Annual Home Care Costs 2010-2011 Ontario Saskatchewan Nova Scotia Nursing care – 2 hours / week $5695 $3298 $4992 Personal care (e.g. help with dressing, bathing) – 56 hours /week $69,888 $59,136 $50,814 Homemaking (meal preparation, laundry, housekeeping) – 17 hours/week $20,332 $17,952 $15,426 Total home care costs $95,915 $80,386 $71,232 24 Hour Live-in caregiver (Minimum wage) $89,790 $83,220 $84,534 Why am I writing about [...]
Senator Sharon Carstairs has thrown in the towel. The former Leader of the Government in the Senate and Minister with Special Responsibility for Palliative Care, she has been a tireless advocate for palliative/end-of-life care for all Canadians for over 16 years but she can no longer see the light at the end of a dark and narrow health care tunnel. With still no firm budget or [...]
This decision by Canada's banking ombudsman will help the federal government and 600 banks and financial services across the nation gauge, for the first time, just how badly Canadians with diminished capacity are being mistreated when it comes to their money. Globe and Mail September, 2010 As Canada ages, dementia is our next national health crisis. And governments have no plan to fight it. The facts: [...]
CBC NEWS | Online report – 23 August 2010 Canadians are concerned their quality of health care will decline from the strain posed by aging baby boomers, a new poll suggests. The Canadian Medical Association (CMA) carried out the poll in June 2010 by as part of its annual report card focused on access to health-care services. "This year our report card shows young adult Canadians [...]
Seniors constitute the fastest growing population group in Canada; one in seven is a senior today. As the "baby boomers" (born between 1946 and 1965) age, the seniors population is expected to reach 6.7 million in 2021 and 9.2 million in 2041 (nearly one in four Canadians). Professional advisors can begin to take advantage of this opportunity and help their aging clientele by networking with those [...]
This is one of the best ways to increase your own knowledge and to provide resources for your clients. Consider setting aside a special bookcase in your office to house the books, magazines, pamphlets and other materials you collect - many of which are free of charge from the federal and provincial governments. When you visit clients at home, include some appropriate resources in your briefcase [...]
Long Term Care Planning Network product purchased: Critical Illness/Long Term Care Planner Karen: I have used the How to Care Binder, which I think you now call the Long Term Care Planner, several times. The most noteworthy was for my Mom. We realized after Dad was having problems looking after Mom that her behaviour was more than just Mom’s unique, and historically difficult, personality. It was [...]
News flash from the Long Term Care Planning Network!! Karen Henderson is delight to announce that she has completed and passed the LLQP A & S course and exams that now qualify her to sell living benefits products. “Given my extensive aging and long term care knowledge, and years of experience working with advisors and their clients, it made sense to take my LLQP and close [...]
“You have more than enough money to pay for long term care if you ever need it, so don’t waste your money buying long term care insurance!!” That is the advice that many financial advisors, CPAs, attorneys, and insurance agents give to their clients. So, is it the right advice? Let’s find out. Imagine that you have $3,000,000 in assets – your home, your 401k plan, [...]
Regardless of your net worth, a good estate plan should accomplish these essential goals: Caring for yourself by authorizing people to handle your affairs if you no longer can because of illness or disability Specifying who gets what after you pass away Providing for children who are minors or who have special needs. For more information: www.estateplanningsmarts.com. LifeTRUST Planning Since their inception in 1989, LifeTRUST Planning has [...]
By Jesse Slome AALTCI Individuals purchasing long term care insurance in 2009 tended to be slightly older and selected less costly policy features, according to the American Association for Long-Term Care Insurance (AALTCI) annual study. The organization's research was based on an analysis of 155,000 individual placed policies. Clearly, the economy is having an impact on when individuals start their long term care planning and what [...]
Here are three frequent responses when the issue of long-term care planning comes up: It won’t happen to me (Get me that crystal ball and I’ll use it to pick stocks too!) I don’t want to think about it (Who does? But statistically it probably will happen) My children will take care of me. (Do they know?) So, here comes some new information that may alter [...]
