Tips on Long Term Care Planning

Planning for long term care is easy once you realize the significance of long term care in your future. The lack of planning can result into a rough retirement when you need help in carrying out your daily living activities and paying for care. Without coverage, you can use up your entire nest egg or you need to ask help from your loved ones to take care of you or pay for your long term care expenses. This is a situation that most people like to avoid because this can lead to strained relationships.

Here you can find a step-by-step guide that can help you plan for long term care.

Step 1: Learn about Care Settings

Step 2: Assess your Financial Status

Step 3: Consider Insurance Coverage

Step 4: Discuss with Loved Ones

Step 5: Use this Checklist 

Original Source: http://www.infolongtermcare.org/long-term-care_information/long-term-care-planning-basics/