Few people like to spend much time thinking about how they might become dependent as they age. Daily tasks, such as housekeeping, hygiene, and taking care of bodily functions are sometimes taken for granted. Aging and disability may take a toll on a person’s ability to self-care at home, sometimes leading to a need for entering a nursing home. A recent news story shares information that people in Melbourne, Florida may find helpful when consulting with attorneys to plan their long-term care.
Long-term care insurance is one consideration. It will kick in and help cover the costs of in-home or nursing home care should a person become debilitated by illness. This type of private insurance can be costly, and becomes more so with age, so it is recommended to get the insurance while one is younger and healthy versus waiting until close to the time that it is needed. The cost and level of supported care varies with each policy, so it is best to compare a few different ones before choosing.
In the United States, there are also some governmental programs that can help with health care needs. Medicare is a program that seniors and younger disabled people can use to pay a portion of the costs for services at long-term care facilities. Medicaid is another program that is available for low-income people of any age that can be used to offset health care and long-term care costs.
The best way to plan for long-term care is to plan well in advance. An attorney can be a valuable resource for people considering these issues. In Melbourne, Florida, a floridaelderlaw.net/Elder-Law/Medicaid-Planning.shtml”>long-term care estate planning attorney will help interested persons to start the process of planning for the future in an efficient manner.
Source: buffaloreflex.com, “Some options when paying for long-term health care“, June 7, 2017