“Few families can afford the average $80,000-a-year cost of residential nursing homes.”
A Tampa Bay Times article details the debate happening in Florida about personal services contracts, which allow ailing elders to redistribute their assets so they can qualify for Medicaid coverage and long-term care. Personal services contracts also allow seniors to compensate their family caregivers, who often struggle financially when out of the workforce in order to provide full-time home care.
While Florida officials are concerned about families abusing the system, attorneys interviewed in the article say instances of fraud are rare.
Learn more in “Family Caregivers’ Contracts Under Scrutiny in Legislation.”
Also read “Help, Hope, and Support: What We Must Do Now to Help the Millions Living With Alzheimer’s” to find out about specialized therapy services that are covered by Medicare.
Get resources to help you provide high-quality dementia care.