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Articles and Guides

Use the following articles and guides to help you make an informed decision. Please contact your Senior Care Consultant if you have questions.

Financial Guidance

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Medicaid vs. Inheritance 

It's important to put money into a Trust for your loved ones.

Money Smart for Older Adults: Prevent Financial Exploitation Requires Adobe Reader

This guide was put together by the Consumer Financial Protection Bureau and FDIC. It's a good guide to help avoid identity theft, knowing what to do to be financially prepared for retirement and much more.

10 Things You Must Know About Medicare by Kiplinger Magazine 

Educate yourself on Medicare the easy way. This article is a good beginning at understanding Medicare presented by Kiplinger in October 2012.

Annuities Create Lifetime Income Stream 

Today, more and more Boomers are purchasing income annuities. Concerned by the volatility of the stock markets over the past few years, many are eager to find financial products that provide a steady stream of income, guaranteed for as long as they live.

SMART Act Changes to Illinois Medicaid Eligibility for Long-Term Care 

2012 Medicaid Changes Effecting Every Senior in the State of Illinois

Can Reverse Mortgages Be Used to Finance CCRC's Without Walls? 

Using a reverse mortgage to finance the buy-in to a CCRC-without-walls program “could very easily” be the solution to being able to afford the entrance fee, says Dennis Baier, a mortgage broker specializing in reverse mortgages at Chicago-area Wintrust Mortgage Corporation.

States Encounter Obstacles Moving Elderly And Disabled Into Community 

A multi-billion dollar federal initiative to move low-income elderly and disabled people from long-term care facilities into the community has fallen far short of its goals, as many states have struggled to cobble together housing and other services.

Long Term Care Planning for You & Your Family 

One of the most stressful times in the life of a family can come when a long term care event arises and family members face the task of finding and paying for a loved one’s long term care. Finding the best care is difficult enough, but when plans aren’t in order and families don’t know how they are going to pay for long term care services, an already emotionally and financially taxing situation can take an even greater toll on a family.

Top 10 Medicaid Mistakes and How to Avoid Them Requires Adobe Reader

Elder Law Attorney, Melissa Wick, discusses Medicaid and some issues that arise as you try to apply for Medicaid.

General Qualifications for Non-Service Connected Veteran's Aid and Attendance 

The attached flyer will help you understand the Veteran's Aid and Attendance benefit a little bit. Please contact Elderwerks for more information and for your advocate.

Medicaid Spend-Down Check List Requires Adobe Reader

Medicaid spend-down check list written by elder law attorney, John Belconis.

Reverse Mortgages…Are they a good idea or a bad idea for seniors?? 

Information on how reverse mortgages can benefit seniors.

Benefits for Veterans and Their Families Requires Adobe Reader

Information regarding benefits to veterans

VA Aid and Attendance 

For forms and related information on funding for assisted Living or home health care go to the Veteran's section of the Articles and Guides. All of the Elderwerks Consultants are knowledgeable on this benefit. Please call with questions.

Do I Even Need A Financial Consultant? Requires Adobe Reader

Why you need a financial consultant to plan for retirement and for your senior housing needs.

 
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