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You may not need care, but what if someday you do?
It might be difficult to picture today, but there may come a time when you need assistance with the basic activities of daily living. As we grow older, challenges such as illness, physical disability, frailty, or cognitive decline can make even routine tasks like dressing, eating, or bathing feel overwhelming. Planning ahead with long-term care protection ensures you have the support you need to face these challenges with dignity. It empowers you to maintain your independence, prioritize your safety, and enjoy a better quality of life as you age. Taking steps now can make a world of difference later.
Understanding Long-Term Care
Long-term care refers to a range of services and support systems designed to meet the personal and medical needs of individuals who are unable to perform basic daily activities on their own due to aging, chronic illness, injury, or disability. These services are aimed at helping people maintain their quality of life, safety, and independence as much as possible.
1. Assistance with Activities of Daily Living (ADLs): Tasks like bathing, dressing, eating, toileting, transferring (moving from a bed to a chair), and managing incontinence.
2. Types of Care Settings:
- In-home care: Services provided in your own home, such as personal care, housekeeping, or skilled nursing care.
- Assisted living facilities: Residential communities offering a blend of housing, personal care, and medical services.
- Nursing homes: Facilities providing 24/7 medical care and assistance for those with significant health needs.
- Adult day care centers: Daytime programs offering care, activities, and companionship in a structured environment.
3. Medical and Non-Medical Support: Medical care can include managing medications, wound care, or therapies (physical, occupational, or speech).Non-medical support focuses on daily living needs and emotional well-being.
4. Duration and Flexibility: Long-term care can range from temporary support during recovery to permanent care for chronic conditions.
5. Who Provides It: Care is delivered by family members, professional caregivers, home health aides, or medical professionals, depending on the level of need.
6. Financial Planning for Long-Term Care: It’s important to plan ahead since Medicare, for example, may not cover long-term care in most cases. Options include long-term care insurance, savings, or Medicaid for those who qualify.
Long-term care is about preparing for the potential need for support later in life so that you can live as comfortably, safely, and independently as possible, regardless of the challenges you may face.
Care benefits focused on you
When the time comes that you need care, our compassionate and experienced team is here to provide support, giving you greater peace of mind. At OneAmerica Financial℠, we are dedicated to serving our policyholders, not shareholders. As a mutual organization and a leader in long-term care solutions, we are committed to prioritizing your needs—now and for the future.
1. Financial considerations
Life is filled with choices, many of them involving your finances. Have you considered how a potential need for care later in life might affect your financial stability? Here are some important financial aspects of long-term care to keep in mind:
Consider these financial implications of long-term care:
1. Retirement income: How would it impact your lifestyle if your annual expenses increased significantly due to a long-term care need? Do you have the income to cover expenses from common conditions such as diabetes, heart disease, Alzheimer’s disease and need for daily assistance that come with aging?
2. Length of care: No one wants to depend on others, but if you do need care, how long might you require it? Would it be for 12 months, 12 years, or more? Could you find yourself worrying about having enough money to pay for care or guessing how long you would need it?
2. Family matters
The possible need for long-term care can be a difficult topic. So can asking loved ones, who are busy with their own lives, to care for you. How could a need for care affect your loved ones?
Consider the following:
1. Spouses: Caring for a chronically ill loved one could impact a caregiver’s physical and mental health. Do you know anyone who has provided care for a spouse? What was their experience?
2. Adult children: Many parents expect that loving children will step in when a need for care arises, possibly requiring career or relocation choices to be made. Would your children be able to take care of you? If children are not part of your care equation, who would you turn to for care assistance?
3. Family dynamics: Typically, informal care at home is not shared equally among adult children or other relatives. One family member may bear a larger burden, which can stress family relationships. If you needed care, would it be shared equally among family members? A long-term care protection plan can protect relationships and create better moments for you and your loved ones during what can be a difficult time.
Planning for care now could help your loved ones focus on you — instead of worrying about how to care for you in the future.