Sometimes elder people are unable to make important decisions due to deteriorating health conditions. In such cases, a durable power of attorney may allow the elderly patient to appoint someone to oversee all the financial-, legal- and health-related decisions. In the agreement, the person who gives power is referred to as the principal, while the receiver is called the agent. The agent is usually a family member or a trusted relative who is close to the principal.
Healthcare is one of the most controversial issues in our society today, and among the biggest talking points in the political sphere. This is not only because many members of the Baby Boomer generation are reaching the age of retirement, leading to a larger number of older individuals seeking healthcare, but also because of recent changes to healthcare related to the Affordable Care Act, known more commonly as Obamacare.
Healthcare is one of the most important costs for retired and elderly individuals. Financial planning and savings can help cover medical costs, but now that people are living longer, it is becoming increasingly difficult to put away enough money to cover costs for decades of life without employment. Individuals who are struggling to cover health care costs should know that they can take advantage of government programs such as Medicare and Medicaid.
No matter the state of your health or finances, it is a good idea to consider how healthcare law can affect your future, especially if you are retired and/or elderly. Nursing home expenses average thousands of dollars per month, and not everyone can afford to stay home from work to care for a loved one, so the required finances for necessary healthcare can be difficult to maintain.
If you are considering applying for long-term care insurance, then you probably know or suspect you will need it. The purpose of this type of insurance is to give people their independence back when they find chronic conditions physically or mentally limit them. Long-term care insurance is not intended to cover treatment of any medical conditions. But how do you know if you or a loved one is currently eligible to receive the benefits of this insurance and what does it cover?
There is no standard for long-term care insurance. This means that every policy can be substantially different and while any insurer is legally responsible for providing you with an explanation of terms and policies in something called an Outline of Coverage, the differences in policies can be very confusing. That's why you may benefit from having a healthcare law attorney in Florida thoroughly review the policy for you and determine if it is a fit for your needs.
Your business, your estate, your need for Medicare—all of this we plan for. But how do we know what changes will be made to long-term care and how that could directly or indirectly affect us?
You anticipate aging, growing older, losing friends and loved ones before your own time comes, but what about your care? Who will take care of you and will you have set aside enough money to adequately support yourself when you no longer have a means of generating new income should unexpected costs arise? Do you have a contingency plan? Will you have enough in reserves? What should you expect?
When it comes to health care law, few things are as confusing and difficult as the pronunciation of the death of a loved one who may be kept alive on a respirator or other life-prolonging machine. The Uniform Declaration of Death Act was penned in an effort to set a guideline for states to follow as they determine their own health care regulations for when a person should be considered legally dead. There are inconsistencies between when the brain function stops and the cessation of the heart and respiratory functions.
Many people in Florida have heard the term "health care law," but few really know what it means. Most Florida residents will never have to concern themselves with the intricacies of health care law, as it is an area that deals primarily with businesses, governments, and ethics. However, if you would like to know more, you can continue reading below.