Long-term care planning isn’t something you look forward to. In fact, it may be something you have continually put off. It’s hard to think about a future in which you may require assistance with daily activities. But if you don’t do this now, it could cause you more stress down the road.
Here are three of the most important long-term care planning questions you can answer:
1. How will you pay for long-term care?
This is the first question to answer, as it’ll dictate many decisions regarding long-term care.
There are many ways to pay for care, ranging from long-term care insurance to Medicaid to personal resources. Your goal is to create a plan that gives you financial peace of mind.
2. Where will you receive long-term care?
You may not be able to definitively answer this question right now, but you should at least have an idea.
Will you prepare to receive at-home care, if possible? Would you rather move to a nursing facility where you’ll be around other people your age? Do you have a facility in mind?
You never know what type of care you may need, so it’s difficult to pin down exact details. However, you should at least think about it and make as many decisions as possible.
3. Do you have family who may be able to assist you?
Things can and will change as you age, but think long and hard about any family members who may be able to care for you should it be necessary. This can include but is not limited to a spouse, adult children, and siblings.
As you begin to answer these types of questions, you’ll come to feel better about your long-term care plan. Contact us if you need help moving through the process. We can provide you with professional guidance while addressing all your concerns.