Chances are, you will live beyond the age of 65. At one point, you will need help doing basic things like bathing, dressing, or moving around. It is therefore important to start taking charge of your future by planning for long-term care now. You will be grateful you did it when the time comes.
Why Plan Ahead of Time?
Here is why it’s important to plan way ahead of time.
Cost
It is common for families to inflate Medicare cover and underestimate the cost of home care. Prior planning will help you estimate the actual cost and look for potential funding options ahead of time. If not planned for, long-term care may end up swallowing all the family assets leaving dependents with nothing to live on.
Long-term care can drain family resources. Immediate family members like friends, spouses, and children are often the first to chip in. Some have to leave their jobs to take care of you for no pay. A plan ahead of time will save your loved ones the financial headache.
Gives You More Control Over the Situation
Long-term care is for you if you want to retain your independence and control. It gives you several options to choose from. For instance, you could find some nice housing for seniors or choose private caregivers. It will also allow you to plan for wheelchair, ambulatory, and stretcher transport for those who want to age in place.
Furthermore, prior planning gives you peace of mind. It empowers you to make decisions or select your favorite decision-maker. Deep down, you know that someone will take good care of you. That brings peace. Also, you will not rely on family members for basic tasks when the time comes.
Home Care
Some people prefer the comfort of aging at home. Planning allows you to install the necessary support care equipment. Reliance on Medicare is disappointing at times because it only covers part of the costs and is subject to restrictions.
Long-term care insurance programs cover certain benefits such as care planning visits and home modifications. They also allow you to secure durable medical equipment, for example, hospital-style beds, wheelchairs, and walkers. You get funds to install wheelchair ramps and widen the doors. Other benefits include emergency medical response services, home safety checks, and caregiver training.
Planning for Long-Term Care Eases Transition
Transition always weighs heavily on the family, and long-term planning makes it easier than ever. A well-thought-out plan ensures everyone is reading from the same page. It guides the family on matters such as end-of-life choices, living arrangements, and caregiving.
Long-term planning allows you to spend more time and the best moments with your loved ones. They will have a clear inheritance plan and know how to coexist in peace when you are no longer with them.
Take Charge of Your Future Today!
Crafting or adopting a long-term care plan is not a death sentence. Misfortunes like physical disabilities may occur sooner than expected, and you need a backup plan. If the worst happens, you will pay less and have peace of mind.
