Long-term Care Planning

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Navigates the many insurance, trust and other products to create a personalized plan to ensure monies and resources will be available when needed.

  • Why Plan? Consider:
    Family caregivers experience more physical ailments than non-caregivers
  • Family caregivers are more likely to experience severe stress, depression, and cognitive problems
  • In 2007, caregivers spent approximately $2400 on the care of a loved one
  • Caregivers are more likely to seek reduced work hours or quit altogether. Hence, limiting their opportunity to build their own retirement or long term care savings.

Long term care planning checklist

The process of long-term care planning involves the following four principles:

  1. Knowledge Is the Key to Success
  2. Professional Help Is Crucial in Saving Time, Money and Stress
  3. When Money is Available For Care, Caregiver Stress Is Reduced And Care Options Are Expanded
  4. Success Is Assured through a Written Agreement with All Parties Involved

National Care Planning Council

Some steps involved in Planning for Long Term Care…

  • Put important documents in place such as a Will and Power of Attorney
  • Get financial counseling to thoroughly explore your financial options in order to effectively plan for LTC costs
  • Choose a Medical Advocate in the event you can no longer make decisions for yourself due to an extended illness
  • Investigate home healthcare services that provide at-home care.
  • Investigate reputable long-term care facilities
  • Put your plan in writing

92% of Americans are without plans for their long-term care.
A good rule of thumb is to develop a plan no matter what your age. If you are a parent, create a strategy in the event you need long-term care.

“Avoid the potential of financial devastation and loss of dignity by planning.”

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