assisted living facilities - richmont

The Basics of Long-Term Care Insurance

It’s a fact that long-term care is going to be expensive. Sending a loved one to be cared for in assisted living facilities can cost over $80,000 in a single year. The amount being paid stresses the need for long-term care (LTC) insurance.



Long-Term Care Insurance: A Brief Explanation


To have a healthy retirement, preparing for health care expenses is important. An accident or illness can happen in old age. Plus, the effects of aging also bring with it its own set of problems. All of these can contribute to unwanted medical costs.


However, getting long-term care insurance is one way to ensure that expenses during old age won’t result in a financial drain. Older loved ones deserve only the best in retirement, but the body can be tricky to deal with.


There are different LTC policies to choose from. A Traditional LTC can pay for any form of care, including those rendered in assisted living facilities.


On the other hand, hybrid policies are also available. Usually, these are life insurance policies or annuities that have an LTC benefit.


While it is important to have this kind of insurance, it’s equally important to consider the best policy that fits the needs of a loved one. If this kind of coverage is preferred, shopping for the right option should commence around the ages of 45 and 55.



Long-Term Care Insurance: The Necessity


Is LTC insurance absolutely necessary? The short answer is yes. A more detailed answer will require looking into its particular benefits.



Many of the elderly can’t rely on their children or other family members for support


Retirement age is supposed to be a time of fun and doing things one couldn’t have done while holding down a job. However, health issues can put an end to all merriment. An accident or an illness can result in a loved one needing 24/7 care. Since it’s difficult for children with full-time jobs to care for an elderly parent, sending them to a facility for proper care is definitely an option. LTC insurance guarantees that money saved up by a loved one will be used solely for their pleasure, not for their medical expenses.



The premium from LTC coverage is tax deductible


This is largely dependent on the age of the person being insured but premiums are usually tax deductible.



Long-Term Care Insurance: Making a Choice


When choosing an LTC policy, it’s best to consider several factors before making a final decision. It’s not enough to just have LTC insurance; it’s equally important to have one that is the right fit.


In choosing an LTC, it’s important to select an insurer that is reputable. It’s not that difficult to find a top-rated insurer – a search on the web can yield many results.



The elderly deserve to enjoy retirement. This is the time to fully take advantage of what has been labored for many years. However, the body can have plans of its own. Whether it be an accident or illness, it helps to be prepared to avoid spending hard-earned money for medical expenses. For long term care, assisted living facilities to provide an excellent option for elderly family members.




Richmont Senior Living is proud to serve Ashland, NE and the surrounding cities: Memphis, Springfield, South Bend, Greenwood, Murdock, Waverly, Murdock, Ithaca, and Chalco

senior housing communities

4 Factors to Consider When Finding a Senior Housing Community

Getting the best care possible is a priority in finding senior housing communities for a loved one. You want assurances that they will be looked after and knowing that they lessen your worries. What factors should you look for in senior housing communities that will help you make the best possible decision?



Visit the facility


Unless you have friends or family who can recommend an assisted living facility, your most likely starting point would be an internet search. Websites can provide you with basic information about the community, their staff, and services, but nothing compares to seeing the place with your own eyes.


Your own experience can tell you whether or not a place is right for your loved one. After all, it’s you who best knows those who are closest to you.


During a visit, take all the time you need to make an assessment of the place. Take note of how clean the place is and pay close attention to smells. While detecting odors are normal in senior housing communities, smelling them all throughout the property points to a larger issue. You can always ask the manager what the problem might be.


In assessing a property, it’s important to not just explore the insides of the facility; the outdoor areas are equally important as well.



Observe how the staff treats the residents


It’s always best to have questions prepared during a visit. Doing so allows you to get a better view of the place. One of the most important questions to ask is about the number of staff who will be assigned to residents. The answers given can give you confidence in their ability to care for your loved one.


Other than that, observing how staff treat the residents can tell you a great deal about the level of care your loved one will receive in the facility.



Take a close look at the residents


Personal care is so important which is why it should be on your list of questions for the facility manager. If they have the right to know the bathing preferences of a possible resident, you also have the right to ask about how they go about the process.


Another way to gauge the personal care process of the facility is to look at the state of the residents. Do they look well-groomed? Are they dressed properly? Being satisfied with the responses to these questions allows you to rest easy knowing that a facility will take good care of your loved one.



Ask the opinion of other families


If you know someone who has a loved one residing in the facility, don’t be afraid to ask them questions. This, when weighed will all other other factors to consider, will help you make the right decision.


Making sure a loved one feels comfortable in new surroundings is crucial for their well-being. You can make sure of this by paying a visit to the facility and exploring the area to make a proper assessment.




Richmont Senior Living is proud to serve Ashland, NE and the surrounding cities: Memphis, Springfield, South Bend, Greenwood, Murdock, Waverly, Murdock, Ithaca, and Chalco