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Updates from Organizations - Government agencies - Advertise Various Artists

Wednesday, January 24, 2018 - 10:45am

Are You Financially Prepared

For A Family Health Crisis?

Americans are living longer, which means more time with the grandchildren, more time to travel to those places you didn’t see when you were younger and more time to devote to leaving your mark on the world.

But a longer life expectancy also comes with problems.

At least 70 percent of Americans will eventually watch as an aging loved one’s life is taken over by a growing list of impairments that could mean there’s a need for long-term care. And many family members will be unprepared both financially and emotionally to make decisions about what’s best for that person they care about so much.

“Too many people wait until they are in the middle of a crisis before they start trying to figure out how the world of long-term care works,” says Chris Orestis, Executive Vice President of GWG Life (www.gwglife.com) and author of the books “Help on the Way” and “A Survival Guide to Aging.”

That’s why it’s important to have a game plan mapped out ahead of time, Orestis says, and there are key things people need to be thinking about. Those include:

  • Can you recognize the need for care? The first step in providing long-term care is identifying that a loved one needs the care. “Sometimes this can sneak up on you slowly or it can happen overnight,” Orestis says. Some of the telltale signs include cognitive impairment, such as forgetfulness or confusion; a house that is not as tidy or organized as it once was, or has objects in odd places; and physical deterioration, such as marked weakness, loss of strength and stamina, difficulty balancing or drastic weight loss.
  • Do you know what the right kind of care is? There are four types of long-term care. Home health care allows someone to remain in their own home while receiving care by licensed or unlicensed workers, as well as designated family members. Assisted living is housing for someone unable to live independently, but who just needs mid-level custodial care, medication support, lifestyle activities, transportation and meals. Nursing homes are for those who need higher level skilled care. Finally, hospice care is for people in the final six months of life.
  • Are you prepared to pay for it? The cost of long-term care can devastate a family’s finances, Orestis says. The annual cost of nursing home care, for example, is more than $80,000. Generally, there are three options for paying for long-term care: tapping into retirement savings, buying long-term care insurance, or relying on Medicaid and Medicare.

“Most seniors don’t want to be a burden on their families, and yet too often families are unprepared for how long-term care will have an impact on them,” Orestis says. “That’s why it’s important to plan for that day and not wait until you’re in the middle of a crisis.”

About Chris Orestis

Chris Orestis, Executive Vice President of GWG Life (www.gwglife.com), is an over 20-year veteran of the insurance and long-term care industries and is nationally recognized as a healthcare expert and senior care advocate. He is a former Washington, D.C. lobbyist who has provided legislative testimony; the author of two books: “Help on the Way” and “A Survival Guide to Aging”; a frequent columnist with a currently popular series entitled "The Healthcare Hunger Games"; and has been a featured guest on over 50 radio programs and in The New York Times, The Wall Street Journal, USA Today, Kiplinger’s, Investor’s Business Daily, PBS, and numerous other media outlets.

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With U.S. traffic congestion costing the average driver $1,400 per year and the U.S. ranked 13th in the world in road quality, the personal-finance website WalletHub today released its report on 2018's Best & Worst States to Drive in.

To determine the most driver-friendly states in the U.S., WalletHub compared the 50 states across 23 key metrics. The data set ranges from average gas prices to share of rush-hour traffic congestion to road quality.
 

 

Best States for Driving

 

Worst States for Driving

 

1

Texas

 

41

New York

 

 

2

Kansas

 

42

New Jersey

 

 

3

Nebraska

 

43

Rhode Island

 

 

4

Iowa

 

44

Massachusetts

 

 

5

North Carolina

 

45

Alaska

 

 

6

Oregon

 

46

Connecticut

 

 

7

Georgia

 

47

California

 

 

8

Alabama

 

48

Maryland

 

 

9

Arkansas

 

49

Washington

 

 

10

Illinois

 

50

Hawaii

 

Best vs. Worst

  • Mississippi has the lowest share of rush-hour traffic congestion, 13 percent, which is 6.5 times lower than in California, the state with the highest at 85 percent.
     
  • Missouri has the lowest average regular gas price, $2.266 per gallon, which is 1.5 times lower than in Hawaii, the state with the highest at $3.301 per gallon.
     
  • Vermont has the fewest car thefts (per 1,000 residents), 0.45, which is 12.5 times fewer than in New Mexico, the state with the most at 5.64.
     
  • California has the most auto-repair shops (per square root of the population), 1.4653, which is 7.2 times more than in Alaska, the state with the fewest at 0.2027.
     
  • Maine has the lowest average car insurance rate, $925, which is 2.7 times lower than in Michigan, the state with the highest at $2,484. 

To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/best-worst-states-to-drive-in/43012/

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TOMORROW: Charter Families and Educators Celebrate School Choice at the Capitol

Salt Lake City- Students, parents, teachers, and school leaders from charter schools around the state will show support for school choice at a capitol rally timed to coincide with National School Choice Week.

WHAT:

  • Hundreds of school choice supporters will rally for educational opportunity in Salt Lake City
  • Students from a variety of charter schools will perform dance and musical pieces

WHO:

  • More than 700 students, parents, teachers, and community leaders

WHEN:

  • January 25 at 11:00 a.m.

WHERE:

  • Utah State Capitol

The lead organization planning the event is Utah Association of Public Charter Schools.

 

Held every January, National School Choice Week is an independent public awareness effort designed to shine a positive spotlight on effective education options for every child. Through more than 32,000 independently planned events across the country, National School Choice Week raises public awareness of all types of educational choices available to children. These options include traditional public schools, public charter schools, public magnet schools, online learning, private schools, and homeschooling.