Sunday, November 22, 2009

Long Term Care and the Elderly

Long term care is sometimes inevitable in the elderly. Making preparation before that time arrives is not always thought about by those who end up needing it. This can be stressful for the elderly and their family members because there are so many decisions to make such as how to pay for care and where will this care take place. Paying for long term care is expensive but there are many options to consider. Some options are purchasing insurance, paying out of pocket, reverse mortgage, PACE, or Medicaid(have to be eligible). When deciding where care will take place ,the elderly and family members have a choice of nursing home or home care. Making that decision can be tough on family members. Planning for the future and exploring options has one gets older is always the best thing to do especially thinking about the possibilities of long term care. This will make it easier and less stressful for everyone when that time comes.