A lot of people don’t realize how important long-term care is, simply because nobody likes to think about getting old and needing help with everyday tasks. However, it is a very important part of the aging process, and it’s something that everyone should be prepared for, both emotionally and financially. To help spread awareness about this subject, November has been designated as Long-Term Care Protection Awareness Month.
What Does Long-Term Care Refer To?
When a person grows older, they may eventually reach a point where they can no longer take care of themselves. That could be due to several different factors, such as age-related illnesses, cognitive decline, or physical impairments. When someone reaches this point, they will likely need help with activities of daily living, such as bathing, dressing, eating, and using the restroom.
It’s important to note that this is not considered medical care; it’s considered “personal” care. Not only can it include activities of daily living, but it can also include managing a person’s finances, helping them take their medication, performing their housework, and more. Long-term care is generally provided by unpaid caregivers, such as family members, although nurses who provide home care aid can also give such care.
Preparing for Care
According to the ACL, persons turning 65 today will have a 70% chance of needing long-term care at some point in the future. Considering that 80% of caregivers are unpaid and spend an average of 20 hours a week caring for family members who need care, this can have severe financial implications for both the caregiver and the person receiving care.
That is why planning ahead for care needs is so important. One way to do this is to purchase long-term care insurance, which can help cover the cost of personal care services. It’s important to do your research and compare different policies before making a purchase, as coverage and costs can vary greatly.
For more health information and advice, be sure to visit us at The Benefits Store today.