You’ve probably heard the saying, “proper prior planning prevents a poor plan!” When you’re relatively young and healthy, no one wants to think about Long-Term Care health insurance. But planning ahead is what makes this program so wise.
The Flashlight Story is a great example of this from Patrick Broccolo, owner of Senior1Care in a marketing meeting recently:
With the history of violent thunderstorms and tornados in Indiana, what’s the one thing we should all have ready for outages or damage? A flashlight, of course, but preferably with working batters. Patrick has the flashlight but it needs D batteries. He admits that it would be easy enough even to grab some off the end cap of the grocery or hardware store. But when does he actually buy the batteries? After the crisis – after the electricity is out.
Obviously, you get the message. Here’s few ideas for keeping your “batteries” in place:
- Get regular checkups to keep yourself healthy as possible for as long as possible.
- Consult your accountant and lawyer.
- Talk to your family about your future plans!
- Do not assume Medicare covers everything.
- Consider what could happen if you need Medicaid.
- Look at Long-Term and Short-Term Health Care insurance and find out what options work best for you.
Your “flashlight” should be charged up and ready when you need it. Be sure you look ahead and are prepared for your future! ~ Elise