Prepare for Long-Term Care
As the New Year rolls around, you, like many people, may take this new beginning as an opportunity to reflect on changes you want or need to make. Popular resolutions include making a commitment to lose weight, get fit, eat healthier, manage stress, save more money, and get more organized. Does any of this sound familiar?
It’s no surprise that many New Year’s resolutions focus on health and well-being. As you think about ways to improve your life over the coming year, your thoughts may naturally turn to the health and well-being of your family. Now is a good time to think about their future and your own. If you haven’t already done so, let this be the year that you put a plan in place about the future long-term care needs of you and your loved ones.
Although it’s not easy to think about the possibility of your own failing health or that of someone you love, avoiding the topic isn’t the answer. It’s important to have a long-term care plan in place before you need it.
Long-term care (LTC) refers to the range of medical, non-medical, social, and personal care services that can help someone cope with a reduced level of functioning due to injury, aging, or illness. LTC insurance (LTCI) can help cover expenses for the services provided by nurses, home health aides, occupational and physical therapists, and social workers, among others. Although policies vary, they provide a set amount of coverage that can be used to help pay the costs of nursing homes, assisted living facilities, or home health care.
No one knows what the New Year may bring. But, by planning for the future, you can help to preserve your family’s assets, have more long-term care options, and enjoy a happier New Year, knowing that you have a plan in place. And that’s something to be excited about.
We understand that talking about long-term care can be difficult, but it’s important to have these conversations sooner rather than later. By putting a plan in place, you are serving your family tremendously—now and in the future. Our HFP S.T.A.R Strategy is designed specifically to help families plan for long-term care needs, and we would be more than happy to walk you through the process step-by-step.
Give us a call today to schedule an appointment, and let us help you give your loved ones the peace of mind they deserve.
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