Episodios

  • Long-term Care Insurance with Jean Ausman

    Long-term Care Insurance with Jean Ausman
    Mar 16 2023

    Long-term care insurance is a type of insurance policy that is designed to help cover the costs of care associated with long-term health conditions or disabilities. These policies are intended to provide financial protection for individuals who require assistance with activities of daily living (ADLs), such as bathing, dressing, eating, and mobility.

    Long-term care insurance policies typically pay for services such as nursing home care, assisted living, adult day care, and in-home care. These policies may also cover other services such as occupational therapy, physical therapy, and speech therapy.

    Long-term care insurance policies can be structured in a variety of ways. Some policies are designed to provide a fixed daily benefit amount for a specified period of time, while others may provide a pool of funds that can be used for a variety of long-term care services. The amount of coverage provided by these policies can vary widely, depending on the policyholder's needs and the terms of the policy.

    The cost of long-term care insurance can also vary widely, depending on a number of factors. These factors may include the policyholder's age, health status, and the amount and type of coverage needed. In general, younger policyholders may pay lower premiums for long-term care insurance, while older policyholders may pay higher premiums due to the increased likelihood of needing long-term care services.

    Long-term care insurance policies may also have certain exclusions and limitations. For example, some policies may not cover pre-existing conditions, and others may have waiting periods before coverage begins. It is important for individuals considering long-term care insurance to carefully review the terms of the policy and to understand what is and is not covered.

    While long-term care insurance can provide valuable financial protection for individuals who require long-term care services, it is not appropriate for everyone. Some individuals may be better served by other forms of insurance or by alternative strategies for planning for long-term care expenses. It is important for individuals to carefully consider their options and to consult with a financial advisor or insurance professional before making a decision about long-term care insurance.

    /// The Senior Care Show is a weekly podcast dedicated to educating listeners on all aspects of elder care. Hosted by experts in the field, the show covers a wide range of topics related to caring for aging loved ones, including home healthcare and nursing, medicaid, elder law, and retirement planning.

    The show’s goal is to provide listeners with the information and resources they need to make informed decisions about the care of their elderly family members. The show is ideal for anyone who has aging parents or grandparents, or who is planning for their own retirement and wants to learn more about the various options available to them.

    The Senior Care Show is designed to help listeners understand the complexities of elder care, including the different types of home healthcare and nursing options, the eligibility requirements for medicaid, and the legal rights of elderly individuals. The show also covers important topics such as retirement planning, including the financial and emotional considerations involved in planning for the future.

    Whether you are a caregiver, a senior citizen, or someone who is simply looking for information about elder care, the Senior Care Show is the perfect resource. The show’s experts provide practical, actionable advice, and share their personal experiences to help listeners navigate the challenges of caring for aging loved ones. So tune in each week to the Senior Care Show and gain the knowledge and resources you need to make the best decisions for your family.
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    22 m
  • Financial and Insurance Product Expert Al Loken

    Financial and Insurance Product Expert Al Loken
    Mar 2 2023
    Financial investment and insurance products are essential tools for individuals and organizations to protect their wealth, secure their future, and achieve their financial goals. These products are offered by financial institutions, such as banks, insurance companies, investment firms, and brokerage firms, to help clients manage their finances and mitigate risks.  Financial investment products include stocks, bonds, mutual funds, exchange-traded funds (ETFs), options, futures, and other securities that can be bought and sold on financial markets. These products allow individuals and organizations to invest in companies, governments, or other entities that issue securities to raise capital. Investment products can provide opportunities for capital appreciation, dividend income, and portfolio diversification, but also entail risks such as market volatility, credit risk, and liquidity risk. Stocks represent ownership shares in a company and offer potential capital gains and dividends. Bonds are debt instruments issued by governments, corporations, or municipalities, and offer fixed interest payments and principal repayment at maturity. Mutual funds and ETFs pool investors’ money and invest in a diversified portfolio of stocks, bonds, or other securities, providing investors with easy access to a range of assets. Options and futures are derivative securities that allow investors to speculate on the future price movements of underlying assets, such as stocks, bonds, or commodities. These products can provide opportunities for hedging, speculation, and leverage, but also entail risks such as counterparty risk and market risk. Insurance products, on the other hand, are designed to protect individuals and organizations from financial losses due to unexpected events, such as accidents, illnesses, natural disasters, or death. Insurance products include life insurance, health insurance, property and casualty insurance, disability insurance, and long-term care insurance. Life insurance provides a death benefit to the policyholder’s beneficiaries in case of the policyholder’s death. Health insurance covers medical expenses incurred due to illnesses or injuries. Property and casualty insurance protects against property damage or liability claims due to accidents, thefts, or natural disasters. Disability insurance provides income replacement in case of a disability that prevents the policyholder from working. Long-term care insurance covers the cost of long-term care services, such as nursing homes or home health care. Insurance products can provide peace of mind, financial protection, and tax advantages, but also entail costs such as premiums, deductibles, and exclusions. Insurance companies assess the risks of insuring individuals or organizations based on factors such as age, health status, occupation, location, and past claims history. In summary, financial investment and insurance products offer individuals and organizations a range of options to manage their finances and mitigate risks. These products can help clients achieve their financial goals, protect their wealth, and secure their future, but also entail risks and costs that need to be carefully assessed and managed. Clients should consult with financial advisors or insurance agents to determine their investment and insurance needs and select the most appropriate products based on their risk tolerance, financial situation, and objectives.  /// The Senior Care Show is a weekly podcast dedicated to educating listeners on all aspects of elder care. Hosted by experts in the field, the show covers a wide range of topics related to caring for aging loved ones, including home healthcare and nursing, medicaid, elder law, and retirement planning. The show’s goal is to provide listeners with the information and resources they need to make informed decisions about the care of their elderly family members. The show is ideal for anyone who has aging parents or grandparents, or who is planning for their own retirement and wants to learn more about the various options available to them. The Senior Care Show is designed to help listeners understand the complexities of elder care, including the different types of home healthcare and nursing options, the eligibility requirements for medicaid, and the legal rights of elderly individuals. The show also covers important topics such as retirement planning, including the financial and emotional considerations involved in planning for the future. Whether you are a caregiver, a senior citizen, or someone who is simply looking for information about elder care, the Senior Care Show is the perfect resource. The show’s experts provide practical, actionable advice, and share their personal experiences to help listeners navigate the challenges of caring for aging loved ones. So tune in each week to the Senior Care Show and gain the knowledge and resources you need to make the best decisions for your family.
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    20 m
  • Home Healthcare and Nursing with Joe Wicker & Dr. David Bernstein

    Home Healthcare and Nursing with Joe Wicker & Dr. David Bernstein
    Feb 16 2023

    Home healthcare and home nursing offer numerous benefits to patients who require medical attention and support, but prefer to receive it in the comfort of their own homes. These services are designed to provide comprehensive care for individuals with chronic illnesses, disabilities, or those recovering from surgeries or medical procedures.

    Some of the key benefits of home healthcare and home nursing include:

    Personalized Care: In-home healthcare services provide customized care tailored to the individual's unique needs and preferences. Patients receive one-on-one attention from their care provider, who can get to know them on a personal level and develop a care plan that is most effective for them.

    Convenience: Receiving care at home eliminates the need for transportation to medical facilities and reduces the amount of time spent away from the comfort of one's own home.

    Lower Cost: Compared to institutional care, home healthcare services are often less expensive, helping individuals and their families save money on medical expenses.

    Improved Quality of Life: In-home care enables patients to maintain their independence and continue living in their own homes, surrounded by familiar surroundings and loved ones. This can help to improve their overall quality of life and promote a faster recovery.

    Better Health Outcomes: Studies have shown that patients who receive home healthcare services have fewer hospital readmissions, improved functional status, and better overall health outcomes compared to those who receive institutional care. 

    Greater Peace of Mind: Having a trained healthcare professional in the home can provide greater peace of mind for both the patient and their family. Caregivers are trained to handle medical emergencies and are available to provide 24-hour support.

    In conclusion, home healthcare and home nursing offer numerous benefits to patients in need of medical attention and support. From personalized care to improved health outcomes and peace of mind, these services can help individuals maintain their independence and improve their quality of life. 

    ///

    The Senior Care Show is a weekly podcast dedicated to educating listeners on all aspects of elder care. Hosted by experts in the field, the show covers a wide range of topics related to caring for aging loved ones, including home healthcare and nursing, medicaid, elder law, and retirement planning.

    The show’s goal is to provide listeners with the information and resources they need to make informed decisions about the care of their elderly family members. The show is ideal for anyone who has aging parents or grandparents, or who is planning for their own retirement and wants to learn more about the various options available to them.

    The Senior Care Show is designed to help listeners understand the complexities of elder care, including the different types of home healthcare and nursing options, the eligibility requirements for medicaid, and the legal rights of elderly individuals. The show also covers important topics such as retirement planning, including the financial and emotional considerations involved in planning for the future.

    Whether you are a caregiver, a senior citizen, or someone who is simply looking for information about elder care, the Senior Care Show is the perfect resource. The show’s experts provide practical, actionable advice, and share their personal experiences to help listeners navigate the challenges of caring for aging loved ones. So tune in each week to the Senior Care Show and gain the knowledge and resources you need to make the best decisions for your family.
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    22 m
  • Cognitive Decline with Dr. David Bernstein & Michael Parker

    Cognitive Decline with Dr. David Bernstein & Michael Parker
    Feb 3 2023
     Hello and welcome into the Senior Care Show where're to discuss the latest tips and resources for elder and senior care services. Now, each episode of the show will be talking with industry experts and caregivers to bring you some valuable information and insights helping you navigate the complex world of senior care. Whether you're looking for information on assisted living facilities, in-home care, or other options, we've got you covered. So join us as we explore the sen, the world of senior care, and help you make informed. For yourself and your loved ones. One of our principal members here on the senior care show is Michael Watkins. Michael is an author, and of course someone who's worked in this field for a while protecting your assets with tax-free long-term care as his book. Tell us a little bit about your book and how you decided to come up with this idea for the senior care show. Michael. Yeah. So I work in the long-term care space and more importantly, just a, a total retirement planning picture. Gotcha. But I wanted to write the book to let people know there are different resources that they can tap into, whether they're a veteran. There's ways to move your assets around to, you know, protect yourself against this thing. Right now, we don't know whether or not we're gonna. . Right. Okay. My hope is I die in my sleep next to my wife, , but guess what? I don't get to choose. Right. So with that being said protecting yourself from with long-term care insurance is a good idea. However, there's so many things in life, you know? Yeah. We can't control and one of. Happens to be our cognitive abilities as we age. And so I've run into a lot of people in the industry and I've invited two guests to join us today that are going to talk to us specifically about cognitive impairment. Okay. Are the senior care show. Tell us about these guests that you've brought on. Well, Dr. Bernstein, Dr. David Bernstein and Michael Parker. There they are, and Dr. Bernstein is a, a retired physician, and Michael Parker has a new, I, I would just call it a Netflix for. , all types of cognitive. This is really cool what you guys hear about this. Yeah. Dr. Bernstein, tell us a little bit about your your experience here. I practiced internal medicine at Geriatrics for 40 years, and then in the final 15 years of that, I started expressing myself through writing and as it relates to retirement and cognitive impairment. There's a lot of things I observed and I, and I talk about and wrote. and, and so it's exciting for me to be able to share all this stuff all the time. So given this opportunity, I, I would say that, It, it's one of the things that people fear the most in life, that they'll lose some of their cognitive abilities. And, and so I explored that and I came up with five ways in which we can do things to help ourselves and prevent that. And, and I think it's really important to talk about and, and really the things that are. Common as causes of illness or heart disease, cancer and neurodegenerative diseases, cognitive impairment, and, and there are things we can do about it. So I'll just take right off and tell you that sugar and sweets are really hazardous for us. So I, I tell people to avoid sweets and adjust their eating lifestyle. . A second is I tell people that stress contributes to ch chemical changes in our body. Absolutely. And there are things we can do to reduce our stress. It may require changing jobs or changing employers, but it also requires finding time to meditate or do things that we really enjoy and take our minds off of. right? Things we don't enjoy. That's an absolute skill for sure. And, and then the third one is get more sweat. Exercise. 30 to 60 minutes a day, five days a week, has been shown to reduce the risk of cognitive decline. And it's also one of the key features that people would benefit from if they're receiving chemotherapy for cancer prevention. And then their sleep. And in the final years in my practice, I discovered an immense number of patients who had sleep disorders, particularly sleep apnea. And the, the lack of sleep and the lack of rest during that sleep period also contributed to cognitive decline. And lastly, since if anybody's noticed, every one of my items that I've mentioned so far begins with letter S. So the final one is sex. Now I put sex in my power of five because sex sells. And our generation was brought up that sex cells. So it's there, but it's really about socialization. It's about connections. It's about. And, and I write about it because intimacy or the, the opposite of intimacy is loneliness. And that's a health hazard. And older adults, as they, they move toward retirement, they lose some of their connections. People die and they find themselves stranded on an island, and that's as hazardous as smoking 15 cigarettes a day or being obese. . So combining those five letters, the five S's in my Power of Five Formula, puts together a structure that people can ...
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    27 m