Lavine Long Term Care Insurance

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Most people in Tacoma, Washington think of caregiving as being in a nursing home or care center. In most situations, care begins at home and if a person is fortunate will spend a short time in a Tacoma hospital, hospice, or die quickly.

Needing assistance is needed for all of us who live in Tacoma. When we are babies and children our parents help us with our daily activities. When we mature and become frail or need assistance with daily activities we have our family or care services to help us with our daily activities.

Extended Care Benefits (Long Term Care Insurance) allows people in Tacoma to live their lives with dignity. Look around you and you will see people who are with another person. People in wheelchairs, walkers, and canes. They are living their lives and as best they can being involved with their usual activities.

People travel, they are intimate, they visit friends, attend family events, and enjoy the same activities except they have people to help them.

Extended care benefits transfer payments to a carrier rather than using your cash flow targeted towards lifestyle, commitments to your family now and in the future. Additional expenses added to cash flow will disrupt your estate planning. As care expenses increase, it is probable that principal will be invaded reducing cash flow and triggering capital gains expenses.

It is not those who need care giving who will be affected, it is your family, your friends, and your commitments you made to your family in Tacoma.

Care benefits have transitioned from the days of just nursing home insurance. Most plans today are comprehensive, home or care center as a person's care needs evolve.

There is traditional, hybrid, and short-term care benefits available for Tacoma residents.
Family members who need care for loved ones often defer their lives which affect their income, family, retirement, and mental health.

To help your family in Tacoma, remain your family rather than your full-time caregivers, have a caregiving plan.

Alzheimer’s Care at Home for Tacoma Residents

There are numerous options to extend the patient’s care at home in Tacoma. These include:

  • In-Home Help: This involves hiring caregivers to provide the assistance to the people.. Depending on their needs, in-home help in Tacoma can range from a few hours a week, to live-in help. Getting help with some basic tasks such as shopping or housekeeping can really make a difference in getting more time to focus on your loved one.
  • Daycare Programs: Some daycare programs essentially specialize in Alzheimer’s and dementia patients, and typically operate on weekdays to provide a range of socialization and activity opportunities. This will give you a break as the caregiver, and let you attend to your personal needs.
  • Respite Care: This is a short-term care option where the patient stays in a special facility temporarily. This provides you time to rest, attend to your needs, or even travel.
  • Alzheimer’s Care at a Facility: Regardless of how much you love the patient, or how much skilled you are as the caregiver, the mental and physical demands on you will eventually become overwhelming as the disease progresses. It may reach a point where you are unable to leave the patient alone. Their behavior may disrupt your sleep, and deplete your energy even further.
  • Assisted Living: This is usually an option for those in need of help with some activities of daily living. The staff will be available 24 hours a day, though you should make sure they are experienced in handling Alzheimer’s residents.
  • Nursing Homes: If your loved one requires specialized medical care, a nursing home in Tacoma might be ideal. They offer room and round-the-clock medical care and supervision. Some nursing homes even have special accommodations for Alzheimer’s patients; there, the philosophy of care revolves around their needs in terms of the environment, activities, etc.

Long-term care is something that people may if they are frail or have a chronic health condition in Tacoma. There are a variety of levels of need that could be considered within the spectrum of long-term care. For some people, the care can be done in the community. They get assistance from a person who visits them each day, to help them with shopping, to remind them to take medication or to help them with basic personal needs such as getting dressed or with hygiene.

For others, the care that is needed is more in-depth, and they might need to live in an assisted living facility, or they might even need to transition to a care center. It depends on people's needs.

Long-term care services mean who pays for care, your cash flow, your assets, your family, or Medicaid? Have a plan in place long before caregiving issues are needed.
If you are concerned about needing long-term care for yourself and your family, have the conversation with your professional advisers who will refer you to knowledgeable and competent people to have the conversation about care benefits.

Most people want to care where they live. Some may want to transition to a care center based on care needs, sociability, group activities, and other considerations. Mental health is a factor with where and how people have care. Isolation, difficulty with your daily activities, worrying about how to pay for care, and the emotional stress on the family are factors with whether people remain at home or transition to a care facility.

Myth 1: Medicare will cover me.

For the same reason that your regular health insurance will not cover long-term care, Medicare won't cover most long term care services. This is a financial and planning misconception that will require you to pay for long-term caregiver services using your current cash flow.

Myth 2: My spouse or children will take care of me.

What happens if your spouse also needs long-term care or you are single or your children are far away or are too busy or can not afford to take time off to provide the care you need? Demographics and family situations have changed in today’s modern, mobile workforce. You simply can’t rely on your family, children, social services, or service organizations to provide this kind of care.

Myth 3: Long term care insurance companies provide the only solution.

Owning a long term care insurance policy from a reputable private carrier remains the best defense against your future long-term care needs.

Myth 4: I can wait until I retire to own a long term care plan.

While it’s never too late (or too early) to purchase a long term care insurance policy, it is more expensive if you wait until you are in your 60s.

Myth 5: Long term care insurance covers only nursing homes.

Comprehensive plans cover care services whether you are living in your home or in a care facility.

Myth 6: “Elimination period” means waiting period.

This is the period between the time you qualify for care services and when you begin to receive long term care benefits. Riders are available to provide immediate benefits if care giving services begin at home.

Myth 7: I cannot afford long term care insurance.

Even modest policies from reputable long term care insurance companies may mean the difference between obtaining the care you need and subjecting yourself and your family to the financial and emotional stress of becoming your care givers.

Believing “I am in good health so I do not need to own long term care insurance” is contradictory to what happens in our lives. In addition, those who develop chronic health issues will no longer be eligible for any long term care plan. Now is the time to prepare.

Myth 8: It does not matter who sells me a plan.

Many people recommend and sell long term care plans: financial planners, general insurance agents, and other advisers.

Long term care insurance is a specialty benefit product. There are a variety of carriers and options to consider based on health, financial suitability, and what you want to accomplish. Consult with a knowledgeable planner who is competent and knowledgeable with underwriting requirements and carrier benefits.

This is something you and your family need to get right the first time.

Raymond on the Radio