Talk openly to your adult children about your plans for the future

For many boomers and seniors, talking about plans for their later years with their children is not a hot agenda item. But it should be.

Planning for long-term care represents a carefully thought out decision to be made with the help of an extended care professional. You need information so you can make educated decisions about the care you may need – and Your LTC Resource is a great place to get the facts for yourself and help with your future health needs.

Just as you need that important information, your adult children do, too.  Make time to sit down with your adult children and honestly discuss your preferences and your decisions. Ed & I are fully ready to help you discuss the many options for Long and Short-Term Care (and the many new hybrid plans) available to you. That talk with your kids? It’s something we’ve always recommended.

Recently, we ran across a down-to-earth guide called, “The Other Talk; A Guider to Talking with Your Adult Children About the Rest of Your Life.” The guide provides tips for honest discussions about such tough topics as:

  •  Who do you want to help manage your finances, and how will you budget for unknown needs?
  •  If you need assisted living, where do you want to live?
  •  Where can your children find the documents and information they’ll need to help?
  • What type of medical treatments do you want — and not want?
  •  Who will advocate for your needs?

It’s good, and very reasonably priced (available in paperback for $9 from Amazon, and on Kindle for $8.55). Click HERE for a link for more information on this book.

Education, information and frank, open talks. All three are the keys to making smart decisions, and communicating honestly with your family.   ~ Ed & Elise

 

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Long-Term Health Care has evolved!

As consumers, we decide where we want to live, the type of car we prefer to drive, where to buy groceries, and so forth, right down to the type of phone we use. With Baby Boomers, it’s all about choices. And with 10,000 Baby Boomers turning 65 every single day over the next two decades, “Boomer’s choice” is definitely a part of the Long-Term Health Care system.

As a Boomer myself, I love choices! I welcome Long-Term Health Care Insurance in its many forms – many of them hybrids to make sure the policies work just as we need them to. Taking a new, more individualized approach allows us as consumers to dial up or dial down the health and insurance features that meet their want, needs and range of budget.

It’s great to see this freedom of choice when it comes to both insurance to public programs, Short-Term Care policies, private family support, self funding, Long-Term/life insurance hybrids, or even a combination of these.

Make sure you tailor a Health Care Insurance plan around your particular considerations. A good place to start in your planning is to evaluate the cost of care where you intend to live. As shocking as this is, a private room in a nursing home can easily run to $83,950 per year, according to a new report by the SCAN Foundation on the State of Long-Term Care Financing.

It’s not easy to think about these issues, but knowledge is power, and planning is critical to assure you get the care you might need. Since there are so many choices available, why not choose the plan that works best for you?   ~ Elise

Indiana health care insurance professional gives ‘boomers’ exactly what they are looking for

We baby boomers are changing the nature of health care planning. With 70 million of us, our dramatic numbers alone are radically altering the world of health care insurance.

As ‘boomers,’ we have high expectations and prefer to leave nothing to chance. We want control of our financial and health planning to ensure we get the type of healthy, dignified, independent, and secure future we have envisioned.

Those of us edging toward retirement plan earlier and plan thoroughly. I enjoy working with pre-retirement clients to plan for all health care contingencies. They are bright, well educated, and expect a long, healthy future with a lot more self-sufficiency and control than their parents had.

If you are a boomer, we should talk. Soon. Because nothing ever goes absolutely according to plan, it’s smart to look ahead, before a health emergency strikes you or your partner.

And, because health care prices continue to go up, health insurance costs continue to rise as well. There’s no better time to lock in rates for Long-Term Care, Short-Term Care and Crisis Care health insurance plans than right now, while you are healthy.

As a health care insurance professional for 26 years and a baby boomer myself, I can help make sure you cover all your health ‘bases’ and get the type of coverage that will leave nothing in your future to chance.

~ Elise