Many families think that their need for long-term care is far away, but it is always closer than you think. As a long-term care adviser in Raleigh, I help families plan and pay for their long-term care. Since we guide people through the process of learning to making the decisions to paying for what they need, we have a few tips to get families in Raleigh started.Long-term Care

5 steps to getting started towards making decisions about long-term care are:

  1. Get Educated: Many individuals think that long-term care must be paid for from their retirement savings. While retirement savings are a great place to start, there are a variety of additional options to help pay. We offer seminars, which you can click here to learn more about, to help get families started.
  2. Estimate Long Term Care Costs: Families should start planning for long-term care before they need it. Currently, long term care costs in Raleigh are estimated to be in the ten thousand dollar ($10,000) per month range for nursing level care by 2027.
  3. Health Care Desires: One of the most important things to discuss is the individuals desires when it comes to their health care. Do they want to stay in their home? Do they prefer a retirement community? What if the medical situation worsens?
  4. Types of Payment: Not all of the payment needs to come from retirement savings. Could the individual qualify for veterans benefits? Could the individual qualified for Medicaid to handle long term care costs? And how much would they qualify for? All of these will factor into making final decision about long-term care.
  5. When Is the Time?: It is important to clearly communicate with all family members when it is time for long-term care to kick in. How long can the individual remain on their own?

By now, you are probably slightly overwhelmed by the decisions to make and items to consider before choosing a long-term care solution. We have a packet that will help start to walk you and your family through this decision process. Click here now to request the long-term care information packet now.