Working Daughters Make Sacrifices When Forced into Caregiver Role
COVID-19 saw parents make enormous sacrifices with their children with in-home schooling. Getting more attention today are the sacrifices made by caregivers for older parents.
It happens every day. A daughter, or daughter-in-law, finds themselves thrust into the role of being a caregiver. Most likely, they will have a career, spouse, children, and other life responsibilities to be concerned about; however, a crisis event happens. Often, there is little heads-up.
Sometimes the family sees their loved one's health decline. However, the realization that this health decline means Mom or Dad needs care is something they are in denial of.
Now the family is in crisis. They see their loved ones struggling with normal living activities. Maybe they have declining memory. If there is no plan for long-term health care, the family is the first option.
Being a Caregiver is Challenging
The role of being a caregiver is challenging at best. The job is pressure-filled. There is anxiety. Caregiving is physically demanding. Someone in the family, often a daughter, must juggle their other responsibilities.
The number of Americans providing unpaid care has increased over the last five years. Sixty-one percent of family caregivers are women.
Your older parents may have few choices, depending on their age and health, to plan for the consequences that long-term health care places on income, assets, lifestyle, and legacy. But long-term care is more than just about money. It is about family.
Long-Term Care is Expensive. Health Insurance and Medicare Don’t Pay
Yes, long-term care costs are expensive and get more costly over time. The LTC NEWS Cost of Care Calculator shows you the current and future cost of extended care where you live. But the consequences on your family are also considerable.
Affordable Long-Term Care Insurance gives you access to your choice of care, including in-home care. You can protect your savings and give your family the time to be family. The problem is you can't wait to obtain coverage. You must have reasonably good health to get a policy to start with. Once you get too old, or your health gets too poor, it is too late.
Find a Solution Before Retirement
Experts say the best time to get coverage is when you are in your 40s or 50s. Find a qualified and experienced Long-Term Care Insurance specialist to help you find the best coverage at the lowest cost.
For older couples that are in crisis now, a reverse mortgage could be a solution. For some people, a reverse mortgage could fund a Long-Term Care Insurance policy. You can learn more by visiting the reverse mortgage page on LTC NEWS.
Do not allow a crisis to become a crisis to start with. Planning makes it easier for the whole family.
About the Author
An LTC News author focusing on long-term care and aging.
James Kelly
Contributor since August 21st, 2017
Editor's Note
The landscape of care has evolved significantly over the past few decades, reflecting the changing demographics and values of our society. As people live longer, there's an increasing emphasis on ensuring that the golden years are spent with dignity, comfort, and a sense of belonging. A crucial element that facilitates this ideal scenario is the choice. Long-Term Care Insurance (LTCI) stands out as a beacon in this context, providing policyholders with unparalleled autonomy and control over their care journey.
One of the many advantages of LTCI is the flexibility it offers in selecting care providers. For many, this isn't merely a logistical decision; it's an opportunity to find providers who understand and respect their cultural, linguistic, and religious backgrounds. In a world where personalized care is becoming the gold standard, LTCI acts as an enabler, allowing you to tailor your care experiences to reflect who you are at your core.
For instance, an individual from a specific cultural background might prioritize a facility or caregiver familiar with their traditions, dietary preferences, and even festivals. Being in an environment that mirrors the comforts and rituals of home can be profoundly comforting, especially when dealing with health challenges. LTCI provides the financial flexibility to seek out such niche providers, ensuring that the cultural dimension of care isn't sidelined due to budget constraints.
Moreover, the choice goes beyond just the cultural fit. Long-Term Care Insurance policies often cover a range of services from in-home care, assisted living facilities, to specialized nursing homes. This means that policyholders like you can choose settings and care levels that align not just with your health needs but also your personal and cultural preferences.
In essence, LTCI is more than just a financial safety net; it's a tool for self-determination. As the adage goes, "Health is personal," and with LTCI, care becomes deeply personal, too. By facilitating choices that honor one's cultural identity and values, Long-Term Care Insurance reaffirms the principle that every individual deserves care that resonates with their unique life story and journey.
Seek a Professional for Long-Term Care Insurance Shopping
Premiums vary dramatically between insurance companies that offer Long-Term Care Insurance policies. Each company has unique underwriting criteria. Partnering with an LTC Insurance expert ensures you will find the best coverage at the lowest cost possible.
Be sure to seek advice from an independent Long-Term Care Insurance expert representing the top insurance companies that offer these products. They will design your coverage based on factors like age, health, and family history, ensuring affordability.
LTC NEWS can help you find an experienced independent Long-Term Care Insurance specialist to help you shop - Find a Qualified, Independent LTC Insurance Specialist.
Resources and Tools Available on LTC NEWS
Let LTC NEWS help you in your research. There are several tools and resources that are available -
- Resources for Long-Term Care Planning
- Top Insurers for Long-Term Care Insurance
- The Ultimate Long-Term Care Insurance Guide
- LTC NEWS Cost of Care Calculator - Find Your Location
Find Quality Care for Mom and Dad
LTC NEWS has combined efforts with Amada Senior Care, a leading in-home health care agency with locations throughout the country, to help you process a claim from any LTC Insurance policy.
There is no cost or obligation for this service - Filing a Long-Term Care Insurance Claim. If they don't have an LTC policy, Amada can still help develop a plan of care and provide you with many affordable in-home care options. Learn more now - Find Quality In-Home Care.
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