Do you or your aging parents have long-term care insurance?

    submitted by Michelle Mendoza and updated by Beth Herman, Amada Senior Care blog contributors

    The majority of seniors will require assistance as they age. Separate from skilled nursing, the need for nonmedical assistance for Americans developing chronic health conditions, decreased mobility, and/or cognitive dysfunction can imply help with activities of daily living (ADLs).

    These include bathing, dressing, meal preparation, medication reminders, housekeeping, shopping, toileting, and other daily needs. The Administration for Community Living estimates that a senior turning 65 today has a 70% chance of requiring long-term care in their remaining years.

    As a family member, you may have asked yourself how a parent is going to pay for this.  Does your loved one have a long-term care insurance (LTCi) policy? Long-term care insurance is a valuable tool to protect assets and finance long-term care.

    Who provides help at home for older adults? Of the 53 million unpaid caregivers in the U.S., 41.8 million are looking after individuals aged 50 and older.

    So many of those who provide care are family caregivers: adult children juggling jobs, families of their own, and other responsibilities. Relationships, time, and income can become stretched and strained as the senior’s needs increase, especially following a health crisis (injury; terminal illness diagnosis) should it occur. The presence of long-term care insurance cannot be underestimated in shouldering the burden.

    Amada Senior Care is the resource and one-stop shop for long-term care insurance advocacy.  Let the professionals at Amada assist you and your loved one understand how to best utilize your Long-Term Care insurance policy to maximize your benefit.

    If you do not have a policy, we can still help you navigate home care and determine what will work best for you and your family. Call or text us today at (215) 422-3095. for more information.

    PHOTO CAP: Confused about long-term care insurance? Give us a call.

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