Erin Arvedlund of Phillynews.com recently wrote an article alerting consumers about health care providers and \u201cbed hold\u201d charges. We believe that many persons are unaware as to what a \u201cbed hold\u201d charge is and can potentially incur significant unexpected charges.<\/p>\n
What is a \u201cbed hold\u201d charge? An example would be when a resident at an assisted-living facility has a mishap and is transferred to a hospital for medical treatment. The assisted-living facility can charge its residents for a full month even if they leave for short- or long-term stays at a hospital or other care facility.\u00a0 Andrea Murphy, long-term care ombudsman supervisor for Montgomery County Aging and Adult Services in\u00a0Norristown, was quoted as saying \u201cThink of them as you would a hotel: If you leave all your stuff, you\u2019re going to get billed for those days.\u201d Some facilities ask the family \u201cDo you want to pay the bed hold rate?\u201d However, not all facilities do so.<\/p>\n
Ms. Murphy recommended that those considering placing a family member in any care facility consult with an elder-law attorney. The news article quoted Mark Davis, an elder-law attorney, that \u201cUnlike personal-care homes and even nursing homes, where the resident is paying for a \u2018bed\u2019 more so than a \u2018living unit,\u2019 assisted living is more like an apartment lease arrangement. So the assumption is unless either the residence or the consumer initiates discharge while the person is in the hospital, it\u2019s understood that you keep paying and they can\u2019t rent your room to anyone else.\u201d<\/p>\n
Another cautionary note: If you sign an agreement to pay for a parent or another person, are you personally liable to cover the bills?<\/p>\n
The article also quotes geriatric-care manager Melissa Coopersmith, who says before admitting a family member to an elder-care facility, ask about:<\/p>\n
If you want to discuss your business or personal tax planning<\/a>, tax preparation<\/a> and other financial concerns with an experienced tax professional, including how to adopt an age-weighted profit-sharing plan, we invite you to call 610-594-2601<\/a> today to make an appointment at our Exton PA CPA office<\/a> to discuss your situation. You can also schedule a consultation at Click Here<\/a>.<\/p>\n Erin Arvedlund of Phillynews.com recently wrote an article alerting consumers about health care providers and \u201cbed hold\u201d charges. We believe that many persons are unaware as to what a \u201cbed hold\u201d charge is and can potentially incur significant unexpected charges. What is a \u201cbed hold\u201d charge? An example would be when a resident at an […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[58],"tags":[],"class_list":{"0":"post-2209","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-insurance-needs","7":"entry"},"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9W9tf-zD","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts\/2209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/comments?post=2209"}],"version-history":[{"count":2,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts\/2209\/revisions"}],"predecessor-version":[{"id":2211,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts\/2209\/revisions\/2211"}],"wp:attachment":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/media?parent=2209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/categories?post=2209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/tags?post=2209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Copyright \u00a9 2017 Keystone Financial Solutions, P.C.\u00a0 All rights reserved.\u00a0 BE SURE TO READ THE DISCLAIMER PAGE: Content in this blog is for educational purposes only and should not be considered as the rendering of tax, legal or investment advice. The publisher of this blog makes no representations as to the accuracy or completeness of any information herein, will not be liable for any errors or omissions, and shall not assume liability for any losses, injuries, or damages from the display or use of this information.<\/strong><\/h6>\n","protected":false},"excerpt":{"rendered":"