Archive for July, 2011
Few Seniors Prepared for Long-Term Illness
If something sudden happened – a fall, a stroke, a heart attack, an accident – would you and your family be prepared? If the answer is “no,” you’re not alone. According to according to a 2009 study by Avalere Health, a research and consulting firm, and the Kaiser Family Foundation, only about 10 percent of seniors have insurance coverage for nursing home care or assisted living.
That’s why, although difficult, it is so imperative to have a plan. Here are five steps to help you start planning with ease:Talk to your family. Something as simple as having a family meeting can pay dividends later. Socialize the issue of planning and play the “what if” game because you and your family will be more effective and ready to act if/when a need arises.
Tags: elder care, family meeting, five steps, insurance coverage, kaiser family foundation, local community services, long term care insurance, nursing home care, term care insurance, term illnessRelated posts