Prepping for Long-Term Care
Q: What is long-term care insurance?
A: Long-term care insurance is custodial care insurance. It covers care generally not covered by health insurance or Medicare insurance. Long-term care insurance generally covers home care, assisted living, adult day care, respite care, hospital care, nursing homes and Alzheimer’s facilities. When home care coverage is purchased, long-term care insurance pays for home care from day one. It will also pay for a visiting or live-in caregiver, companions, housekeepers, therapists or private duty nurse. Read more
Domestic Workers of the World Unite!
“If something happens, you have nowhere to complain,” said Anna*, a 38-year-old West African nanny. “It makes me worried.”
For most of her seven-year career as a nanny, Anna has been fortunate to work for two families that have paid her a decent wage for roughly nine hours of work a day. Her duties usually include taking the children for a stroll or to play dates, cooking dinner in the evening and cleaning.
But even with good employers, Anna has still been denied something as basic as proper time off. Read more
HELP WITH THAT VET BILL
Besides insuring your apartment, your car, your jewelry and yourself, you can insure your pets. There are a lot of companies that offer pet insurance; even the ASPCA has a plan. But while many people would never willingly forego their own health insurance, is it a good idea for a pet? Not everyone agrees.
“I think you’re better off putting $50 in a bank account with your pet’s name on it,” said Natasha Cotter, office manger for East Side Veterinarian Dr. Patrick Cotter.
Based on her experience, she has found that insurers typically pay about 50 percent, “and you have to really work for it to get that reimbursement.”
ConsumersReports.org also says that putting the equivalent of the insurance premiums in a savings account is a better idea over your pet’s lifetime. And the odds that your pet is going to need some incredibly expensive treatment are small. Read more
