It is sad what is happening to American families. So many people, especially those over 60, are requiring help with activities-of-daily living. They are receiving long-term care services and supports either from family members or from paid caregivers. Sometimes both. Since so many family members are spread out around the country the challenges and burdens placed on these adult children, and their spouses, create stress, burden, and even financial hardship.
The Candid Caregiver says, “Burnout is a pervasive problem for family caregivers, especially those who have no time to get away from the ongoing emotional and physical demands of caring for an ailing family member.”
If you are a family caregiver read the Candid Caregiver’s suggestions here: www.healthcentral.com/dealing-with-caregiver-burnout
How will your family deal with your future need for long-term care when you become older? The fact is you will, at some point, require long-term care either at home or in a facility due to illness, accidents of the impact of aging. Plus, if you reach certain age milestones (75, 80, etc.) you chance of cognitive decline increases as well. So much for longevity. Are you prepared for these challenges on your savings and your family?
Affordable Long-Term Care Insurance is about family. These policies will pay for your choice of caregivers in your home own. If you require a facility, the policies will pay for adult day care centers, assisted living, memory care, and the traditional nursing home. This care is very expensive and can drain even the biggest retirement accounts.
A variety of policy options exist. Professional case management, shared spousal benefits, unlimited total asset protection plans with death benefits and so much more. Today’s Long-Term Care Insurance is also both affordable and rate stable. Knowing this why would you not want to investigate your options?
Experts suggest planning in your 40s and 50s when you can enjoy low premiums and even preferred health discounts. Start your online research by researching the cost of care services in your state. You will also discover tax incentives and the availability of special Long-Term Care Partnership plans which provide additional dollar-for-dollar asset protection.
Find your state on the LTC NEWS MAP by clicking here. LTC NEWS can also help you find a qualified LTC specialist – just click here. A specialist can help you design the best plan and the best value. They might even find tax incentives that you qualify for. Most financial advisors and general insurance agents have little experience in this area so be sure to seek help from a qualified specialist.
You can make aging easier on your family. Long-Term Care Insurance is easy, affordable and rate stable income and asset protection. Enjoy the peace-of-mind knowing your family will have the time to be family and not pressured into being a caregiver.