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Finding the Right Caregiver

It can be nerve-wracking, hiring a caregiver comes to your home or or provides supplementary care in a facility. How are you to know who’s trustworthy or competent enough? Might they be a good fit for you or your beloved?

PRIVATE CAREGIVERS

Before you start calling any prospects, list down the tasks the job will entail, as well as your expectations from the potential caregiver.
What No One Knows About Caregivers

The more specific you are, the better. Consider what’s most important for you. Ask yourself questions such as:
Questions About Professionals You Must Know the Answers To

> When do you need the caregiver and how often does the person have to be there?

> Will this probably change soon?

If so, would it be an issue?

> What duties would you like the caregiver to perform and how frequently?

> Will any form of specialized care be required, such as for an elderly person with Alzheimer’s disease?

Researching Your Prospects

After listing down the caregiving duties, start filtering candidates by phone, and schedule an interview with everyone of them. On the phone, tell them about your needs. Inform them of your intention to call their references and perform a background check on them. Ask them to bring their resume, Social Security card, driver’s license and references to the interview.

Performing Background Checks

Performing a background check on each potential caregiver is crucial. This process must include examining criminal records (federal, state and/or county), DMV records and credit reports. Remember to obtain a written consent from the individual.

The Interview

Interviews aren’t always that easy, but here are guide questions to help you get information that really matters:

> How long is your experience as a caregiver?

> Are you trained and experienced in any specific area?

> Are you willing to perform the duties indicated on this list (referring to the list you have created)?

> Can you recommend some suitable recreational activities?

> How would you deal with an irate care receiver?

AGENCY CAREGIVERS

Depending on Medicare’s definition, home health care could be categorized as “skilled” or “custodial” care. Skilled care is intensive medical care provided or supervised by nurses and/or therapists. On the other hand, custodial care refers to care in terms of daily tasks like bathing, cooking and shopping. Before choosing an agency, consider what type of care your loved one will need – custodial or skilled – and whether or not it will be covered by Medicaid or Medicare.

The following are important questions to ask your prospective agency:

> What are the specific services you provide?

> Whom is your Care Team composed of, and are they qualified?

> What will be the costs for their services? Is there a possibility for extra charges to come up?

> Do you have the certification to take Medicare and Medicaid reimbursement?

> Do you have a state license, bonding and insurance?

> Can you provide references?

Resources – Getting Started & Next Steps

Facts About Reverse Mortgages

It is through reverse mortgage that people that are 62 yrs. old and above can convert the equity of their house into cash. Understanding reverse mortgage and its ramifications are very important before an individual decides to get one. It is in this article that we will be discussing the things that are related to reverse mortgage.

The interest and the principal amount is what you are going to pay in a normal house loan. The equity of your house will go up while the amount that you have loaned will also go down. Everything is opposite when it comes to reverse mortgage. It is in a reverse mortgage that you can turn the equity of your house into cash. You will not be required to pay the monthly payments. The cash that you need can be paid in different ways. You can have your cash in a single lump sum payment. You can also get your cash on a regular monthly payment. If you wish, you can also place the cash on a credit line account.

It is in reverse mortgage that the homeowner still owns the house and gets the cash that they wish to have. The system in a reverse mortgage is that the equity of the house will go down while the loan amount will go up. The total equity of the house should be as the same value and not higher with the cash loaned in a reverse mortgage. The value of the house should be the same value that the lender must seek. Your other assets including the assets of your house are protected by what is called as a non-recourse limit.

It is still required to pay the principal amount and the interest. If the owner of the property dies, sells the house, or moved to a new home, then he has to pay the loan. The loan amount will not have to be paid, if none of these instances occurred.

The lender will have to pay their loan if these circumstances also happen. The property tax that wasn’t paid can be a factor for the lender to pay their loan. The loan should be paid if the lender fails to repair and maintain their house. If the lender failed to ensure their house, then they will have to pay the loan. If there is a declaration of bankruptcy, then you will have to pay the loan too. The loaned amount also have to be paid if you abandoned the property. If there is fraud and misrepresentation, then you will be required to pay the loan.

A home equity loan is different from reverse mortgage. These can be methods to obtain money from your equity but they are totally different. These loans are the types of loans that will require you to pay the monthly interest on the total amount.

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