Financial Planning for Elder Care Options:

Many older adults have a trusted CPA, financial planner or attorney with whom they collaborate for important financial decisions. Consider adding an Aging Life Care Manager™  to this team. When you include a Care Manager in your financial planning process, you can better prepare for the cost and type of future care of your choice while preserving your independence.

What an Aging Life Care™ Manager can do:

¨  Provide an assessment and recommendation for long term planning for when the client may require more care.

¨ Advise the client’s CPA, Elder Law Attorney, or Estate Planner of current and future costs of care.

¨ Explore options with families for medical and residential care, including adult day care, assisted living and nursing home choices.

¨ Preserve the client’s independence but acting as a liaison between the elder adult and the family.

¨ Advise clients and families of services and  resources to meet their needs

Pre-Planning:

Even before illness or disability creates a need for personal care assistance, a Care Manager can provide realistic information about long-term care options and the associated costs. This type of pre-planning can add peace of mind to both older adults and their families. Care Managers can help formulate these plans.
Preserving Independence.

Understandably, older adults do not want their adult children to be intimately involved with their finances. They want to avoid the role reversal that often occurs when children need to step in and make decisions for their parents in a crisis. A care manager can help the older adult to develop their own future plans, to reassure their family members and to remain in charge of their own wishes and plans. Often a Care Manager can act as a liaison between the older adult client and family members, advising of useful
services and resources.

Your Team of Professionals

Home Care Solutions Aging Life Care Professionals can contribute valuable information about costs and options for elder care planning such as the varieties of home care services, assisted living and nursing home care in your community. Facing the realities of one’s future care needs, being knowledgeable about what’s available and being prepared to fund these personal choices is another way older adults can take charge. When a care manager joins your team of legal and financial professionals, you can feel confident that you’ve covered your bases.

For more information about Aging Life Care Management, please refer to the informative website for our national association: ALCA.org, or HomeCareNewOrleans.com.
Resolve to include a Home Care Solutions Aging Life Care Manager™  in your financial  planning process. You will be ensuring that a  specialized adviser will be available for your future needs.should they arise.