Every day an American family goes into crisis. Mom or Dad needs long-term care due to an ongoing illness, accident, or just because of aging. There is a crisis because Mom or Dad didn't have a plan in place for long-term health care. The fallout of that decision falls on their adult children. Often, there are disagreements between the siblings as to what to do next.
The family quickly finds out they are on their own. Health insurance, including Medicareand Medicaresupplements, will not pay for any long-term custodial care - the type of care most of us will need at some point. Their parent's health insurance or Medicareplan will only pay for a limited amount of skilled care. Unless they happen to have Long-Term Care Insurance, the responsibility falls on the family or finances, or both.
Important Papers Often Unavailable
The family will hopefully have the proper powers of attorney and access to all documents and financial information. Sometimes the parents fail to have this discussion with their children. In some cases, the parents failed to plan anything.
Generally, the sibling that lives the closest will be in charge. This person may not, however, be in a position to provide care. It is not uncommon that the family will disagree on how to provide the care. There will be questions on how to best use - or not use - their parent's assets. The quality of care will come into question. Will paid care services be sought, or will one sibling take responsibility to provide the care?
Carol Bradley Bursack, a well-known author, speaker, columnist, and eldercare consultant, says a family meeting should be one of the first things to happen. She says it will give the entire family the ability to have input on the decision making.
Case Managers Helpful
Since few people have a good understanding of long-term care and caregiving, Bursack recommends hiring a geriatric care manager (GCM). GCMs will not provide care, but they develop an appropriate plan-of-care and coordinate all aspects of it.
She has other recommendations, which you can find by clicking here.
You can avoid this type of crisis when you get older and require extended care by planning and communicating. Many American families have found affordable Long-Term Care Insurance to be an outstanding solution.
LTC Insurance Can Make Your Aging Easier
Don't place your family in a crisis without direction or resources. Long-Term Care Insurance is not only easy and affordable to put in place; it will provide a clear plan for resources to pay for the type of quality care you want or need. You will have guaranteed tax-free benefits. You and your family will have a choice of quality care, either in-home care or a variety of facilities, depending on your needs. An LTC policy eliminates much of the crisis since the only consideration will be your needs and preferences, not which family member will provide care or which account they will have to drain to pay for care.
Long-term care costs are increasing every year, and LTC Insurance will safeguard your income and assets so you can maintain your lifestyle and legacy. However, LTC Insurance is medically underwritten and priced, in part, on your age when you obtain coverage. The best age to purchase Long-Term Care Insurance, according to many experts, is in your 40s or 50s when you still enjoy good health.
LTC NEWS offers multiple tools and resources to help you research the financial costs and burdens of aging so you can find an affordable solution.
Find all the resources on LTC NEWS by clicking here.
LTC NEWS Cost of Care Calculator
One of the best tools is the LTC NEWS Cost of Care Calculator. You can find the current and future cost of long-term health care where you live. This information will help you design an appropriate LTC Insurance policy.
Get Published on LTC NEWS
LTC NEWS offers many resources to help families address the consequences of long-term care, aging, health, caregiving, and other retirement issues. You can be part of the effort to help educate consumers throughout the U.S. and around the world.
Write a story for publication on LTC NEWS and let America hear what you have to say. Be sure your article fits the LTC NEWS target audience of adults 40-70.
Topics can include stories on:
- Long-Term Care
- Retirement Planning
There are numerous other related topics, as well. You can even promote yourself, your business, and your website or blog. It must have editorial content exclusive for LTC NEWS and cannot be just an advertisement. It can include links to other sites, and you can share the article link once published on your website or social media.
Advertising and Marketing Opportunities on LTC NEWS
Reach an educated audience. Readers of LTC NEWS are researching retirement issues, including aging, health, caregiving, and long-term care. Other readers seek information for a parent or other loved one who is experiencing declining health or aging issues and require extended care.
Many marketing opportunities are available, including sponsored content articles. Sponsored content offers you a long-form way to sell yourself, your company, and your ideas.
Learn more about how LTC NEWS can help you market your business - click here.