Long-term care is when an individual requires physical and emotional care for an extended period of time. These types of help are typically the activities that normal and active people take for granted. Some of these are walking, using the bathroom, bathing, pain management, eating, doing errands and help with incontinence.
Most people only find out about long-term care when they or a loved-one requires it. Then their options become limited because of a lack of information and insufficient finances to pay for certain services. For this reason, it is important to plan for long-term care. 70 percent of individuals above the age of 65 require long term care. So, if you live beyond this age you are most likely going to require this type of care and this likelihood only increases with age. So why is long term care important?
Service Options – By planning ahead, you will be able to determine all the services that your community offers and the special conditions that are eligible for receiving a type of service. You will also be able to determine the cost of services and the different payment options (public or private). Knowing this information will allow you to make better decisions when you require long term care. It allows you to take control of your future.
Save Money on Long Term Care – Planning ahead for long-term care is important because the cost of care now exceeds an average person’s income and resources. Planning for this type of care allows you to save your assets and income. You then have the ability to use your finances for other pursuits such as enjoying your golden years or leaving a part of it to your loved ones.
Planning for long-term care also helps your family members since they do not have to bear the entire financial burden. It allows you to involve your family in making decisions without depending on them for everything.
Greater Independence – The most important advantage of planning for long-term care early is the independence and control it gives you over your future. You can choose the type of long-term care you will receive. You also have the choice of living outside of a facility and live at home instead. You also decide the length of time you will receive these services.
Some families find it difficult to discuss long-term care with their aging loved ones. Adult children feel that they are patronizing their parents. But discussing and planning for long-term care is important and will benefit everyone.