cost-sharing, 45% from premiums, and 7% from out-of-pocket drug costs; long-term care costs are not included but can push totals higher, and many pre-retirees underestimate Medicare coverage, underscoring the value of early saving and HSAs.

via CNBC|

#fidelity #healthcare-costs #long-term-care

personal-finance1 month ago•19 min saved

Boomer debt crisis rewrites the family wealth transfer

Moneywise reports that many baby boomers haven’t saved enough for retirement and remain heavily in debt—mortgages, credit cards, and other loans—while housing costs eat up a large share of their income. With longer lifespans and rising long-term-care costs, adult children are increasingly subsidizing aging parents’ expenses, including debt service and living costs. About 40% of retirees lack cash to cover emergencies, and 22% of family caregivers have gone into debt, depleting their own savings. This reverses the anticipated Great Wealth Transfer, placing new financial strain on Gen X and millennials and prompting emphasis on downsizing, estate planning, and tapping government aid to ease the burden.

via Yahoo Finance|

#debt #family-caregivers #long-term-care

personal-finance1 month ago•12 min saved

Caregiving costs hit $400k as mom's dementia drains family finances

In this firsthand account, Alison George, 52, explains how caring for her late-stage Alzheimer’s mother has cost nearly $400,000 in long-term care since 2021, after converting a $45,000 guest house on their Raleigh, NC property. With about $5,500 monthly private-pay costs and a $4,000 monthly income, the family foresees roughly 24–30 more months before funds are exhausted, highlighting the emotional toll of caregiving and the challenge of navigating Medicaid while loved ones are treated as a dollar amount.

via Business Insider|

#alzheimers-disease #caregiving #dementia

business1 month ago•4 min saved

Outliving savings eclipses death fear, fueling retirement planning

Americans fear running out of money in retirement more than death, a finding from Allianz’s annual survey (67% choose money over mortality). Longer lifespans, inflation, and rising health/long-term-care costs help explain the worry, with life expectancy at birth at 79 in 2024 and a looming Social Security shortfall that could trim benefits by 2032 if unaddressed. The Transamerica Center also lists money-related fears (long-term care, Social Security cuts, outliving savings) as top retirement concerns. Practical steps include delaying Social Security to age 70, maxing 401(k)/IRA contributions (2026: 401(k) up to $24,500, catch‑up up to $8,000; older savers have higher limits; IRA max $7,500 with $1,100 catch-up), creating a retirement plan, consulting advisers, and considering long-term care insurance or life policies with LTC riders.

via USA Today|

#business #life-expectancy #long-term-care

lifestyle1 month ago•56 min saved

The hidden price of dementia caregiving: $120,000 out-of-pocket

John Nuar cared for his father with dementia in Michigan from 2017–2019 at home before moving him to memory care; rising private-pay costs and limited public aid led them to pay about $120,000 out of pocket. After a period with relatives in Virginia, his father returned to private memory care in Michigan, where costs climbed from roughly $4,200 to $6,600 per month until his death in 2024. The piece highlights the emotional and financial toll of dementia care and urges proactive planning—maxing HSAs for long-term care, completing advance directives and wills—to prepare for future needs.

via Yahoo|

#caregiving #dementia #finances

personal-finance1 month ago•13 min saved

Building a Private Memory-Care Home Cost This Family $120,000

John Nuar and his wife built a home to care for his father, who had dementia, in Michigan (2017–2019); after attempts with vouchers and private care, his father spent about three years in memory care before dying in 2024, with out‑of‑pocket costs totaling roughly $120,000 as monthly fees rose from about $4,200 to $6,600. The family grappled with Medicaid limits and private‑pay options, underscoring the emotional and financial toll of elder care. The piece emphasizes planning ahead—maxing HSAs for long-term care, completing advance directives and wills—and being prepared for steep private-pay costs.

via Business Insider|

#caregiving #dementia #long-term-care

health2 months ago•6 min saved

Encephalitis Survivors Face Widespread Psychiatric Sequelae

A global meta-analysis of 101 studies including over 4,700 encephalitis survivors finds psychiatric and behavioral problems—most notably depression (~27%) and anxiety (~20–23%)—are as common as neurological deficits like memory loss or seizures and can persist months or years after recovery, regardless of infectious or autoimmune cause. The findings reveal a care gap with few standardized long-term mental-health follow-ups and call for routine neuropsychiatric screening and integration of mental-health services into standard post-encephalitis care.

via Neuroscience News|

#encephalitis #health #long-term-care

personal-finance2 months ago•13 min saved

Tiny House Next Door Helps a Daughter Cut Dementia-Care Costs

Facing rising assisted-living bills that were draining her mother’s savings, Lori Bufka in Arizona moved her 88-year-old mother with dementia into a 700-square-foot trailer next door, creating a cost-effective, near-home long‑term care arrangement. The setup costs about $500 a month in rent plus modest utilities, with caregiving shared with her partner. Tech like JubileeTV, Blink cameras, smart plugs, and Google Live Transcribe helps monitor and assist remotely, allowing her to keep her mom at home with safer conditions and far lower expenses than traditional facilities (at least for now, with hospice visits as needed).

via Business Insider|

#aging #caregiving #dementia

health3 months ago•5 min saved

Bringing Mom Home With Parkinson’s: A Caregiver’s Wake-Up Call

A California woman recounts moving her 78-year-old mother with Parkinson’s into their home to avoid a costly assisted-living facility, only to face intense daily caregiving demands, constant interruptions during work, safety risks from stairs and a large dog, and financial strain. After escalating stress, they moved her to a smaller, more communal facility with in-home support and, eventually, hospice, which provided better care and allowed the family to regain balance and quality time together.

via Business Insider|

#caregiving #elder-care #family-dynamics

finance7 months ago•5 min saved

New Rule Eases Penalty-Free 401(k) Withdrawals, but Practicality Questioned

A new rule allows penalty-free 401(k) withdrawals for long-term care insurance, but experts warn it may not be practical due to limitations and high costs of insurance premiums, and the potential tax implications of using retirement funds for this purpose.

via CNBC|

#401k #finance #insurance-costs

personal-finance10 months ago•2 min saved

The Retirement Crisis: Why Most Americans Are Failing to Save and How to Avoid It

A recent survey reveals that 19% of retirees are living a 'nightmare' due to insufficient savings, high healthcare costs, and inflation, highlighting the importance of early planning and adequate retirement funds to avoid financial hardship in later years.

via Yahoo Finance|

#healthcare #inflation #long-term-care

health1 year ago•1 min saved

COVID-19 Outbreak in Grant County Care Facility Causes Two Deaths

A COVID-19 outbreak at a Grant County long-term care facility has resulted in two confirmed deaths and over 45 cases among residents and staff, highlighting the ongoing threat of the virus. Health officials emphasize the importance of vaccination and preventive measures to protect vulnerable populations, especially as COVID-19 activity increases in the region.

via Source ONE News|

#covid-19 #grant-county #health