News For This Month: Policies

Why Long-Term Care is Important We normally do not want to think about long-term care till we encounter it in our lives. Most times, it takes the form of a loved one especially a parent who becomes disabled suddenly and the family especially the children step in to help. That aid soon begins to take more and more of our time impacting our families, jobs and eventually our lives. When this happens, we all become fast studies in long-term treatment and sadly, if there is inadequate planning, it is too late. Our roles are reversed from family members to long-term caregivers. The stress that accompanies it as well as our relationship our loved one’s changes forever and it may result in the household reaching a breaking point. A common misconception is that long-term care is covered either by Medicare or by health insurance. Health insurance does not pay for this type of care and Medicare Part A only pays for the first twenty days of long-term care 100% under very restrictive conditions. Following the twenty days, Medicare requires that you just pay the $133 of expenses every day and this is only for eighty days. The unfortunate thing is that long term care, when properly planned for can be a manageable process that allows families to remain united and act as an oversight capacity instead of a hands-on custodial care capacity. You significantly lower stress, your job does not suffer, and your immediate family stays intact as well. Long term care is the help needed by anyone that has an illness that is chronic. Such chronic ailments include arthritis, diabetes or heart illness which impacts the activities that are physical permanently. Long-term care may need specialized medical skill or custodial medical care. Skilled medical care is often done by medical professionals that are licensed such as registered nurses, physicians, licensed practical nurses and occupation, physical and speech therapists at in a community, institutional or home setting. Skilled medical care is normally required when one has an acute condition that limits one’s ability to do some physical tasks. Custodial care is required where a physical condition restricts one from performing daily living activities. Such activities are bathing, dressing, eating, toileting, continence or getting off from chair or a bed. Most times, non-skilled care is informal meaning that it is done by family members. In fact, about 80% of all long-term care is of an informal nature while 20% is provided by trained professionals who are paid. The reason for this is that many families do not plan well for long-term care. This means that they do not have the money to pay somebody to help the family in offering long-term care. The key is to plan precisely for long-term care needs when in midlife by contacting a long-term-care insurance agent or a certified financial advisor treatment.Why People Think Insurance Are A Good Idea

Why People Think Insurance Are A Good Idea