Tuesday, November 8, 2011

FinancialEdge: Why You Need A Plan For Long-Term Care

As human beings, we just aren't biologically wired to think about events far off in the future. Fight-or-flight works well enough to handle short-term problems, but when thinking about events that are both uncertain and decades in the future, many people find it easier to simply postpone the matter and worry about it later. Unfortunately, when it comes to dealing with long-term care needs, that sort of mindset makes the problem much worse. The sooner a person starts thinking about their needs and their strategies for meeting those needs, the better the slate of options. (For more, check out Long-Term Care: More Than Just A Nursing Home.)

Long-Term Care
 
Long-term care is a broad term that covers medical and non-medical support, for people where chronic illness, disability or the recovery from an acute illness, has left them unable to fully care for their own needs. This can take the form of skilled nursing facilities, nursing homes, assisted living arrangements and other hybrids and alternatives.

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