Although some of us have the tendency to put off making important decisions regarding our future, recent reports show the majority of seniors are interested in planning ahead for their elder care needs. While coverage and plans may be confusing, choosing the right long-term care insurance is a crucial element of elder care planning, and should not be taken lightly. Individuals in their 50s and 60s have been spending more time researching long-term care insurance – and not for the reasons previously thought.
Rather than seeking out insurance as a way to cover the costs of nursing home care, many seniors are looking at long-term care insurance as a way to keep themselves out of nursing homes. Individuals who are hoping to remain living at home as they age make up the majority of the American population, and have firm expectations regarding their golden years. Perhaps they’ve seen the difference between nursing home care and in-home care firsthand, and recognize the benefits of aging in place at home. With the help of innovative homecare systems and homecare software, more seniors are enjoying quality care in the comfort of their own homes than ever before.
Long-Term Care Insurance Policies
According to the “Your Money” section of The New York Times, buyers of long-term care insurance prefer home care over any other care setting. They want their policies to cover in-home care – not nursing home care – so that no burdens fall upon their adult children or other family members. With the development of homecare systems and homecare software, such as ClearCare, families can still stay completely involved in their loved one’s care – even when they cannot physically be there.
It’s important to understand what insurance policies will and will not cover. “Lifetime” policies of years past are now too expensive for most people, so the majority of policies offer a fixed pool of benefits to be used over time. Companies also offer policies with inflation protection, but buyers need to be aware that the benefits will not go as far into the future, and that the difference will need to be paid out of pocket. Read each policy carefully before making your final decision, and consult with a financial advisor if necessary.
The Benefits of Homecare Systems
Working with a reputable home care agency that offers quality homecare software gives seniors and their families a stress-free care environment. Web-based homecare systems like ClearCare allow family members to check in on their relative’s daily care and confirm that important tasks have been completed as scheduled.
Unlike nursing homes, which can be understaffed and lack proper supervision, in-home care mandates personal attention from a qualified caregiver. Caregivers that use ClearCare’s homecare software are required to clock in using the client’s home telephone, which gives families peace of mind that the caregiver is indeed at their loved one’s home.
Successful elder care planning begins with research. Due diligence is needed to determine what long-term care insurance policies are available and most appropriate. Educating yourself about homecare systems and homecare software like ClearCare will also help you make informed decisions that will benefit you for many years to come.