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The Realities of Senior Care in Maine with Kaitlyn Cunningham Morse

  1. The Realities of Senior Care in Maine with Kaitlyn Cunningham Morse Guidance Point Advisors, LLC. 41:29

Ep 111: Today’s episode is focused on one of the most complex and emotional decisions retirees and their families face: senior care. When the time comes to consider assisted living, home care, or long-term care, families often feel overwhelmed by industry jargon, pricing structures, and the uncertainty of choosing the right path.

Many seniors accept the pricing presented to them by facilities without knowing there’s room for negotiation or better-suited options available. Others struggle to navigate the differences between private pay and Medicaid-funded communities, unaware of how these choices impact their care and financial future.

Our guest today specializes in helping families cut through the confusion and find the best senior care solutions. If you’ve ever wondered when to start planning, how to navigate the system, or what the real differences are between private pay and Medicaid options, stay tuned – this is a conversation you won’t want to miss!

Chapters:

Welcome, Kaitlyn Cunningham Morse! [2:45]

What are the key benefits of having a Buyer’s Agent for senior living? [6:30]

What are the differences between private-pay and Medicaid-funded senior care options? [13:44]

How can families plan for care in a way that may allow them to stay in their homes? [20:16]

What steps can be taken today that would help be proactive and avoid last-minute (costly) decisions when it comes to senior care? [30:28]

How will Kaitlyn find her personal Retirement Success? [35:58]

Episode Conclusion. [38:48]

Benjamin Smith Host, Retirement Success in Maine Podcast & Financial Advisor

Ben's focus with our clients is to direct the investments of their investable portfolios. In teaming with Curtis Worcester and Austin Minor, Ben combines his investment expertise from attaining the CFA Charter with Curtis & Austin's financial planning expertise to provide clients with the tools, confidence, and education to make informed decisions about their retirement. As Ben, Curtis, and Austin have a number of clients that are Northern Light Health employees, they've developed a specialty in serving clients in the healthcare field. You can read their "Employee Guide to the Northern Light Health Retirement Plans" here.

He has spent his entire career devoted to serving individual clients and institutions by developing and implementing investment strategies, setting portfolio structure, and providing the highest level of client service. He's passionate about helping clients maximize their savings and retirement income using the many financial planning and portfolio management tools available to Guidance Point consultants. Prior to working for Guidance Point Advisors, Ben worked for Acadia Trust, N.A., a subsidiary of Camden National Corporation, as Vice President, Portfolio Manager based in Bangor, Maine. Ben assumed responsibility for and oversight of over $300 million in client portfolios, including individuals, families, retirement plans, endowments, foundations, businesses, and trusts; and he served on the Company’s Investment Committee.