Thank You to Our June 16th Elder Care Panelists

The Panelists:
Kevin Taylor, Vice President, Highland Capital National Life Insurance Brokerage Company
Pete Iorio, Attorney, Shareholder, Estate Lawyer, Fitzpatrick, Lentz & Bubba's Estate Planning & Administration of Trusts Group
Lorie Greco, Administrator, Northampton County Area on Aging
The second part of the Elder Care Panel took place on June 16th, at Lehigh Country Club. The following are the questions asked to the panel and their responses:
When should people start planning for long term care?
As soon as possible and should include simple wills, Power of Attorney(POA), and a Living Will/Health Care Directive.  Ask your elders where they keep their bank accounts, do they have a will and where do they keep it, as for digital assets, passwords for cell phones, and emails, do they have a safety deposit box, do they have any collectibles such as coins, stamps, etc. 
What are the basic estate planning documents?
Will, Power of Attorney, Health Care Directive, Durable Power of Attorney
How can you preserve your estate from nursing care costs?
Gifting money, financial strategies and planning
If you go into a Nursing Home can you protect your assets from being attached?
There is protection regarding health care however it usually costs anywhere from $2,000 to $8,000 per month for quality care. 
Are there "red flags" when dealing with an estate attorney?
Yes, if you get a solution from an attorney before you share your specific information. A good attorney will spend time with you to discuss your specific needs and then will provide specific estate planning.
What is paid by Medicare and what is not paid?
Medicare does not pay for much. Private long term care programs are best for coverage. 
What benefits should we look for in Long Term Care Coverage?
Life insurance that has long term care attached to the policy which is paid via indemnity and reimbursement. Most plans have an inflation adjustment.  Look for well known insurance companies - do your homework. If you do not use your long term care insurance it's "use it or lose it". Long term care insurance is just like life insurance - you pay into it and then once the person dies there is no return unless you have whole life insurance.  Long Term Care coverage is expensive and it is contingent upon a medical exam.  The ideal time to purchase this is when you are 30-40 years old because you most likely will be in better health. 
Are there other options for example for Veterans, etc.?
Lorie provided several booklets that share these services. 
What conversations do you need to have with your loved ones?
Such conversations like what is their medical information, what medicines are they currently taking, what are their assets, do they want to live out their life in their home or do they want to be in a care facility?
What conversations should employees have with their employers regarding time needed to take care of their parents? 
The best is to have a conversation with your supervisor or Human Resource manager to share what you are dealing with and to make a request for flexibility regarding  work hours. 
What if parents do not want to cooperate?
Have a conversation to find out what they are thinking and concerned about.  How are they managing their diet, hygiene, are there mental issues? Then offer them the least restrictive options. Given that there are many home care companies this may allow your parents to stay safely in their homes. 
If there is limited money how do people get care?
Contact Medicare and apply to get resources. 
Lorie Greco had 3 brochures that had resources and other information. 

Thank You to Our June 2nd Elder Care Panelists


Jacklyn Atiyeh, Executive Director, Heather Glen Senior Living

Brianna Clauser, Luther Crest Senior Living Facility

Steven Goodman, Ascend Hospice and Palliative Care

The June 2nd Elder Care Panel Discussion provided insight and answers to many questions surrounding choosing the right type of care of our elderly loved ones. Below are key takeaways from June 2nd.

Seek the advice of legal counsel before acting on the behalf of an aging loved one.

The type of care required varies by individual needs. Many facilities offer all, starting with assisted living, which can progress up to skilled care.

When choosing a facility, ask for references from the facility and residents. Tour the facility yourself and utilize all your senses when doing so. Is it a quiet, peaceful place? Are they sufficiently staffed? Does the facility smell clean?

Great Facilities offer varying types of group activities. Consider the interests of your loved one and choose a facility that offers likeminded activities.

Hospice and Palliative Care is the choice of the patient, not the facility. Take time to explore them as they are not all alike. For more information on Hospice and Palliative Care, speak to Forum member Steve Goodman for sound advice.

Amy Lafko and The 7 Stages of Growth

Before attending our meeting Amy sent out a link of 27 Challenges -Stages of Growth from the book "The 7 Stages of Growth" by James Fischer.  We were to review the list and circle our top five challenges we are experiencing in our workplace. 

The 7 Stages of Growth were represented by the number of staff, number of managers, number of executives:

1.  Start-Up                      CEO is basically doing everything in growing the company and in survival

2.  Ramp-Up                     CEO continues to focus on growth and starts to delineate responsibilities

3.  Delegation                   CEO must start to relinquish control and needs to have staff buy-in

4.  Professional                 CEO needs to hire professional managers who have a successful track record

5.  Integration                  CEO needs to focus on unifying the organization

6.  Strategic                     CEO needs to create and implement strategy, create a culture and core values are key

7.  Visionary                     CEO must be the visionary; must not lose sight of the targets 

Growth = Complexity and at each stage there needs to be an understanding of what is needed from the CEO.  As the company grows it is critical that the CEO grows and is flexible regarding their leadership and what is needed for the organization to stay focused and at the same time continue to grow the company.  

During all 7 Stages of Growth there are 3 "Gates of Focus"; Priority, People, Process.  Although all of these are present at each "Gate of Focus" they take on a specific standing at each stage of growth.  

Amy then asked us how we rated the list of challenges that we each face in our organizations and related that to the 7 Stages of Growth.  She then posed the question as an employer what do I need to do to get to the next level?

Amy then reviewed the "Three Faces of the Leader Blend" : Visionary, Manager and Specialist and when are each of these needed in the organization based on the stage that the company is in.  

We then had a robust conversation regarding the "Five Primary Challenges of a Company":

1.  Cash flow

2.  Hiring quality people

3.  Staff buy-in

4.  Weak project management

5.  Improve sales

Ken Mackenzie & Selling Real Estate

Selling investment real estate, whether it’s our business building, a rental property or others type of investment real estate means you may have a large capital gain. We will explore using an IRS approved process that potentially defers your capital gains, as well as a solution that may not require you to continue owning/managing a specific physical property. This is an important subject matter for anyone who owns investment properties like office buildings, warehouses, beach properties and rental homes to name a few categories. Contact Ken if you need guidance on the sale of your investment property.

John Eltringham from HMK Insurance How to combat Worker's Compensation Abuse!

John Eltringham gave an insightful presentation on combating Workers Compensation Abuse.

Here are some Key Takeaways:

1. Develop policies to get the employee back to work as soon as possible in a light duty role.

2. Do your due diligence when hiring new employees, ask about workplace safety and injuries at prior jobs.

3. Install security cameras for review of workplace safety violations and opportunities for improvement.


HMK Insurance provides a variety of insurance and support to local businesses. Learn more at