long-term care

Provinces chip away at seniors’ health benefits

Provinces chip away at seniors’ health benefits

If you are budgeting for retirement and you haven’t included a line item for escalating medical costs and long term care you could be in for a shock. Recent budgets in Alberta and Saskatchewan and a trial balloon floated by the New Brunswick government suggest that the writing is on the wall. Sooner or later seniors could be paying more for health and end of life care. And there will continue to b... »

Is Long Term Care Insurance really worth It?

Is Long Term Care Insurance really worth It?

Earlier this week we took a look at various options for long term care and their cost. In this blog we consider the pros and cons of purchasing long term care insurance to cover these expenses. A guide from the Canadian Life and Health Insurance Association highlights the increasing cost of long-term care and reasons for buying long term care insurance. However the high cost and restrictive provis... »

Long term care options for seniors: How much will you pay?

Long term care options for seniors: How much will you pay?

Whether you are considering a move to an assisted living facility for yourself or an elderly member of the family, the options available and how much they cost may come as a surprise to you. The rules vary considerably across Canada, but a series of informative bulletin from Sun Life Financial covering each province and territory describe the three main alternatives, how much they cost (effective ... »

The pros and cons of long-term care insurance

The pros and cons of long-term care insurance

A guide from the Canadian Life and Health Insurance Association highlights the increasing cost of long-term care and reasons for buying long term care insurance. However the high cost and restrictive provisions of long-term care coverage may make it inaccessible for those who need it most. Long-term care is described in the guide as ongoing around-the-clock care in either a specialized residential... »