Long term care is one of the most pressing issues facing Americans today– and it will only get more urgent as the nation ages. While people are living longer, many have little idea about the added pressures on their “long life care”– fiscally and emotionally.
Talking to loved ones about big issues like aging, money, health and end-of-life care can be awkward. Having honest conversations now lets you know what your parents or loved ones want, and can help ensure that they live life on their terms and as fully as possible.
Long term care insurance can help pay for the care you or a loved one needs down the line as you age. Virginians can now buy a partnership policy that will help pay for long-term care needs and protect assets if it ever becomes necessary to apply for Medicaid.
The Commonwealth of Virginia has a statewide Advance Health Care Directive Registry, allowing all Virginia residents to electronically store their important documents (Advanced Health Care Directive, Health Care Power of Attorney, etc.).
Choosing long-term care can be difficult with all the options that are currently available. This article can be used as a guide to help you make the best possible choice for your situation.