Are you prepared for long term nursing care?
A simple test - subtract $5,000 from your monthly income. Is the answer
positive or negative? If married, is there enough income remaining to care
for your spouse at home? Ask yourself the following questions.
Do any of your family members
require long term care?
Are you caring for a family
member with Alzheimer's?
Are you, or a family member
afraid of losing Medicaid?
Do you have long term care
insurance?
Who will make personal
decisions for you if you cannot?
Who will take care of your
assets if you are unable to do so?
Do you have the documents to
give your designated assistant the authority to act on your behalf?
Do you have a backup person or
company to handle your financial affairs if your first choice becomes
incapacitated, dies, or is unable for any other reason to assist you?
Do you have adequate insurance
if you have to go into a nursing home for an extended time?
Do you have sufficient assets to
pay for your spouse to live at home if you have to go into a nursing home?
If you do not have adequate
insurance or sufficient assets, what are your options to cover the costs of
long term custodial nursing home care?
We can help you with the answers
to these questions.
