The Long Term Care Dilemma

As we grow older, the Long Term Care issue becomes important to us as we watch our parents age, or for ourselves. The uncertainty that surrounds the final chapters of life can leave us with many questions and concerns. A little planning today can be an important part of your financial security and peace of mind.

There are no easy solutions to the individual question: What should I do? Instead you’ll want to gain some education and meet with a qualified advisor you trust, and be willing to discuss your health history, your families health history, your income and your assets.

Here are a few key points to consider:

  1. Have you done any estate planning? Did you do a trust?
  2. Did you do a Durable Power of Attorney for Health Care and a Living Will?
  3. What is the value of your assets? Do you have any desire to protect and pass those assets on?
  4. How much annual retirement income will you have?
  5. Does longevity run in your family? Are your folks still alive? What was their cause of death? Do you have any siblings? How is their health? How is your health?
  6. How are you covered for health insurance? Do you have Medicare or an HMO Alternative?

Meeting with a qualified Long Term Care advisor can be an important step in answering your questions to the Long Term Care Dilemma.



The State of California Department of Health Services can be helpful in understanding the safety net under our society and how our social services can benefit you or your parents when they need care. This link may be helpful in your search for knowledge and assistance:
http://www.dhcs.ca.gov/individuals/Pages/default.aspx