In honor of the July 4th holiday, a recent post on the National Senior Living Providers Network encouraged readers to consider the importance of long-term care (LTC) planning for promoting and maintaining independence on both sides of the caregiver equation.
A lack of adequate preparation compromises the independence of both the senior in need of care and the responsible caregiver, according to Craig Smith of LTC Financial Partners. Without a plan, he says, “…the afflicted individuals face a future of narrowed choices and constricted lifestyle.”
And to those who unexpectedly become the default caregiver, he says, “Suppose your parent, spouse, or child suffers an illness or accident requiring long-term care. How would that affect your income and your life? Your individual freedom could be seriously compromised.”
Planning ahead for long-term care can be a difficult process. How do you know what type of care you or a loved one may need? What if you never use/need long-term care? How long will your loved one require a certain level of care?
While you cannot know all the answers in advance, having a plan in place is crucial to ensure that freedom of choice and maximum independence is in both of your futures.
Happy 4th of July from the Seniors for Living team!