Palliative care is an to relieve symptoms and stress for people with serious illnesses. In a larger sense, this caregiving philosophy helps ensure that a dementia patient’s life retains a sense of meaning, despite the devastating effects of the disease. With so many people aging and, as a result of illness, accident or the impact of aging (including cognitive issues) needing long-term care managing their care needs becomes more difficult especially with a person who suffers from memory issues.
As symptoms worsen, people with dementia may struggle to express themselves. While pain is not a symptom of dementia, patients may have other medical conditions that cause discomfort (such as arthritis or neuropathy), which they may not be able to describe.
While it is hard on the person receiving care, the emotional impact on the person’s family is tremendous. The financial costs and burdens also place a burden on families. This is why an advance plan for the financial costs and burdens of aging will ease the burden on loved ones and protect assets as well. Without any advance plan, as your progression of care expands the burden becomes larger. It might start with you needing help with bill paying. Then it progresses with shopping. It then expands with help with activities of daily living and supervision for those who suffer from dementia, Alzheimer’s and other cognitive issues.
Health insurance, Medicare and Medicare Supplements will not pay for long-term care beyond a limited amount of skilled services and only if you are improving. Medicaid will only pay for care if you are poor or you exhaust your assets to the level of poverty. This is why advance planning is key to safeguard your savings (401(k), IRA, 403(b) and other assets.
Affordable Long-Term Care Insurance will provide the resources for quality care and help with a plan of care which eases the burden on loved ones. The time to plan is before you retire and before you have health issues which could make you harder to insure or perhaps impossible to insure. LTC policies are medically underwritten so you can’t obtain coverage when you need care. Premiums are based on the amount of benefit you choose and your AGE and HEALTH at the time of application. Premiums are intended to remain level based on that criteria. Act before you retire and add peace-of-mind to your retirement plan.
About the Author
An LTC News author focusing on long-term care and aging.
Contributor since August 21st, 2017