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7 Tips to Plan for Long-Term Elder Care

February 12, 2021

Planning for the unknown is a crucial component of any elder plan, and unfortunately, the need for long-term care can be a costly yet necessary expenditure for many aging Americans. Working with a Springfield long-term care attorney can help you get a sense of what you will need to plan for in the event that you need long-term care as you age.

Asking yourself the right questions when determining what kind of long-term care plan you might need is key. Below, we review 7 tips to consider before creating a long-term elder care plan. 

Consider Your Future Needs recently published a study demonstrating that most Americans will need long-term care at some point in their lives, and oftentimes one can estimate what those needs might be depending on whether they have any health conditions. Consider your medical record and your family history when getting started with a plan. Even if you don’t have any medical issues, however, you should never underestimate the importance of preparing for a crisis. Make sure your elder plan includes such a contingency.

Analyze Your Options

Some seniors have family that has promised to take care of them. Others would prefer to live in a 55+ community, have at-home care, or in an assisted living facility. Whatever you prefer, make sure you weigh your options carefully and consider the costs involved, as failure to do so can later represent a significant cost burden for your loved ones.

Figure Out Where You Want to Be

Whatever you decide to do for your long-term care, you’ll want to be sure you’re close to your family, friends, and places you like to go. Remaining connected to the things that make you happy will be critical for your sustained health and wellbeing. While you’re outlining your long-term care plan, be sure to visit the area you think you may settle in and ensure you feel comfortable being there over the long term.

Know What You’re Looking for in a Provider

Long-term care providers tend to focus on different aspects of elderly care and excel in some areas over others. Identifying what you’re looking for in a long-term care provider is important for your comfort and peace of mind when outlining your long-term care plan.

Determine How You Will Afford It

Understanding and planning for the costs of long-term care with your Springfield long-term care attorney is very important when planning for your future. Identifying what will and won’t be covered by Medicaid and then addressing how much you will need to set aside from your personal income or savings to cover the shortfall is essential. When working on your elder care plan, make a budget that includes the amount of money you will need to cover the expenses of your preferred type of care, along with your cost of living. Being precise will ensure you adequately plan financially.

Make Legal Decisions with the Guidance of a Long-Term Care Attorney

Your long-term elder care plan should be a series of legal documents designed to guide your loved ones through understanding your wishes for your golden years. Working with a knowledgeable Springfield long-term care attorney will ensure your documents are legally binding. Contact our offices today.