Finances
How do you make the best eldercare decisions without compromising your family's overall economic security? It's a complicated question, but one well worth devoting some time and creative thinking to. This chapter explores how you can:
- Start the financial planning now — for the elder and yourself. There is plenty of help to be had.
- Get a clear view of your elder's current financial picture so that you understand what eldercare options you can afford.
- Take time to investigate whether your elder qualifies for public or private eldercare benefits. You may be surprised.
- Evaluate the options for managing long-term care costs, which often aren't covered by standard health insurance plans.
- Re-examine retirement plans — yours and your elder's — to find a balanced way to allocate income and assets over the long run.
Continue to Start Planning Now...