When looking for long term care facility for a loved one in Missouri, there are a few questions you should ask yourself and a few things to be aware of:
What type of facility do I need? There are several types of facilities, be sure to select one that will meet the needs of your loved one.
Residential Care Facility I: Will provide shelter, board and supervision. They may distribute medication and provide care during short term illness and recuperation.
Residential Care Facility II: Provides same care as a level I, plus provides dietary supervision and help with personal care.
Intermediate Care Facility: Provides personal care, board and basic health and nursing services under the direction of a licensed physician and nurses.
Skilled Nursing Facility: Individuals in Skilled Nursing facilities require 24 hour care and specialized services. These services will be performed under the supervision of a registered professional nurse.
Questions to ask the facility:
Can it meet the needs of my loved one?
Is it currently licensed?
How much does it cost and will they accept my insurance?
Are the current residents happy and treated with dignity?
Is the facility clean? How does it smell?
Residents rights: Missouri residents who live in a state licensed long term care facility are guaranteed certain rights under the Missouri Omnibus Nursing Home act of 1979 and the Federal Omnibus Budget Reconciliation act of 1987 such as:
You must be informed of your rights and responsibilities as a resident (oral and written)
You must be told of services available and costs
You must receive notice before a change in room or roommate
You may purchase or rent goods/services not included in the facility rate.
Please see our recommended sources for insurance and low rates. These websites are also great sources for information. These low rates will help lower your bills every month.
Nowadays, every time you apply for a loan you will most likely be offered payment protection insurance. If you are taking out a particularly large loan, the idea may seem very attractive. These insurance policies will take over repayments on your loans in the event of losing your job or being involved in a medical emergency. But what are the true costs and benefits of this type of? Given that over a billion pounds is spent in Britain on this kind of insurance annually, it is worth asking yourself.
The Cost Of Insurance
The fact of the matter is that the lending industry has become more and more competitive in recent years. With interest rates getting lower and lower, lenders have sought to find out ways of increasing their returns. One of the ways they have come up with is to offer various additional products that accompany the loan, such as payment protection insurance. What may come as a surprise is that payment protection can often cost as much as the loan interest repayments. The payment protection repayments can, incredibly, effectively double the cost of the loan. With such startling consequences, it is imperative that consumers think carefully before opting for such options.
Peace of Mind?
Many people will hold the view that as lives and jobs become more and more unstable, the peace of mind offered by such policies are worth the price. In some cases this is true, but not always. Every insurance policy varies, but one thing remains the same, it is very difficult to get an insurance policy to pay out. You should look very carefully at the fine print of your policy and you will be amazed to find out what actually is covered, and what exclusions and exceptions apply.
For example, unemployment protection may only kick in after a certain period of unemployment, will not count if the unemployment was voluntary, and can require proof that the applicant has actively sought employment, and not turned any down, for the period since losing their job. This will give the insurance company literally dozens of reasons for refusing pay out in most instances.
Dont Accept The First Quote!
As well as these conditions, you should also shop around. The person you are borrowing from will always offer you a policy, but this unlikely to be the best policy available and a little shopping around will go a long way. You will probably also find your self better terms or terms that suit your needs more closely. Government standards are in place to make sure such policies are clear and in plain language, but complaints are still pouring into consumer protection groups regarding these policies.
The basic advice here is be very careful if opting for expensive insurance policies. Make sure you understand the terms, and that you think they might be of benefit to you, and if you dont want the policy, just say no.
What would life be without the odd obstacle to overcome? Life is full of challenges and obstacles and successful people rise above them. Life happens and when it does, and crises occur. The reality is that life is messy and sometimes our expenses are greater than our income. Here is how to deal with any negative financial situations when they arise.
The first course of action is preventative: You should create a financial plan and stick to it. A financial plan is simple to create. You simply list all of your average monthly expenses on one side of a paper and all of your average monthly income on the other side. Then, make sure that the total in the income side is greater. Be sure to include on the expenses side two line items: current enjoyment and future savings. Put at least 10% of your income away into the “rainy day” line and also invest a little into your current enjoyment line. It is important to enjoy today and it is important to have something for the future.
Having a financial plan will help to minimize disasters that may strike. But they may still strike! When disaster strikes, though, there are options which you can take these courses of action:
The first thing you should do is try to adjust your financial plan to pay for the problem. Perhaps you can increase your income or sacrifice a little from here or there to see that the problem is paid for. If that is the case, that should be your priority, since your payments will take care of the problem quickly. But there are alternatives if that fails.
Second, try to get a UK Secured Loan using assets you have, such as your home or other valuables. These assets will allow you to negotiate a lower interest rate and longer repayment period so that your expenses can come back in line again. For many people, a disaster means higher bills, so a UK Secured Loan is one of the best first steps to take to pay off your bills but still manage your payments over time.
A third option is to get an unsecured loan. These are not nearly as good as secured loans because they can come with a higher interest rate and shorter repayment periods because the risk to the lending institution is higher. But for some people, this is the best or only option. If it is yours, take it because an unsecured loan may still be cheaper in the long run than expensive credit card interest rates or repossessed possessions!