Money Sense

Money Sense – Managing Long Term Care

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Planning for long-term care is an extremely important part of financial planning, whether it is for you or a loved one. The cost of elder care can be as high as $7,000 a month, and there are a variety of options to consider. Join experts Eileen Dunn (Associates of Clifton Park) and Nicole McAllister (Franciscan Communities) to learn about long-term elder care and how you can prepare yourself and your family for their future needs.

Eileen Dunn, MS, CMC

Associates of Clifton Park

Eileen Dunn is a medical social worker with a bachelor’s degree in Social Work and a Master’s Degree in Health Services Administration.

Working as a Hospital Discharge Planner assisting patients with nursing home placement and post-hospital care for several years, she witnessed first-hand the financial devastation and emotional trauma of families who had not adequately prepared for their long-term healthcare needs. She also worked for the New York State Department of Health as Special Assistant to the Director of the Office of Medicaid Management and is very knowledgeable on Medicaid eligibility, National Partnership Programs and other government programs your clients need to learn about.

In addition to working with Associates of Clifton Park, she maintains a private practice as a geriatric care manager assisting families struggling to care for aging loved ones. She is certified through the National Academy of Certified Care Managers and is a member of the National Association of Professional Geriatric Care Managers.

This hand-on experience with families struggling with eldercare issues provides a unique and very real perspective for your clients. In addition to the individual market, this expertise has been essential in designing Long Term Care plans for many businesses across the country.  Her involvement with the decision makers and human resource departments makes her a very valuable resource in the corporate market.

Nicole McAllister, Business Office Manager

Franciscan Communities

Nicole McAllister has been helping families navigate the financial world of senior living care since the early 90s, in various capacities. She has experience in both for-profit, as well as not-for-profit settings. Ms. McAllister has acquired much of her education in the form of industry provided seminars and classes. She has participated in several state and federally-offered courses on Medicare and Medicaid regulations. Over the course of her career, she estimates that she has assisted hundreds of families with their financial concerns in long term care. Ms. McAllister is a native of the Northwest Indiana region, and feels that the best part of her career is empowering families with the education they need to make informed financial decisions for themselves and their loved ones. She currently serves as the Business Office Manager for Franciscan Communities – St. Anthony Campus in Crown Point.

 

Dian Reyome, Financial Capabilities Officer

Centier Bank

Dian Reyome, Centier Bank’s Financial Capabilities Officer, has a background in education and marketing. Mike Schrage, Centier CEO and President, created the position to partner Centier with the bank’s local communities through financial literacy. For the past 10 years that effort has grown from financial presentations in the schools in Northwest Indiana to presentations throughout the communities in Northern Indiana. Dian was also instrumental in bringing the FDIC’s program, Bank On Northwest Indiana, to the Northwest Indiana area and is the chair for the Federal Reserve’s Money Smart Week effort in Northwest Indiana. The idea for Money Sense grew from a presentation at a literacy summit at the Federal Reserve.

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