Elder Planning Isn't Just For The Elderly

Do middle-aged adults need a long-term care plan?

As your parents’ age, you may grow accustomed to helping them with the tasks of daily life. However, there may come a time when you need the services you are currently setting up for your parents. This is why it’s important consider the elements of your own long-term care plan — before care is needed.

Many middle-aged adults might feel that they do not need to think about long-term care. According to the American Association of Retired Persons, you should create a long-term care plan before you need it. Unexpected events can leave you incapacitated, and you may require assistance earlier than you thought. Having a plan ensures that you can make your own decisions and complete the paperwork to make these legally binding. Additionally, early planning allows you to understand the kinds of resources available in your community.

What kind of services will you need?

The National Institute on Aging notes that your long-term care plan could consist of several different types of care. You could, for example, be unable to drive in the future. You might need a transportation service to help you run errands and attend doctor’s appointments. Additionally, some seniors need help with cooking and cleaning. You or your spouse could also require help bathing if you experience mobility problems.

Many seniors also need joint replacements as they age. Do you need someone who can come to your home to aid in the recovery process? Your long-term care plan should consider all of these elements.

How will you pay for your care?

You may utilize several different types of care as you age, and the costs can quickly add up. Creating your plan early allows you to understand your options for financing your care. If you or your spouse is a veteran, for example, you could be eligible for veterans’ benefits. Additionally, there are government health insurance programs that can help you pay for your care. Once you know the options available to you, you can select the one that you think is most appropriate.

Once you create your plan, be sure to share it with your family. This ensures that everyone is ready for the future.

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