Longevity has caused health challenges as a result of aging. America’s aging issue has increased the number of people who suffer from Alzheimer’s or Dementia. Without advance planning, the burden of caregiving is placed on family members or paid caregivers. One of the major issues with caring for a person who is suffering from memory problems is communication. Without the right techniques, this can be a significant struggle.
As the disease progresses, the communication skills of a person with Alzheimer's or dementia declines. They have more difficulty expressing thoughts and emotions. This leads to frustration for both the person who suffers from cognitive impairment and the caregiver. Communication with a person with Alzheimer's or dementia requires patience, understanding, and good listening skills.
If English was a second language for the person with memory loss other challenges will occur. As their ability to communicate decreases, people with dementia may begin using the language that they first learned when they were children. Caregivers should discover what their loved ones' first language was and if possible prepare themselves to speak it with them if possible.
If you are caring for a person with memory loss read these six tips which can help:
When you are thinking about your own aging and the impact Long-Term Care will place on your family and assets having an advance plan will make it easier for everyone involved. Without an advance plan your family will be responsible for being either full or part-time caregivers or managers of arranging and supervising paid caregivers. Not only does this place pressure and burden on your adult children and their families it will drain your savings and lifestyle.
Affordable Long-Term Care Insurance should be considered as part of your pre-retirement checklist of things to put into place. The chance of you needing some type of Long-Term Care is significant. Cost of care will impact your 401(k) IRA 403(b) SEP and other savings. This will impact the lifestyle of you and your spouse if they are living when you require care. Long-Term Care Insurance will provide quality care either in your home or in a facility, including assisted living, memory care, and adult daycare. This will allow family to be family. For many people, this is peace-of-mind knowing this pressure will not be placed on your loved ones.
When you plan in your 40’s or 50’s, when your health is much better, premiums are very affordable. While you can still find good value if you are older it becomes more difficult because your health may prevent you from getting preferred health rates or even prevent you from obtaining coverage to start with.
Find a specialist who represents all the major companies. Learn about Partnership Plans which provide additional asset protection. Learn about so-called hybrid plans. While these plans are very expensive, they do offer death benefits which might be attractive to some people. Learn about the costs of care in your area or an area where you might move once you retire. You can start here and find your state or the state you’re interested in: https://www.ltcnews.com/resources/state-information
It is best to start this process before you retire. Peace-of-mind for you and your family can easily be achieved with some simple and affordable advance planning.