The IDEA Publishing
  • HOME
  • Popular IDEAS
    • IDEAS for Your Better Business Life >
      • The Business Idea
      • The Career IDEA
      • The Money Idea
    • IDEAS for Your Better Diversions >
      • The Tech IDEA
      • The Travel IDEA
      • The Auto IDEA
      • The Outdoors IDEA
    • IDEAS for a Better Table >
      • The Food IDEA
      • IDEAS de Cocina Espanola
    • IDEAS for a Better You >
      • The Health IDEA
      • Living Well IDEAS
      • The Fitness IDEA
      • The Beauty IDEA
    • IDEAS for a Happier Home >
      • The Home Idea
      • The Entertaining Idea
      • The Parenting Idea
      • The Senior Living IDEA
      • The Pet IDEA
  • The Video Domain
    • Video IDEAS for Your Better Business Life
  • About
  • Contact
  • ads.txt
The_Senior_Living_IDEA
The Senior Living IDEA

The Senior Living IDEA

New Ideas and Good Advice to Make Your Golden Years Your Best Years!

5 Questions to Ask When Planning for Long-Term Care

10/17/2019

Comments

 

Even if you’ve worked hard to save for retirement and create the financial security you want in the future, the need for long-term care could throw a wrench into even the most well-thought-out plans and impact you and your loved ones’ finances. Consider these questions as you begin the long-term care planning process.


5 Questions to Ask When Planning for Long-Term Care

(Family Features) You may not want to consider a time when you might not be able to fully take care of yourself, but the reality is there is almost a 70% chance someone turning 65 today will need some type of long-term care service and support in his or her lifetime, according to the U.S. Department of Health and Human Services.

Even if you’ve worked hard to save for retirement and create the financial security you want in the future, the need for long-term care could throw a wrench into even the most well-thought-out plans and impact you and your loved ones’ finances.

Consider these questions as you begin the long-term care planning process.

What is long-term care?
Different from traditional medical care that treats illnesses and injuries, long-term care includes services designed to help you maintain your quality of life and perform everyday activities even if age, illness, injury or a severe cognitive impairment make it a challenge to take care of yourself for an extended period of time. Long-term care services help with common daily functions including dressing, bathing and eating, and even skilled nursing services such as giving medication.

When should you start thinking about long-term care planning?
Because you never know when a need for care may arise, planning for care when you are younger and healthier can provide additional options as you’re more likely to qualify for coverage. Plus, cost is based on your age when you apply, so waiting can end up costing you more. Some people are beginning to plan as early as in their 40s.

How much does long-term care cost?
Long-term care costs vary depending on where you live, the type of care provided and the setting. Home-care services average $24-$135 per hour, according to the New York Life Cost of Care Survey, while private rooms in nursing homes can cost more than $100,000 a year.

Long-term care is generally not covered by health insurance, and government programs like Medicare or Medicaid have limitations, which often isn’t discovered until care is needed. However, New York Life offers long-term care options to AARP members and provides specially trained agents who can provide guidance. The agents can work with you and your family to create a customized plan based on your financial goals, helping protect your assets should you ever require long-term care.

Where is care provided?
Long-term care can be provided in a variety of settings, including at home, in an assisted-living facility or in a nursing home depending on the amount and type of care needed. In fact, some insurance plans cover care on a part-time basis by a family member or home health worker. Planning ahead can allow for more control over how and where you receive care.

How much coverage do you need?
The amount of coverage you need typically varies based on several considerations including budget, age, the type of care expected and how much of your assets and income you may be willing to use to offset the care costs. You don’t have to cover your entire risk – choosing a modest amount of coverage can still provide benefits and help protect other assets.

While planning for long-term care can seem daunting, you can find more benefits and information to make the process easier at aarp.org/benefits.

 

Photo courtesy of Getty Images

SOURCE:
AARP Services, Inc.

KEYWORDS

  • AARP ×
  • adult children ×
  • advice ×
  • age in place ×
  • aging ×
  • aging in place ×
  • aging parents ×
  • assisted living ×
  • caregivers ×
  • caregiving ×
  • estate planning ×
  • family ×
  • Family Features ×
  • family finances ×
  • finances ×
  • financial planning ×
  • hacks ×
  • health insurance ×
  • home care ×
  • insurance ×
  • lifehacks ×
  • long-term care ×
  • Medicaid ×
  • Medicare ×
  • money ×
  • nursing home ×
  • personal finances ×
  • plans ×
  • quality ×
  • quality of life ×
  • retirement planning ×
  • sandwich generation ×
  • savings ×
  • tips

RSS Feed

Comments

5 ways to keep in touch with grandparents near and far

9/6/2017

Comments

 
grandparents_visiting_grandchild

(BPT) - There are laundry lists of reasons why grandparents are the best. They say yes when parents say no, they tell the best stories but make even better listeners, and often they’re the first people we call with news, both good and bad.

That’s why each September, we celebrate National Grandparents Day — a day of recognition for all the amazing “nanas” and “pop-pops” out there. But connecting with Grandma and Grandpa shouldn’t be just one day a year. Whether near or far, grandparents can keep connected to their family’s lives any day of the year with the following tips.

Make a daily photo album

When family members live far away it can be difficult to stay up-to-date on what’s new in their lives. It’s easy to forget to call one another and share life’s ups and downs. To help bridge this gap, make digital scrapbooks and schedule a call once a month to exchange your albums with each other. Voila — an entire month’s worth of memories to catch up on in one place!

Schedule a weekly dinner

Sure, it’s easy to sit down to enjoy a meal together as a family if you all live nearby, but for some families, that’s not possible. Luckily, technology makes it easy to share life’s experiences without being in the same place. Take turns choosing a recipe and pick a date for everyone to make it (Mom and Dad can assist the little helpers). At the end of the meal write a review of the food — what steps were easy or hard, which part was your favorite — and send to one another to see if your experiences were similar. If Grandma and Grandpa are tech savvy, try video chatting while you create and enjoy your recipes to make it feel like you’re dining together!

Play games together online

Don’t let distance put a damper on game night — grandkids and grandparents can play virtually! Downloading and playing is simple with today’s smartphones and affordable phone plans. Try TracFone — they offer a 30-day smartphone-only plan with talk, text and data for just $15 a month — all on the largest 4G LTE networks. Grandparents will have plenty of money left over to spoil the grandkids, and with no activation or cancellation fees, they can change their no-contract plan as often as needed, without penalties. Learn more at https://get.tracfone.com.

Call at bedtime

Bedtime can be hectic for moms and dads with little ones. Grandparents to the rescue! Make a call part of bedtime’s nightly ritual. Telling stories with Grandma will keep one kid busy, allowing Mom and Dad to tend to the others. It’s a sweet ending to the day for all!

Send postcards as you travel

There’s still something uniquely special about receiving a handwritten note from someone you love. Grandparents and grandchildren can share that experience by making a “pinky promise” to send one another postcards from their travels. Grandparents and grandchildren will look forward to checking the mailbox daily for it to arrive, and a phone call to discuss all of the trip’s adventures will soon follow.


KEYWORDS

  • BPT ×
  • Brandpoint Content ×
  • active seniors ×
  • senior citizens ×
  • seniors ×
  • grandparent ×
  • grandparents ×
  • grandparenting ×
  • grandchild ×
  • grandchildren ×
  • travel ×
  • expectations ×
  • quality ×
  • time ×
  • visit ×
  • visits ×
  • visiting
  • adult children

Comments



    Archives

    March 2020
    February 2020
    November 2019
    October 2019
    August 2019
    January 2019
    September 2018
    July 2018
    June 2018
    March 2018
    November 2017
    September 2017
    August 2017
    July 2017
    June 2017
    April 2017
    March 2017
    February 2017
    December 2016
    November 2016
    October 2016
    August 2016
    June 2016
    April 2016


    Interested in Publishing on The Senior Living Idea?
    Send your query to the Publisher today!

    Categories

    All
    65
    AARP
    Abuse
    Access
    Accessibility
    Accidents
    Accomodations
    Active Lifestyle
    Active Seniors
    Activities
    Activity
    Activity Level
    Adult Children
    Adult Diapers
    Advice
    Age
    Age In Place
    Aging
    Aging In Place
    Aging Parents
    Alzheimers
    Alzheimer's Association
    Alzheimer's Disease
    American Geriatrics Society
    Ancestor
    Ancestory
    Ankle
    Anxiety
    Appetite
    Appetites
    Art
    Arthritis
    Assets
    Assisted Living
    Attitude
    Balance
    Bath
    Bathing
    Bathroom
    Bills
    Bladder
    Bladder Control
    Blood Pressure
    Book
    Bowel
    Bowels
    BPT
    Brain
    Brain Games
    Brain Health
    Brandpoint Content
    Budget
    Calories
    Cancer
    Cane
    Cardio
    Care
    Caregiver
    Caregivers
    Caregiving
    Cat
    Cats
    Centers For Disease Control And Prevention
    Chemotherapy
    Chewing
    Cholesterol
    Christmas
    Chronic
    Chronic Illness
    Clutter
    Cognition
    Cognitive
    Cognitive Functioning
    Companionship
    Compansionship
    Computer
    Consumer Product Safety Commission
    Continence
    Conversation
    Cooking
    Copay
    Copays
    Coping
    Costs
    Crafts
    Creativity
    Crime
    Criminal
    Cybercrime
    Deaths
    Dementia
    Depression
    Diabetes
    Diagnosis
    Diet
    Digestive Issues
    Disability
    Disease
    DNA
    DNA Testing
    Doctor
    Doctors
    Dog
    Dogs
    Doors
    Dopamine
    Dress
    Drivers
    Driving
    Drugs
    Eating
    Economic Impact
    Economics
    ED
    Education
    Eldercare
    Elderly
    Elimination
    Emergency Room
    Emotional
    Emotions
    Energy
    Enrollment
    Entertainment
    Erectile Dysfunction
    Estate
    Estate Planning
    Exercise
    Exercising
    Expectations
    Expenses
    Experts
    Eye Health
    Eyes
    Eyesight
    Fall
    Fall Prevention
    Fall Risk
    Falls
    Family
    Family Features
    Family Finances
    Family History
    Family Tree
    Fashion
    Federal
    Federal Government
    Finances
    Financial Planning
    Fitness
    Foot
    Formulary
    Fraud
    Friends
    Friendships
    Furniture
    Generations
    Genetic
    Genetic Testing
    Geriatricians
    Geriatrics
    Government
    Grandchild
    Grandchildren
    Grandparent
    Grandparenting
    Grandparents
    Guests
    Guide
    Hacks
    Handrails
    Happiness
    Head
    Head Trauma
    Health
    Healthcare
    Health Care
    Health Insurance
    Healthy Living
    Hearing
    Hearing Loss
    Heart Health
    Helping
    High Blood Pressure
    Hip
    History
    Holidays
    Home
    Home Care
    Home Improvement
    Hormones
    Hospice
    Hospital
    House
    Hypertension
    Identity Theft
    Idependence
    Illness
    Income
    Incontienence
    Incontinence
    Independence
    Infographic
    Injury
    Insurance
    Interval Training
    Intestinal
    Investing
    Investments
    Kidney
    Kitchen
    Law
    Learning
    Leg
    Legal
    Life
    Lifehacks
    Life Insurance
    Lifestyle
    Light
    Lighting
    Lights
    Lineage
    Listening
    Living Well
    Loneliness
    Longevity
    Long-term Care
    Macular Degeneration
    Mayo Clinic
    Meals
    Medicaid
    Medical
    Medical Research
    Medicare
    Medication
    Medications
    Medicine
    Medium
    Memories
    Memory
    Mental
    Mental Health
    Mentality
    Mentoring
    Mobility
    Money
    Morbidity
    Multigenerational
    Music
    National Council On Aging
    Nausea
    Neurology
    Nursing Home
    Nutrition
    Obesity
    Open Enrollment
    Oral Health
    Osteoarthritis
    Outdoors
    Outlook
    Pain
    Pain Management
    Parents
    Parking
    Parkinson's
    Parkinson's Disease
    Part D
    Patient
    Patients
    Personal
    Personal Finances
    Personal Sceurity
    Pet
    Pets
    Pharmaceuticals
    Pharmacies
    Pharmacy
    Physical Activity
    Physician
    Physicians
    Plans
    Portfolio
    Premiums
    Prescription Drugs
    Prescriptions
    Prevention
    Primary Care
    Promotions
    Protein
    Psychiatry
    Psychology
    Quality
    Quality Of Life
    Questions
    Radiation
    Ramps
    Read
    Reading
    Recovery
    Relatives
    Remodel
    Remodeling
    Renovation
    Research
    Resources
    Responsibility
    Rest
    Retirement
    Retirement Income
    Retirement Planning
    Risk
    Risk Factors
    Routine
    Running
    Safety
    Salt
    Sandwich Generation
    Savings
    Scam
    Scammers
    Schedule
    Security
    Senior Centers
    Senior Citizen
    Senior Citizens
    Seniors
    Serotonin
    Service
    Sex
    Sexual Health
    Shoes
    Sibling
    Siblings
    Side Effects
    Sight
    Single-story Living
    Sleep
    Sleeping
    Social
    Social Security
    Songs
    Specialist
    Specialists
    Specialty Care
    Speech
    Stairs
    Steps
    Strength
    Strength Training
    Stress
    Style
    Supplements
    Support
    Survey
    Swallowing
    Symtoms
    Testing
    Testosterone
    Theft
    Thinking
    Time
    Tip
    Tips
    Toilet
    Traditions
    Transportation
    Travel
    Treatment Options
    Tumor
    Urinary Tract
    Urination
    Urine
    Vehicles
    Victim
    Victims
    Vision
    Visirors
    Visit
    Visits
    Visting
    Vitamins
    Volunteer
    Volunteering
    Volunteer Work
    Vomiting
    Walk
    Walker
    Walking
    Wandering
    Washington
    Washington DC
    Weight Training
    Well-being
    Wellness
    Wheelchairs
    Widow
    Widower
    Women
    Workout
    Writing






    RSS Feed

Proudly powered by Weebly
  • HOME
  • Popular IDEAS
    • IDEAS for Your Better Business Life >
      • The Business Idea
      • The Career IDEA
      • The Money Idea
    • IDEAS for Your Better Diversions >
      • The Tech IDEA
      • The Travel IDEA
      • The Auto IDEA
      • The Outdoors IDEA
    • IDEAS for a Better Table >
      • The Food IDEA
      • IDEAS de Cocina Espanola
    • IDEAS for a Better You >
      • The Health IDEA
      • Living Well IDEAS
      • The Fitness IDEA
      • The Beauty IDEA
    • IDEAS for a Happier Home >
      • The Home Idea
      • The Entertaining Idea
      • The Parenting Idea
      • The Senior Living IDEA
      • The Pet IDEA
  • The Video Domain
    • Video IDEAS for Your Better Business Life
  • About
  • Contact
  • ads.txt