Knowledge and Money Provide Freedom of Choice with Long Term Care

Understanding in advance, care settings and when and why they are appropriate will result in the most satisfactory experience for the caregiver, the care recipient and the family.  Also, understanding how government programs work helps with the final decision-making process as well.

·       Prior knowledge prevents crisis planning.

·       Prior knowledge will save money.

·       Prior knowledge will save precious time.

·       Prior knowledge will rescue the caregiver.

·       Prior knowledge opens the door to other options

Without money to hire professional advice or to provide the most desired care setting, the only option is to rely on Medicaid. Medicaid typically means the remaining years of life will be spent in a nursing home. Other limited options are available from Medicaid or from community aging services but there are usually waiting lists.

Here are some common funding options that can be used to provide money for care services:

·       Long-Term Care Insurance

·       Life Settlement

·       Reverse Mortgage

·       Cashing Out Of a Principal Residence through Sale or Buyback Arrangement

·       Retirement Savings Accounts

·       Life Insurance Arrangements

Here are some common asset-saving strategies:

·       Medicaid Planning

·       Rearranging Insurance Plans

·       Private Home Care Arrangements

·       Work Closely with Your Doctor

·       Understand the Pricing of Community with Care Arrangements

·       Purchase the Right Long-Term Care Insurance

·       Family Shared Care Commitments

·       Tax Advantage Strategies

To learn more about these options and strategies and to gain more knowledge about long term care contact (your name) at (contact information).

The Sooner You Start The Better Your Future