The Caregiver Foundation Of America

Helping you help those you love

Home
NEW FEATURES
Site Map
Calendar of Events
BLOG
Caregiving
Aging
Alzheimer's and Dementia
Sexuality
End of Life Care
Medications and Treatment
Psychological
Spiritual Support
Emotional Support
Special Challenges
Teens and Caregiving
Home Safety
Safe Environments
Money Matters
Senior Bill Paying Servic
Bill Paying Services
Senior Cleaning Services
Medicare
Caregiver Support Groups
Respite Care
Library
Resources and Links
NEWS
CAREGIVER STORE
CAREGIVER BOOKSTORE
FAQs
TCF Sate Chapters
Contact Us
Disclaimer
About Us
Money Matters
Caregiving is not free.  Even if your family is providing all the care and doing all the work - it still has an economic cost.  This section of our web site will help you consider some of the costs and plan more effectively.

The cost of caregiving should not bankrupt the Caregiver.  But without careful planning and financial management - this can happen.
 
Planning for the cost of caregiving is best done as early as possible.  Just as you plan for the possibility of an untimely passing and purchase life insurance, you should, if possible, shift the financial risk of long-term care to a solid and experienced insurance firm. 
 
There are alternatives to traditional long-term care insurance that can provide supplemental funds for this care but should not be considered the same as a properly designed LTC insurance plan.  certain annuities and life insurance products can have provisions built into them that take LTC needs into consideration.  be sure to work with a specialist when designing a protection plan.  Someone with a CLTC or LTCP designation has received specific and extensive training in this area.
 
Other approaches to funding the cost of long-term care include
  • private pay
  • family pay
  • estate replacement plans
  • advanced inheritance plans
  • shared inheritance plans
  • family contracts
  • reverse mortgages
  • lifetime estates
  • charitable remainder trusts



 

 
When it comes to paying-bills, we may all need help from time to time.

What You Can Expect from Bill-Paying Services

Paying-bills on time, keeping the checkbook balanced, not paying a bill that you should not pay, may not seem difficult when you are young and have good eyesight and a great memory. However, as we age, keeping this straight can be a problem. This is more than just an issue of paying a bill. It is an issue of pride and dignity.

 

Individuals with a disability or of advanced age, may find the services of a properly insured and bonded bill-paying service of real value.  Sometimes the loss of vision or difficulty with short term or long term memory makes staying on top of the bills very difficult.  Sometimes an illness or surgery has made it physically difficult to write checks, file bills, and follow up on financial matters.

 

TCFOA has a bill paying service available on a fee-for-service basis.  We will work with you to set up a system that works best for you.

 

Paying-bills and keeping it all straight

Most seniors and those with disabilities prefer to sign their own checks. A bill- paying service keeps your monthly bills organized .

 

Our service can act on your behalf, with your permission of course, to sort through medical bills and ascertain which bills are due, which bills are duplicate and can be ignored, what charges are legitimate and which ones need challenged.

 

When others offer to help, no matter how close they may be to you - You should never share your account information with anyone that is not bonded and insured.  More financial abuse often occurs by family members and close friends than by strangers.

 

Senior Bill-Paying Services are provided by a professionals who are well versed in bookkeeping and accounting practices.

 

Read More Here