A recent article in Health Affairs Blog explores the role of family caregivers in the long-term care setting. The following extract addresses some of the burdens of caregiving:

“However, family caregiving can take a large financial, emotional, and physical toll on the caregiver. According to the AARP, the value of informal caregiving provided to adults was approximately $470 billion in 2013. Additionally, close to one out of 10 Americans over the age of 40 are both providing LTSS assistance to a family member and supporting a child. The emotional, social, physical, and financial burden on this “sandwich generation,” is significant.”

Read the full article at: http://healthaffairs.org/blog/2016/09/08/embracing-the-role-of-family-caregivers-in-the-u-s-health-system/

Published by
David L. McGuffey

Recent Posts

What happens if I don’t fund my Qualified Income Trust?

Qualified Income Trusts (also known as Miller Trusts or a QIT) are necessary when the…

3 months ago

Changes in How Trusts are Taxed

Trusts, like everyone else, pay taxes when they earn income or sell capital assets for…

3 months ago

What is a Medicaid Asset Protection Trust?

People often visit us and ask about using a trust to protect assets in the…

4 months ago

QLACS Update

Last year we wrote about qualified longevity annuity contracts, sometimes referred to as QLACs. On…

4 months ago

Trusts and Medicaid: Protecting Assets

People regularly ask us whether they should use a trust to protect assets in case…

7 months ago

Elle

We haven't posted much lately because we've been busier than a one-armed paper-hanger, but we…

11 months ago