You may need long-term care as you age. This can leave you having medical, legal, and financial concerns. To make the process less stressful, create a long-term care plan. This plan ensures your future personal and medical care needs are met. It also makes sure that you have access to help with daily errands, household tasks, and financial management tasks.
As long-term care has become more expensive than ever, it must be planned and discussed early. This prepares you once you need such support someday whether you choose to stay at home, live in a nursing home, or stay in an assisted living institution. You should click to learn more about what to expect from a good long-term care plan. When creating this plan, here are the things you should consider:
The Type of Care You Need
Long-term care services can assist seniors with activities of daily living. These activities include bathing and using the bathroom. Also, medical and non-medical care services can help those who have a chronic disease or disability.
Where You Plan to Live
You can receive long-term care at home or in a facility. Your decisions must consider some factors like financial resources and your willingness to adjust to lifestyle changes. Also, location changes and the necessary level of care are important considerations. Below are your options for living arrangements:
- Independent living. This can give you supportive services like meals, social activities, housekeeping, and maintenance.
- Assisted living. This combines housing, healthcare, and supportive services, emphasizing your choice and privacy.
- Nursing homes. Such facilities provide extended care to those who need skilled nursing care, assistance with everyday living and supervision, and rehabilitation.
- Long-term care facilities. These can provide you with general nursing care if you are chronically ill or cannot take care of your everyday living needs.
The Way You Will Pay Long-Term Care
Long-term costs can vary according to the kind of care you need, your desired living arrangements, and where you live. Below are your resources and approaches for paying for long-term care:
- Long-term care insurance. This insurance is meant to provide financial support, so you can pay for the long-term care services you will need.
- Government assistance. If you are eligible for Medicare, financial assistance for nursing home rehab and home health care after hospitalization is available. However, you cannot rely on this assistance for your long-term needs.
- Your savings and investments. These can help offset the long-term care costs. But these can deplete your resources, depending on your longevity and the increase in costs.
- Community services. These include senior centers, adult day care, transportation, and meal programs given by the city, state, or local agencies.