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How Insurance Deductibles Work

An insurance deductible is the amount you, the insured, pay before any claim is paid ...

The post How Insurance Deductibles Work first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Enhancing Estate Planning through Heir Involvement

Estate planning goes beyond legal formalities; it’s an essential process that facilitates meaningful family dialogue ...

The post Enhancing Estate Planning through Heir Involvement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Social Security, Medicare, and HSAs

If your employer health plan is a health savings account (HSA) paired with a high-deductible ...

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What Unexpected Caregivers Need to Know

February 26, 2018

Some people may not anticipate being a caregiver in the future, but that’s something they need to check in with their parents about. Adult children are not always aware that their parents are planning to use them as a caregiver. A lack of long term care insurance and other assets that could be used to pay for critical health benefits in the future may mean that some parents are planning on their adult children to take care of them. Although parents often have unmet expectations of their children, this rarely comes up until the caregiving issue is in an emergency state. 

Parents who may be left with no one else to help them around the house or to bring them to doctor’s appointment can be a devastating situation for an adult child who is less able to save for their own future as they help pay for their parents’ future care. A study completed by Bay Alarm Medical shows that more than 55% of parents anticipate that their children will be the ones taking care of them, financially or physically, as they get older but most children did not agree with that notion or even know about it. In the Midwest, for example, only approximately one-third of adult children expected that they were responsible for caring for their aging parents.

Although participants in other regions of the United States were much more likely to say that they felt an obligation to take care of their aging parents, the ones most likely to step up for responsibility were the children who were closest with their parents. Many families avoid talking about this or other money related topics because it is an uncomfortable subject. However, it can also be an important one if you anticipate that your children will be the ones taking care of you.


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Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
How Insurance Deductibles Work

An insurance deductible is the amount you, the insured, pay before any claim is paid ...

The post How Insurance Deductibles Work first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Enhancing Estate Planning through Heir Involvement

Estate planning goes beyond legal formalities; it’s an essential process that facilitates meaningful family dialogue ...

The post Enhancing Estate Planning through Heir Involvement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Social Security, Medicare, and HSAs

If your employer health plan is a health savings account (HSA) paired with a high-deductible ...

The post Social Security, Medicare, and HSAs first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more