Even though you rummage through a pile of newspapers, stay glued to the TV or Internet, there is not much long term care news to dig. You’ll read about or see five men delivering speeches about taxes, the economy and the current health care law, but unfortunately none about long term care (LTC) per se.
Perhaps credit should be given to one of them and that is Newt Gingrich for having an opinion on the subject. According to this presidential candidate, Medicare should include training for family caregivers and he proposed the use of new assistive equipment to ensure higher quality of home-based care. If you look at his background, though, you will understand why he has so much concern for individuals who are receiving LTC. His mother stayed in an LTC facility before she passed away nine years ago.
Only a handful of Americans truly understand the importance of LTC and the ill effects of not being financially ready for it.
See, not even aspiring presidents have anything clear or concrete to say about the issue. Perhaps, average Americans who want to ensure that they and their loved ones get the best of care someday should simply turn to the experts on the field like elder care specialists, financial planners, and long term care insurance (LTCI) representatives among others.
By getting in touch with these LTC specialists, everyone in the country will be able to plan his future health care needs according to his needs and not based on what the government dictates to them.
What to Look Out for in Long Term Care News
Although it’s better to put your trust on professionals in the field of LTC than on government folks, you should not discount any reports about LTC especially if it concerns the cost of care.
Keep in mind that your LTC plan should conform to the cost of care in the area where you live or where you plan to retire someday. You cannot be in Massachusetts and base your health care plan on the cost of care in Alabama. Insurance companies that sell LTCI policies publish yearly the average cost of care in the country just so you know how high the rates of LTC facilities have gone up, but this should not be the basis of your plan.
Take time to walk around your neighborhood to check out the annual rates of nursing homes, assisted living facilities, and the hourly charges of home health aides. While in this research process you will somehow get an idea of the type of LTC setting that will be suitable for you or a loved one. It is necessary to know what you want and what you may need in the future to be able to come up with an effective plan.
As you go deep into your LTC plan and all of a sudden comes this long term care news that the government has announced a new program which will grant LTC access to each and every American, do not in any way let it destruct you. If you fall for it, you could end up victim should that news be history tomorrow.