Choosing the Right Long-Term Care Option

By Steve Elliott | September 6, 2022 | Comments Off on Choosing the Right Long-Term Care Option

There are many long-term care options available, and most people are unaware of what they are, at least not until they or somebody they love requires it. Talk to long-term care insurance companies about the policies they offer, taking into account this may affect your options as well.

Long-Term Care Insurance Companies San Marcos CA - Choosing the Right Long-Term Care Option

Long-Term Care Insurance Companies San Marcos CA – Choosing the Right Long-Term Care Option

You have in-home care, which is one of the preferred options among seniors and their families. With this option, elderly men and women can age in place, or at home where they are most likely comfortable with a home care aide and possibly visiting nurse stopping to support them and check in on them from time to time.

You also have nursing home care, which is generally reserved for those who are recovering from major medical situations or who need direct medical attention on an ongoing basis. Not everyone is going to require nursing home care, though.

Assisted living is still a third option when it comes to elder care. This can be a great choice for those who will require regular and consistent care for the foreseeable future. Does that mean they will always need to be in an assisted living community? No, but the more time seniors spend in one of these environments, the more they agree it is a great choice for their future.

How to determine the best elder care option for you?

As noted, most seniors prefer to remain where they are, in their homes, where they are most (likely) comfortable. That’s not always practical, though.

The elderly person might require significant medical attention. For that, they would need a nursing home or a qualified assisted living community. They can also receive that level of support and assistance at home, with the right senior home care support.

Ultimately, it comes down to what the senior wants, not what his or her family would prefer. Just because the family might be telling this aging person that assisted living would be the best thing for them, they might not want that.

How does the senior maintain control?

They do it by ensuring affordability for the type of elder care they prefer. An aging senior who needs live-in care might have to pay $50,000 or $70,000 or $80,000 a year out of their own pocket.

Many people incorrectly assume that Medicaid covers these expenses, but in most states, Medicaid only provides coverage for nursing home care and that only happens after the senior has used all of their available savings and assets. Often, that can include the equity in their primary home.

In order for an elderly person to maintain control over their future and determine which elder care option is right for them, they need to be able to afford it and long-term care insurance helps them do just that.

Long-term care insurance is designed to provide up to three years (on average) of long-term care coverage for the qualifying senior and his or her dependents, which usually means their spouse.
This can be used for many different types of elder care, empowering the elderly person to live where they want and on their terms, even when they reach a point in their life when they struggle with even the most basic of daily tasks.

If you or a loved one are considering Long-Term Care Insurance Companies in San Marcos CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.

Steve Elliott
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