EFC: Episode 23 11 Ways to Keep Loved Ones Safe Financially

Welcome to the Empowered Family Caregiver Podcast with Tandy Elisala 

EFC: Episode 23  11 Ways to Keep Your Family Safe Financially 

Here are some key ways to keep your loved one’s safe financially that we discuss in more detail in this episode: 
 
1. Financial planning 

2. Switch to generics 

3. Find less expensive brand name drugs

 4. Switch to a mail-order pharmacy 

5. Find a better Medicare drug plan  

6.Apply for the Extra Help program 
 
7.Free or reduced medication costs.  Several sites to check include: www.needymed.com.  RxAssist.org

8. Negotiated medical bills. 

9. When evaluating nursing home options and if you opt to have a nursing home manage funds, find out if trust funds managed on their behalves are insured and bonded. 

10. Seek legal counsel to evaluate your financial situation and needs. I recommend an attorney specializing in elder care/family care and estate planning. 

11.  Evaluate their expenses on a regular basis to ensure the appropriateness of spending patterns and habits. 

Follow/connect with our facebook page @EmpoweredFamilyCaregiver, where we continue the conversation. 

I invite you to join my private FB group @ www.facebook.com/groups/EmpoweredFamilyCaregiver  

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