Long-term care planning is best charted prior to retirement

Long-term care in Texas generally refers to a range of products and services that older persons may need to get through their daily lives. For example, one may need assistance in preparing meals, getting dressed, bathing, cleaning and the like. If one is disabled and in need of medical care, this may be done in the home or it may require in-patient care. Medicare pays essentially nothing for such services, and it is prudent for a couple or individual to do some vital long-term care planning.

When there is a disability that is incapacitating and the individual simply cannot care for herself or himself, placement in an assisted living facility may be feasible. The more incapacitated persons may have to be placed in a nursing home. With memory problems such as Alzheimer's, an assisted living facility may be inadequate and the nursing home may be more appropriate.

All of these options, including home care, are expensive and can be prohibitively expensive in many cases. The main government assistance for nursing home placement is provided by Medicaid, but there are serious qualifications that must be met in order for a person to receive Medicaid subsidies to the nursing home or other facility. If private insurance is prohibitive, a couple or individual wishing to plan ahead will be able to do so if they act early enough to set up the circumstances that are required.                                                                                                                                      

The private insurance method of long-term care planning is something that most people will at least want to consider. Long-term care insurance has become so versatile in Texas and elsewhere that it may be affordable in a variety of cases. The best way to evaluate and unravel the available choices and make the correct decisions is to meet with an elder law attorney at an early point, preferably prior to retirement.

Source: yellowhammernews.com, "Alabama financial-guru Jeff Roberts discusses long-term care for yourself and loved ones", Jan. 13, 2017

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