Planning for long term care, who should do it, and when:
Of course, maybe you will never need long term care. But the truth is, an unexpected accident, illness, or injury can change your life and its course significantly. None of us like to think about the future from the perspective of what can go wrong, but it is always wise to be prepared for anything. Actually, the best time to think about long term care is before you need it. When you plan ahead, it gives you time to really learn about the resources and services in your community. And it gives you more time to plan for how you are going to pay for your care.
Paying for long term care will be one of your biggest decisions on the topic. You need time to look at your resources, and to research your options for other ways to pay for long term care Merrillville IN. Besides your personal funds, you might want to consider other sources of financing. Medicaid, long term care insurance, a reverse mortgage, and life insurance policies are all possible sources of long term care funding.
The bottom line is, it’s important for you and your loved ones to make these important decisions before you actually need long term care.