What would happen if you suffered from a catastrophic illness or were in a severe accident? Like most of us, you think that won’t happen to you. But it can, and it does!
Often, families are unprepared to deal with a long-term illness or major accident, and it’s not something that we want to talk about when we’re sitting down to a family dinner. Well, you should talk about it so that you and your family are prepared in case something does happen.
It’s essential to have a plan, so you are prepared if you or a family member suffers from a long-term illness, chronic condition, or an accident that requires care for an extended period.
Although it’s more likely that you’ll need long-term care as you age, don’t wait to make this decision. Remember that 45% of people needing long-term care are under 65.
The best time to plan for long-term care is before you need it, not when dealing with this severe issue. Planning for long-term care means:
- Assessing if where you live will accommodate your needs
- Knowing the costs of long-term care and the financial implication for your family
- Creating legal instructions to help keep you in charge of decisions about your medical care and finances
When considering how to meet the challenges of that illness or accident, including a plan to cover the costs of care. If something were to happen, are you prepared to handle the financial consequences of long-term care? Some people need long-term care for several months as they recuperate, while others need it for years or the remainder of their life.
Don’t wait. Give us a call, and let’s talk about a long-term plan that will work for you and your family and the available options. Remember, we are here to help!
And stay tuned for our next blog post: What to consider when looking for Long Term Care insurance.