We provide this information to empower caregivers to take the steps needed to effectively protect existing assets, minimize costs and boost income.
Belleville, Ill. (PRWEB) January 10, 2012
Being a caregiver can be incredibly rewarding. It can also be expensive. Meeting monthly financial needs was a top concern for 1,579 family caregivers responding to the 2011 National Family Caregivers Association (NFCA)/Allsup Family Caregiver Survey. Allsup, a nationwide provider of Social Security Disability Insurance (SSDI) representation and Medicare plan selection services, has created an online resource section for caregivers that address their unique financial planning needs.
“We work with caregivers and their loved ones every day, helping them access and make the most of their financial and healthcare resources,” said Paul Gada, director of the Allsup Disability Life Planning Center. “We appreciate the family caregiver’s role and understand how financial concerns impact both the caregiver’s and care recipient’s lives.”
The Financial Planning for Family Caregivers section of Allsup.com provides information and resources aimed at helping caregivers meet the challenge of managing their loved one’s finances.
“For many people, taking control over someone else’s money and financial decisions is an uncomfortable task,” said Gada. “However, in cases where care recipients are unable to do it themselves, it is in their best interest to have a trusted caregiver help them manage their finances, find additional resources and advocate for any benefits they deserve. We provide this information to empower caregivers to take the steps needed to effectively protect existing assets, minimize costs and boost income.”
The information provided in the Financial Planning for Caregivers section covers the following topics:
- How to establish control over your loved one’s finances
- Determine your loved one’s finances and create a budget
- Make the most of your loved one’s benefits and insurance
- Make the most of Social Security and Medicare benefits
- Find resources that can help
- Turn assets into cash, but do it intelligently
Caregivers also can access an on-demand webinar that will walk them through some of the practical and legal issues they may face. A companion Financial Planning Toolkit, developed in collaboration with the NFCA, provides worksheets and links to resources.
Allsup is a nationwide provider of Social Security disability, Medicare and Medicare Secondary Payer compliance services for individuals, employers and insurance carriers. Founded in 1984, Allsup employs nearly 800 professionals who deliver specialized services supporting people with disabilities and seniors so they may lead lives that are as financially secure and as healthy as possible. Allsup is pleased to be a founding partner of the National Family Caregivers Association. The company is based in Belleville, Ill., near St. Louis. For more information, go to http://www.Allsup.com.
(800) 854-1418 ext 68573
(800) 854-1418, ext. 65065
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