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“How do I plan for Long-term Care?”
Are you prepared to live for 100 years? More centenarians celebrate birthdays today.
Long-term care is no longer a luxury for the lucky few.
“How do I plan for Long-term Care?”
Are you prepared to live for 100 years? More centenarians celebrate birthdays today.
Long-term care is no longer a luxury for the lucky few.
Who Needs
Long-term Care
Long-Term Care insurance is not paid for under Medicare however, more insurance programs are now adding in home support for Activities of Daily Living, Home Safety, and even at home hospital care. Call your health insurance company customer service phone number and ask for more information on your benefits.
500k+
older women today are severely lonely
5
years on avg. women live longer than men
70%
of elderly need long-term care
What
The Right Level Of Long-Term Care
Long Term Care during a hospitalization happens in three settings: skilled nursing facilities in sub-acute settings, acute rehabilitation, and long-term acute care. All three occur at the hospital or when transferred to another facility certified and staffed with nurses and therapists taking orders directly under physician supervision. This level of Long-Term Care is paid under the Medicare program.
Long Term Care when a change in level of care is required is funded by private insurance, private pay, or Medicaid benefits. Consumers select from; home health service while aging at home, assisted living facilities or nursing home placement.
Where
Find The Best Long-Term
Care Providers
The Medicare Nursing Home Compare site is the national database and oversite of the nation’s nursing homes. Each State has their own Department of Elder Affairs or Health Affairs that monitors Assisted Living Facilities or using Eldercare Locator.
When
Visit Long Term Care Facilities
Once the list is narrowed, visit again. Unannounced. Go during mealtime. Go when the staff should be most active with the residents to get a realistic picture of daily life.
Notes from the Author
Top Ten Reasons to Embrace Long-Term Care Insurance in the Face of Difficult Decisions
Navigating Uncertainties with Confidence
Long-term care decisions are fraught with uncertainties, but having a comprehensive insurance policy provides a solid foundation. It instills confidence in knowing that financial support is available to navigate the unpredictable challenges associated with aging, disability, and residential care.
Aligning with the Senior’s Wishes
A long-term care insurance policy allows seniors to maintain control over their care decisions. By ensuring financial resources are available, it empowers them to choose the type of care they desire, whether it’s at home or in a specialized facility.
Financial Preparedness for Care Costs
Long-term care insurance bridges the gap between desired care and financial reality. It eases the burden of worrying about whether there are sufficient funds to cover necessary care, providing peace of mind for both seniors and their families.
Seamless Transition to New Realities
Long-term care decisions often necessitate lifestyle adjustments. With insurance coverage, these transitions become more manageable, ensuring that seniors can adapt to their evolving needs without the additional stress of financial strain.
Supporting Aging in Place
In-home care, home modifications, and other aging-in-place options become more feasible with the financial backing of a long-term care policy. Seniors can receive the necessary assistance to stay in their homes comfortably and safely.
Tailored Care Options
Long-term care insurance enables individuals to customize their care plans according to their unique needs. Whether it’s in-home assistance, home health care, or modifications for accessibility, the policy offers flexibility to align with specific preferences.
Ensuring Proper Nutrition and Well-being
Beyond basic care, long-term care insurance covers services like meal delivery, promoting proper nutrition for seniors. This ensures a holistic approach to well-being, addressing both medical and lifestyle needs.
Facilitating Access to Essential Services
Transportation services are vital for seniors to attend appointments and run errands. Long-term care insurance recognizes this need, providing the means to access these essential services and maintain a sense of independence.
Expert Guidance for Informed Decisions
Consultation with healthcare professionals, such as doctors or geriatric care managers, is crucial in making well-informed long-term care decisions. Having insurance adds another layer of expertise, ensuring that the chosen options align with both medical recommendations and financial realities.
Preserving Dignity and Legacy:
Long-term care insurance contributes to preserving the dignity of seniors by allowing them to receive the care they need without compromising their financial legacy. It safeguards assets, ensuring that the fruits of a lifetime of hard work can be passed on to future generations.
Monica Stynchula – CEO / REUNIONCare, Inc.
