When you’re looking into long-term care planning, something you want to know is the kinds of options that are open for you. There are multiple kinds of long-term care. Some of the most common include:
- Comprehensive at-home care programs
- Day programs
- Home care
- Senior housing
- Nursing home care
- Assisted living
- Continuing-care in a retirement community
Each of these has different benefits. To choose the amount of care you need, you should consider a few questions, such as:
- What are your preferences? Would you like to stay at home or go to a new facility? Would you like to eat in a community area or on your own?
- What kinds of amenities would you like?
- What is nearby or close to your current home?
- What level of service will you need? Will you need assistance with medications or only with chores or daily activities?
By asking yourself these questions, you can get a better idea of what you’re looking for. You can then start looking into how you’re going to pay for those services. Some options might include using Medicaid, Medicare or long-term care insurance. Planning early now will allow you the opportunity to consider payments that you might not have thought of or to be able to minimize the risk to the assets that you’d like to save for your loved ones and beneficiaries.
Our website has more information on long-term care planning. It can be complex, but if you are interested in getting started, then there are steps you can take to put a good plan in place that will protect you and give you the support you need as you age.