Addressing long-term care issues

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Long-term care is a variety of services which help meet the medical and non-medical needs of people with chronic illness or disability who cannot care for themselves for long periods of time.

The loss of a life partner may reduce the long-term care options for the surviving partner. The most common forms of long-term care are formal services in a facility, home health care and family care. Many people choose to address this issue by purchasing long-term care insurance that helps provide for the cost of long-term care.

The following resources may assist you in addressing long-term care issues:

Summary of Long-term Care Choices

Planning for Long-term Care

Checklist of the Various Ways to Pay for Long-term Care

Summary of Long-term Care Financing

Paying for Long-term Care

Death of a Life Partner Tasks

1. Taking stock of your financial situation
2. Identifying your sources of income
3. Revising your spending plan
4. Revising your estate plan and advance directives
5. Examining Medicare, Medicaid, and long-term care issues

Examining Medicare, Medicaid, and long-term care issues Subtasks

1. Assessing your Medicare status
2. Determining the role that Medicaid may play in your health care planning
3. Addressing long-term care issues

Leave a Reply


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106