Planning for LTC
At some point in a person’s life, long-term care services may be a necessity. Recognizing this possible reality, it is helpful to discuss the issue with appropriate family members, healthcare professionals and financial advisors. Planning ahead can help increase a person’s options and preparedness, avoid having to act in a crisis, and relieve financial pressure and emotional strain on the person in need of long-term care and his or her family.
Things to think about include:
- Health status and expected progression of a disease/disability
- Family situation
- Personal assets/income
- Retirement goals
- Informal versus formal care
- Desire for optimal independence
- Types of care settings
- Eligibility requirements for public programs or private financing options such as long-term care insurance
- Payment options
For more information about long-term care, connect with the Alzheimer’s Foundation of America’s licensed social workers. Click here or call 866.232.8484. Real People. Real Care.