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- 1. PEACE OF MIND Russ Sweeney Elder Care Family Advisory Services 821 Dix Street Manchester, NH 03103 603-205-5694
- 2. There may come a timeā¦.. ā¢ When the child becomes the parent ā¢ Additional responsibilities can be challenging : ā«Your own family and job responsibilities ā«Limited time ā«Distance and geography ā«Learning curve ā«Government agencies and Red Tape
- 3. Potential Problems ā¢ Missed bill payments ā¢ Termination of Services ā¢ Loss of Benefits ā¢ Victimization
- 4. Qualifications ā¢ Practicing Corporate Accountant for over 20 years ā¢ 17- years hands-on experience handling: ā« Dementia, Stroke and other age-related illnesses ā« Financial Needs ā« Elder Care Red Tape ā¢ Fully bonded for your protection
- 5. Assessment and Planning ā¢ Meet with all concerned parties to assess needs ā¢ Develop a customized plan together for managing your loved oneās finances ā¢ Begin agreed upon program ā¢ Assist in identifying additional services and/or professional needs
- 6. Routine Services ā¢ Bill payment and mail screening ā¢ Monthly bank reconciliation ā¢ Record Organization and Reporting ā¢ Medicare and Medicaid Counseling ā¢ Seamless coordination with: ā«legal representatives ā«Federal, State & Local agencies ā«Healthcare professionals
- 7. Bill Payment: Two Approaches ā¢ Authorized Payment ā« Funds deposited to separate account ā« Bills reviewed, checks prepared. Elder Care Family Advisory Services authorized to pay bills ā¢ Payment requiring family member signature ā« Review bills and prepare checks ā« Submit checks for your signature
- 8. Status Reporting ā¢ Monthly summary of all bills paid ā¢ Reconciliation of bank and other financial statements ā¢ Copies of all bills paid ā¢ Alerts of any issues needing immediate attention
- 9. Fraud Prevention ā¢ Mail screening ā¢ On line monitoring of bank statements, charge cards and cash withdrawals ā¢ Review of all bills for reasonableness ā¢ Monitor for changes in expenditure patterns
- 10. Medicare & Medicaid Counseling ā¢ Review Medicare/Medicaid eligibility requirements ā¢ Prepare Medicaid application for nursing home eligibility
- 11. Record Keeping & Tax Preparation ā¢ Identify and monitor tax deferred withdrawals and expenses to minimize tax liability ā¢ Organize all records to support the tax returns ā¢ Prepare State and Federal tax returns
- 12. PEACE OF MIND Russ Sweeney Elder Care Family Advisory Services 21 Kessler Farm Drive #379 Nashua, NH 03063 603-205-5694