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Medical and other technological breakthroughs, people are living longer. Living longer does not<br>mean you are in good health.There may be an extended transition from the quality of life to<br>needing activities of daily living caregiving (eating, bathing, dressing transitioning, or cognitive disease).<br>
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Planning For Transitioning From An Active Lifestyle To Activities Of Daily Living https://www.lavineltcins.com/
ACTIVITIES OF DAILY LIVING https://www.lavineltcins.com/
Medical and other technological breakthroughs, people are living longer. Living longer does not mean you are in good health.There may be an extended transition from the quality of life to needing activities of daily living caregiving (eating, bathing, dressing transitioning, or cognitive disease). People often assume that they can delay getting their financial affairs in order, meaning waiting for frailty, accident, or illness before planning your personal documents and caregiving decisions. It is probable that as we age, we will become frail, have an illness, or an accident will require activities of daily living care for an extended period of time.
COST OF LIVING WILL INCREASE BECAUSE CAREGIVING FOR HOME AND CARE CENTER EXPENSES ARE RISING.
Cost of living will increase because caregiving for home and care center expenses are rising. Most people begin caregiving at home, which is between $1,000 to $4,000 per month, depending on the hours a care aide or nursing aide care is needed. The current average cost for a semi-private room in a nursing home is $93,000 annually. Having the conversation about owning a long-term care plan is of value to you, your family, and your money (estate plan.) Living longer may mean that you are living without your spouse or partner. What will be your care plan if you do not have a plan for care support? The best way to avoid a financial and family crisis with caregiving is to have a caregiving plan in advance long before caregiving is needed.
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