How to talk to your parents about Assisted Living
As your parents grow older life continues to change and they continue to age. You probably have found yourself wondering about their future and what help they will need as they continue to age. Are you worried that your parents aren’t thinking about their future like you are? We’ve listed below some prompts or materials to help bring up the conversation or to just get the ball rolling for everyone involved.
The US Department of Health and Human Services (HHS) recently projected that by 2020 over 12 million elders will need Long Term Care. Not many people like to think about[…]
Common Chronic Illnesses We could face the older We get
According to the Centers for Disease Control and Prevention (CDC), if you live to be around 65 you could possibly live another 19 and a half years after. Taking care of sometimes multiple chronic illnesses is apart of daily routines for some seniors.
To maintain a healthy lifestyle it’s important to eat healthy, exercise daily, and to try and eliminate things such as smoking. 41% of Americans over the age of 65 who are choosing to life a healthy life will maintain healthy conditions.
There are a number of chronic illnesses such as Arthritis, Cardiac Disease, Alzheimers Disease, and Cancer.
Arthritis
According to[…]
Living options for Long Term Care
What type of living options are there? Which type of care will I need? With different types of living options available with Long Term Care insurance research the information below by Senior Living to find what type of care meets your criteria.
Five different types of living options for long term care insurance include In-Home care, Assisted living, Nursing care, Adult Day Health Care, and Memory Care.
- In-Home care: Health care services that are provided to help in home with an illness or injury.
- Assisted Living care: A housing facility for adults that are not able to live independently. Here[…]
Long Term Care for Seniors: What are the options?
Long term care provides a full range of services and medical support. Long term care is ideal for someone over the age of 65. When purchasing though you can start looking around 50s. Statistics have shown that around 50% of elders who are 75 or older will need some type of long term care.
Long term care can be permanent or temporary. It all comes down to the reason for needing the care. Below are the different examples from Senior Living of the options you have for both temporary and permanent care.
Temporary care:
This can include care or services for months[…]
Are you planning ahead for Long Term Care?
Many families are struggling financially while trying to pay for the right care for a loved one. They find it difficult to protect and preserve their large assets that are being wiped out paying for high cost on Long Term Care services. An estimated national average annually ranges from $74,000-$75,000 for private nursing home care.
Understanding all the resources and funding a loved one with some type of long term care is important. Care can be expensive and it’s important to plan ahead and avoid the financial risks and burdens of waiting until it’s too late. According to NCPC ,[…]
4 tips for buying LTC
Below are 4 tips from Kiplinger for buying long term care insurance. Hopefully this will help you during the process and help you get the best deal.
According to the latest overall cost of long term care insurance “a married couple both age 60 can expect to pay $2,170 per year for $328,000 worth of coverage, up from $1,980 last year.”
1.Assess your risk: Consider your health and allow that to determine what type of care you are wanting to cover you. Situations are all different so find out what kind of coverage you are wanting so you can find the[…]
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