There are many terms tossed around in the long term care world. Activities of daily living, benefit triggers, and cognitive impairment. Contingent nonforfeiture, indemnity, and spending down. But there are two terms that are very important to know and to understand as we get older, plan for our retirements and consider purchasing long term care: Sandwich Generation and Silver Tsunami. Continue reading
Almost every person you know has a family story about long term care (LTC). Grandpa had a stroke and Grandma took care of him. Grandma fell and moved in with an aunt. Auntie had complications from diabetes and had to move into assisted living. Uncle started forgetting things and moved into a memory care center. Any of those sound familiar? We plan ahead and purchase insurance for car accidents, house fires, and tooth fillings. So why don’t we spend more time planning for our LTC needs? Continue reading
Many baby boomers are at the point in their lives where their children have moved out, and their parents are moving in. Maybe one parent died, maybe Mom never purchased a long-term care policy and is beginning to need help with day-to-day tasks, or maybe Dad is starting to be forgetful. Whatever your family’s current situation is as a caregiver, know that you are not alone. There are many hardships people usually expect when becoming a caretaker for a loved one, such as helping with dressing, doling out medications or adding grab bars to the shower. There are equally as many hardships people do not expect, and LTC Consumer has compiled five of those items here. Continue reading
Providing care for a loved one is a difficult emotional journey. However, it’s also a huge financial burden. Not just for the caretaker, but also for their employers. Take a look at this week’s LTC Caregiving Trends 2019 Infographic and see the staggering numbers for yourself. You will be amazed at the true cost of care.
The thought of getting Dementia when we’re older is terrifying. Often people make themselves feel better with the age-old thought, “It’ll never happen to me.” The truth is that after the age of 60 about 5% of people have Dementia, and by the age of 85 the percentage jumps between 25-50%. The good news is that, despite hereditary genetic predisposition, there are many things we can do to help our odds out. Continue reading
Nathan Sanow is the Executive Director of LTC Consumer. He, like many of us, has a personal story that involves a long-term care experience.
“According to the US Department of Health and Human Services, 52% of Americans will require professional long-term care services in their lifetime.” Having worked in the insurance industry for nearly 20 years I know the stats and have heard the stories of people on both sides who did and did not have coverage. But nothing prepares you for when it happens to your family.
Watching a parent get older and more vulnerable can be tough. The first signs of potentially needing help are difficult to witness; forgetfulness, when things start to slip in the housekeeping or yard work, or even worse – a fall. Often mom or dad are reluctant to leave their life-long homes and move into a long-term care facility. However, with a little preparation and perseverance, you can help your parents transition to a safer residence with less responsibility and more socially engaging activities. Continue reading
You’ve been independent your whole life. You lived where you wanted, you bought the car you liked, and you ate the food you loved. You tried to make the right decisions and the healthy choices that were best for your family. You lived life on your own terms. The goal, as you get older, is to maintain that independence. So how do you accomplish that while still living your best life? How do you continue that feeling of freedom, while seemingly depending more and more on other people? You protect yourself and your loved ones with a long-term care plan. Continue reading
Unless we die of a sudden event, most of us will experience a long-term care (LTC) journey. According to the US Department of Health and Human Services, 70% of people turning age 65 will need LTC at some point in their lives. The question is, how will that journey affect our finances, our health, and our loved ones? With long-term care insurance (LTCI) that journey can be a little easier.
June is Alzheimer’s and Brain Awareness Month and the Alzheimer’s Association is asking you to get involved. They have five simple steps to show your support and encourage more awareness. The first three are to “go purple”, the fourth is to share your story, and the fifth is to take action. LTC Consumer will be participating in all of these to help spread the word and fight to end Alzheimer’s. Continue reading