A strong long-term care plan spells out where you would like to live, how you plan to get around, and who will oversee your financial and health decisions when you’re incapacitated.
The marketing brochure, website, and lobby might be lovely, but you should base your decision about a long-term care facility on much more data than those things.
With Medicare covering about 1/5th of nursing home care in the U.S., elderly individuals are forced to look at alternative means to cover skilled nursing and other long-term care needs.
While in-home care can be less expensive than a semi-or private-unit in a nursing home, it does have its downsides. This is particularly true, when it is a family member that is providing care.
During retirement or before, you probably did all the financial planning along with the legal paperwork. Have you also thought about personal choices as you age and the options ahead?
A continuing care retirement community offers a continuum of care from independent living for people who need no assistance, to assisted living that offers some services, to nursing home care that provides skilled nursing care.
