The cost of long term care is soaring. Providing care in the home can easily cost more than $10,000 per month, depending on the level of care needed and whether an agency is used or you privately employ the caregiver. Board and care facilities in Riverside County and San Bernardino County can easily cost from $2,500 to $6,000 per month. Assisted Living Facilities in the same area start at about $3,000 per month, and specialized memory care units can range from$5,000 to $8,000 monthly. How can seniors pay for this care?
Riverside Estate Planning Lawyer Dennis M. Sandoval and Certified Financial Planner Randy K. Barkley will host a webinar on Wednesday, May 16 at 12 noon on Options to Privately Pay for Caregivers and Other Long Term Care Costs. Mr. Sandoval and Mr. Barkley will spend about an hour discussing long term care insurance, life insurance options, annuities with long term care benefits, reverse mortgages and many other alternatives to finance care giving in the home or to assist with paying for care in a board and care / residential care for the elderly (RCFE) or assisted living facility. There will be an opportunity for questions and answers after the webinar has been completed.
Mr. Sandoval is a nationally known elder law attorney and Mr. Barkley is a long term financial planner specializing in retirement planning and senior issues and host of the KTIE radio show, Retirement Unlimited. The webinar is free to anyone who would like to attend. You can register to listen to the webinar here or by calling 951-787-7711. The webinar will be recorded if you can not listen live. Contact Mr. Sandoval’s office at 951-787-7711 if you want instructions on how to listen to the recording of the webinar.