4 Benefits of a Registered Education Savings Plan

A Registered Education Savings Plan (RESP) is a savings account used for the post-secondary education of a child or other payee. An Heritage RESP account can be opened by anyone, and you do not need a bank account to open an RESP. Heritage Education Funds accounts offer a proactive way to start saving for the high tuition costs of post-secondary education. Here we will describe four benefits of RESPs.

1. Protect growth from taxation
Although contributions to an RESP account cannot be deducted from taxable income, growth on contributions are not taxed. This means that any investment income earned on RESP savings as long as they stay in the account. As a result, savings grow more rapidly than money in traditional savings accounts. Since 2007, there has been no limit on the amount account holders can contribute each year. However, there is a lifetime contribution limit of $50,000 for each RESP recipient.

When the student is prepared to withdraw the funds, money is paid out as Educational Assistance Payments (ESPs). Although ESPs are subject to income tax, students with little or no other income can withdraw the money tax-free.

2. Receive government grants
Holders of an Registered Education Savings Plan account qualify for government grants such as the Canada Education Savings Grant (CESG). Grants are offered as a way to incentivize saving for post-secondary education. The CESG is paid by the government into an Heritage RESP account, and provides 20 percent on every dollar contributed up to a maximum of $500 per year. There is a maximum lifetime of $7,200 earned through the CESG. Any unused grant amounts are carried forward into future years.

Additional provincial grants may also be available in certain provinces. For instance, the Quebec Education Savings Incentive (QESI) provides 10% on every dollar contributed, up to a maximum of $250 per year. Families in low or middle income brackets can also qualify for an additional $50 each year. Similar grants may be available in other provinces for eligible recipients.

3. Accounts are flexible
An RESP account can remain open for up to 36 years. If the intended recipient has decided to postpone plans for post-secondary education, the savings can remain in the account for this period. In the case that the intended recipient decides not to use the funds, the contributions can be transferred to another beneficiary. If savings are not transferred to another recipient, earnings on investment may be payed out as an Accumulated Income Payment (AIP) to eligible account holders. In this case, interest earned on savings as well as government grants will be returned to the account holder. AIP earnings are subject to taxation.

4. Preparing for the future
The costs of higher education are steadily rising. By 2036, it is estimated that tuition costs for a 4-year degree will average $84,000 not including living expenses. An RESP account provides an effective means of saving for the future and earning additional income. Since earnings on investment will compound each year, the earlier you start contributing to an RESP more your income can grow.
A Registered Education Savings Plan allows you to begin planning for a child’s future. These and other benefits highlight how RESPs can get you started in the right direction.

What You Should Know About Home Health Care Information

Home health care involves the services offered by an interdisciplinary team. Such a team often includes a therapist, registered nurse, personal aide, social worker, medical equipment supplier and informal caregivers. As the leader, only the physician is held legally responsible when it comes to determining the healthcare needs of a patient. When providing home health care services to seniors, physicians bear the responsibility of developing and authorizing treatment plans. However, every member of an interdisciplinary team is equally important.

House Calls
Current regulations allow physicians and registered nurses to offer house call services. House calls make it possible for doctors to evaluate a patient’s circumstances and home setting, which in turn allows them to observe and address the issues they may have missed during office visits. Cluttered hallways, burned out caregivers and lack of railing are some of the issues capable of keeping patients from functioning as they should. Home visits can also reveal improper medicine applications or patient abuse, all of which can get in the way of treatment. In addition, house calls make it possible for patients to access healthcare services without having to travel, which is significantly important if getting out of the house is difficult.

When Is Home Health Care Necessary?
Home health care services are necessary when therapy, nursing, or aide services are required. You need this type of service if you:
• Have trouble getting around while recovering
• Have wounds that require regular cleaning
• Require frequent injections or medication
• Suffer from an incurable disease and therefore need emotional support and care
• Lack sufficient knowledge about the medical condition you suffer from and how to manage it
• Need help to perform basic functions like bathing, dressing, or meal preparation

While a patient with any of the issues listed above is more likely to need home care services, the amount of time will vary depending on the medical condition. Some patients will need this type of healthcare services on an ongoing basis other will need it for a limited period. The Eldercare Home Health website has the available resources if you would like to learn more.

Medicare
Before they can qualify for Medicare coverage, patients must be “confined to the home.” To be considered as confined to the home, patients must meet a few conditions, which is why you should know the criteria. As outlined by Medicare, below is a qualification guideline that includes the conditions a qualified patient has to meet.
• A patient must be suffering from a condition that makes leaving the house a difficult if not impossible task.
• A patient does not have to be bedridden

Patients can leave their homes when they need to:
• Go for an occasional outing. As long as they are occasional, attending a family reunion and walking around the block are acceptable.
• Visit a professional health care practitioner
• Attend a religious service

Benefits of HACCP Certification Training For Food Service Workers

Hazard Analysis and Critical Control Point (HACCP) certification was originally imagined as an international standard for food production quality. However, as markets become increasingly competitive, there may be compelling reasons for service industry workers to receive HACCP certification training specifically geared towards food handlers ranging from restaurant owners and managers all the way to servers.

Courses to train food service professionals in HACCP certification principles vary widely but are typically inexpensive and brief in nature. Some may be conducted on-site by a trainer, held at a technical college, or even provided as an online course to be studied at the user’s own pace. The advantages to training are numerous from both the restaurant owner’s standpoint and that of the individual worker.

HACCP Certification Training Benefits for Restaurant Owners

HACCP training courses for service industry workers will cover the core principles of HACCP compliance. Of course, one of the primary focuses is on the identification of causes for and prevention of foodborne illnesses more commonly referred to as food poisoning. The worker will also learn to identify potential hazards in food preparation and serving techniques or procedures, how to identify critical control points such as sterilization temperature requirements, and how to implement and document corrective actions.

For restaurant owners, this means fewer incidents, higher consumer confidence, lowered liability, and greater profitability. Not to mention, training programs can help restaurant owners meet high quality standards and uphold social contracts to protect public health concerns.

HACCP Certification Training Benefits for Individuals

Even if training is not required by restaurant leadership, individual food service workers may consider pursuing training independently. Not only does training provide critical career-related knowledge, it also gives distinct career advantages. Consider, to start, that food service workers with documented completion of an HACCP training program can expect to earn up to 40% more in annual income than their untrained counterparts.

Also, as HACCP compliance is becoming increasingly required around the globe, those who receive training open up opportunities for mobility and advancement in a much larger market.

How to Choose the Right HACCP Certification Training Program

First and foremost, be certain that the program you are selecting for your restaurant or individual use complies with your needs and any regulatory codes you may need to meet or desire to meet. Then, decide if an in-person or online course is right for you.

Many courses for servers or kitchen workers can be completed in a few hours. For large restaurants, it may be easiest and most cost-effective to have a trainer conduct a seminar for several or all workers at once on the premises. For individuals, an online course may prove to be the most flexible and economic option. There are more online resources available at dicentra.

How to Determine the Level of Home Health Care Your Loved One Needs

Booking home health care services is a great way to improve the living experience of your loved one. As loved ones get older, they lose the ability to fully care for themselves and their home. Home health services are available to provide everything from light housekeeping and assistance with meal preparations to personal hygiene and even nursing care. Both the type of care agency that you contract with and the type of caregiver that they send out to the home will be dependent on the needs of your loved one. Before you begin exploring the options, it is wise to follow a few steps to better determine the level of care your loved one needs.

Spend Ample Time With Your Loved One
The abilities of an elderly individual can decline rapidly in some cases. If it has been more than a few weeks since you have spent several days with your loved one, it may be advisable to do so now. Your loved one may require care at critical times each day, and you will be hard-pressed to make this determination if you do not personally observe him or her getting out of bed, getting dressed, preparing meals, performing housekeeping tasks and more. You can find a lot of helpful online resources available at BrightStar Care.

Inquire About Personal Needs and Wants
While personal observations are important when determining if you need home health care or service from a nursing agency, you also need to ask your loved one for feedback. Consider the level of care he or she would prefer. Ask about specific tasks that he or she has trouble with. This will help to ensure that the care that is scheduled will truly improve his or her quality of life in desirable ways.

Review the Availability of Services
Now that you have a better idea about the types of services you prefer or need your loved one to have, you must then decide which type of home health care service is right for him or her. This requires you to learn more about basic and advanced home care services as well as services available through a nursing agency. While cost is inevitably a concern when booking care services for a loved one, it is most important that you find a solution that is best for him or her.

It is important that you follow these critical steps to find the right care services for your loved one. However, keep in mind that your love one’s needs will likely change several times over the course of the next few years. The best caregiver to hire may also have additional services available that can be added as needed to enhance your loved one’s living experience. Keep these important points in mind to make the best decision when hiring a caregiver for your loved one.

3 Benefits of Having a Good Family Doctor

If you are like a lot of people, you might not go to the doctor very often. However, even if you are healthy and don’t require a lot of medical care, it’s a good idea to have a family doctor who you can go to when you do need assistance. These are a few reasons why.

1. Form a Good Relationship with Your Doctor

First of all, one good thing about having a primary care physician at a local family clinic is the fact that it can allow you to form a strong relationship with your healthcare provider. If you see the same doctor each time that you need basic care, he or she is sure to remember you. Additionally, your doctor will have extensive medical records of all of your medical history. This means that he or she will know all about your past, which can help him or her to better diagnose you when you are facing health issues.

2. Find a Doctor Who Can Provide Care for Your Entire Family

Another great thing about having a good family physician is the fact that you can rely on him or her for care for all of your family members. A family physician generally has experience in helping patients of all different ages and with all different medical histories. By ensuring that your whole family sees the same doctor, you can make it easier to schedule appointments for your family without having to run around to different doctor’s offices. Plus, your doctor, the nurses at the clinic and the others who work in the office can get to know you, your spouse, your children and anyone else in your family. This can be a positive feeling for everyone in your family each time that you need to go to the doctor.

3. Save Money on Medical Bills

If you see a specialist each and every time that you need medical care, you might find that your healthcare bills are a whole lot more expensive than they have to be. In general, a family doctor clinic is going to be a lot more affordable than going to a specialist. Of course, you may still need to see other doctors at times, depending on the health concern that you are dealing with. However, if you go to your family doctor for most of your care, you might find that your healthcare costs are a whole lot more affordable.

As you can see, if you don’t already have a family doctor, now is the time to think about looking for one. By asking around and checking with a few different offices, you should be able to find a family doctor who is right for you. To learn more, please visit Vital Care for additional information, resources and references.