Long-term care planning often involves a series of difficult decisions. Understanding the process helps individuals and family members navigate an important life decision that could last for months or several years.
An overview of the process often involves several distinct stages or primary considerations.
Understanding the different types of care
The Mayo Clinic states that knowing the different types of long-term care available helps with the decision-making process. Home care allows the person to remain at home while getting assistance with basic daily needs. This type of care has many components such as meal delivery, home health nurses and housekeeping services. Other options include senior housing, assisted living, and nursing homes.
Choosing the appropriate facility comes down to identifying the types of services a person needs, now and into the future. Personal preferences of where to live also play a role, as does affordability. Visiting a facility before enrolling can help in the selection process. Individuals should seek out advice from professional organizations, family members and residents of a long-term care facility.
Paying for care
The cost of long-term care runs high. Most families pay for care through a variety of means such as savings, pensions, government programs and private insurance. In some circumstances, Medicare and Medicaid can contribute to payments. A person’s home equity sometimes provides significant money toward long-term care and housing.
For many families, finding a solution to long-term care can seem overwhelming. The planning process works best when it begins years before moving into a facility becomes necessary. Professional assistance can help at any stage of long-term care planning.