Living Life On Your Own Terms – The Importance of Long Term Care
What Is Long Term Care?
Long-term care (LTC) is a range of services and supports you may need to meet your personal care needs, when you cannot care for yourself for long periods.
When most people think of long term care, they think of nursing homes and assisted living facilities, but there are many different types of long term care. In general, this is the type of care that you may require if you are unable to perform activities of daily living (ADL’s). These activities include bathing, dressing, grooming, using the bathroom, eating, and moving around.
There are many circumstances that may cause you to need long term care. Whether young and have experienced an accident, are diagnosed with a debilitating medical condition, or in your retirement years and in need of additional support to continue living life to the fullest, planning for this is important to consider
Good planning can help make it easier for you and your family to manage care if needed, and support you with the costs that may come from any covered additional care.
Find out more about Long Term Care and how important it could be for you.
Things to Consider
When you look into the options available for LTC and whether it is something you need to set yourself up with now or in the future, there is a lot to consider.
- At what age should I purchase LTC insurance?
- Is long term care costly?
- How can caring for me impact my family?
- Is long term care insurance a good deal?
A lot of questions come up when thinking about long term care. The good thing is, you don’t have to figure them out on your own. We can help you ask the right questions, understand what may be a good fit for you and see how that can work into your financial plan.
It starts with a conversation.
Caring for the Caregiver – Deﬁning the Caregiver Experience
Did you know there are over 53 million unpaid caregivers in the United States? Are you one of them? There are tools and resources out there for families that could redeﬁne their caregiving journey.
Caring for family is important. Though important, it can cause challenges that you may not realize have impacted your day to day life as the caregiver. Some of these things are more obvious like having less free time but other items aren’t always so visible.
Areas that may be impacted can include:
- Identity discrepancy – The Caregiver/Family Member percentage
- Emotional Burden – For you or your family
- Stress – Caregiving involves stress in many areas
- Self-Care – Caring for others makes self-care more important
- Financial – From POA to Out of Pocket you’ll need a plan
- Physical Strain – Caring for someone else is hard work
- Social Isolation – For you or the person needing care
Being a caregiver changes the relationship you have with the person you are caring for. You step into a roll of caregiver and can’t always separate that from your personal connection. It can also cause stress or strain on your family, your resources, or your health.
Caregiving solutions tend to focus on funding but support for the caregiver shouldn’t be overlooked. If you are in a caregiving role now or may ﬁnd yourself there someday, remember help is out there. Whatever your plan, be sure it includes self-care.
Have questions about what options may help you or how Long Term Care insurance can help?
Long Term Care Resources