The California Elder Law Center participated in the Successful Aging Expo 2016 on Saturday, October 8th at the Westin Hotel, 333 E. Ocean Blvd., Long Beach. The Expo featured speakers and exhibitors who provided tips and consultations on everything from how to remain healthy while aging, to planning finances and understanding programs like Medicare and Social [...]
California residents may be interested in ways to get started with saving for retirement. There are many issues that go into balanced retirement planning that can change depending on the person's individual financial situation.
When people in California plan for retirement, they might believe they have effectively organized all of their financial matters. However, they may have overlooked the very real and costly expense of long-term care. A recent survey indicated that most Americans fail to account for the high costs of care for seniors.
California residents may wonder whether long-term care insurance is necessary or how to go about securing a policy. One woman discovered that her mother's long-term care costs were $3,000 per month, which was paid by her father's estate and the sale of the mother's home. Many people erroneously believe that Medicare will cover any of their long-term care needs, such as in-home care, a nursing home or living in an assisted facility.