Why are Canadians avoiding their long-term care planning?
A survey for Manulife Financial reveals that seven out of 10 Canadians said they would prefer to have an annual physical exam than spend an hour discussing their long-term care needs. This reluctance in discussing their future long-term care needs helps explain why only 21 per cent of Canadians have factored long-term care costs into their retirement planning.
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Long Term Care Insurance: Is our savings sufficient for care coverage?
With increasing awareness of the Baby Boomer retirement, the insurance industry is heavily focusing on long-term care insurance plans for aging consumers. Although Ministry of Health puts forward a significant amount of budget towards care for seniors, one can no longer depend on it solely or on private health insurance because it does not cover extended nursing home stays, assisted living centres or regular home care visits.
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Top Ten Signs That Your Senior Relative May Need Housing Assistance
Determining whether or not a senior relative may require a change in living arrangements can be difficult. To provide a starting point, The Care Guide has issued its Top Ten Signs indicating that a senior may require housing assistance.
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Independent Supportive Living in British Columbia
Independent Supportive Living typically describes apartment-style accommodations that provide supportive services such as housekeeping, meal preparation and/or communal dining, social and recreation programs, 24-hour emergency response, shopping assistance and transportation. The tenure is usually on a rental basis often with a standard service package included in the rent. There is usually a menu of optional fee-for-services made available as well. In some cases, the units are fully "self-contained" (each having its own kitchen) so that the meal program might be optional.
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