7/5/16 11:39AM

Free Dine and Learns: Age Wisely - Don't Go Broke in a Nursing Home

Living longer is a blessing, but home care for seniors can cost up to $650 per day in Colorado. Learn other strategies to pay for care.

Living longer is a blessing, but, according to a "2015 Cost of Care Survey, the nationwide average daily rate for care provided in a private room is $250 and in a semiprivate room is $220, which equals $91,250 and $80,300 per year respectively. For those living in a nursing home long term, they can expect to see nearly a 4% annual increase in the base rate.  In Colorado, daily rates for care range in a private room range from $179 to $650 daily. (seniorhomes.com)"

Simply put: "Don't Go Broke In a Nursing Home."  Long-term care costs are one of the main reasons retirees deplete their savings and lose assets.  The educational workshops will cover new strategies, new solutions, and new laws to protect your hard-earned nest egg if a medical crisis occurs.  No products are endorsed or sold.  Seating is limited; reservations are required, call (303) 468-2820. Meals are catered by Panera Bread.

Tuesday, August 2, 10:45am - 12:30pm
Thursday, August 11, 10:45am - 12:30pm
Koelbel Library: 5955 S. Holly Street, Centennial

LAKEWOOD - lunch:
Thursday, August 4, 10:45am to 12:30pm
Wednesday, August 24, 6:00pm - 7:30pm - Dinner
Lakewood Library, 10200 W 20th Avenue, Lakewood

Wednesday, August 3, 10:45 am to 12:30am
Wednesday, August 10, 10:45 am - 12:30pm
Foothills Peak Recreation Center, 6612 Ward St.. Littleton

HIGHLANDS RANCH - lunch or dinner:

Saturday, August 6, 9:30am-11am - Lunch
Monday, August 8, 6pm-8pm - Dinner
Saturday, August 13, 9:30am-11am - Lunch
Tuesday, August 16, 6pm-8pm - Dinner
Memory Lane/Charter Financial: 9335 Commerce Center Street, Unit B5 (Near C470 and Santa Fe)

AURORA - lunch:
Tuesday, August 9, 10:45am - 12:30pm
Thursday, August 18, 10:45am - 12:30pm
Smoky Hill Library, 5430 S Biscay Circle, Aurora

Nationally, it is projected that the number of poor or nearly poor seniors nationwide will double to 4.3 million by 2022.  Social security, retirement accounts, target income, and working longer:  all are ideas for replacing income in retirement.  Now, even presidential candidates are joining the discussion.  Bernie Sanders suggested raising or removing the cap on annual earnings subject to Social Security tax ($118,500).  Donald Trump suggested strategies for saving social security.  But will it be enough?  Experts say no.

Long-term care costs are one of the main reasons that retirees deplete their savings.  Topics presented at these workshops include: Observation Status with Medicare; how long-term care can be covered without buying expensive long-term care insurance; the laws that will pay for your care in your home or retirement community, tax-free; how home equity can be used to your advantage; and how you can stay in control of your assets and have a choice of where you receive care.   Subject matter is appropriate for all ages and loved ones.  

Speaker Jim Brown said, “current and future retirees and families of loved ones who are interested in learning about health and estate planning options will gain valuable insights at these workshops. The number one concern of baby boomers is outliving their income resources and paying for medical care.”
David Geras of Gold Leaf Home Care, a special guest speaker at the workshops, will provide attendees with updates on new laws and solutions to help seniors age comfortably in their own homes with quality in-home care specialists.

Seminars are free and open to the public. Space is limited. Call (303) 468-2820 to RSVP or to inquire about additional dates that may be added. 

Brown is a dedicated Long Term Care Specialist with more than 20 years' insurance and financial planning experience. He is a well-known speaker on the topic of long-term care strategies that help aging loved ones find the right pre-planning solutions to pay for care and stay in their own homes -- without placing personal assets at risk. With two living parents, age 92 and 90, and many relatives who have lived to age 100, Jim has unique personal experiences to share about how new laws and strategies help all families.
Brown also supports local charities including: Global Down Syndrome Foundation, Phamaly Theatre Company (formerly known as The Physically Handicapped Actors & Musical Artists League), Toys for Gods Kids, and the Alzheimer's A

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