3 Primary Concerns with Long-term Care

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Beneficent: LTC Funding Education & Options

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Mar 05, 2023

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Long-term care is an important topic that affects about 70% of all of us who reach age 65 and our loved ones. That 70% represents those of us who will need some level of Long-term Care.   

What is long-term care exactly? Care that is available for individuals who need help with the basic activities of daily living. Long-term care services include assisted living, adult day care, home care, or a skilled nursing facility.

It’s important to understand the fundamentals of long-term care, so we can make informed decisions for our future and those of our loved ones. Let’s explore the 3 primary concerns with long-term care and where to start when it comes time to make decisions. 

Availability of Services 

Long-term care services are in high demand today due to an aging population. This means that it’s important to research your options as early as possible in order to secure the best services for your needs. Knowing what services are available in your area will help you make the best decision for yourself or your loved one. 

Costs 

Costs and quality of care are the utmost concern for most family members, seniors, or disabled adults needing long-term care. Here in Colorado, the average cost for Long-term Care is $8,758 per month according to 2020 state information. You may be able to take advantage of Long-term Care Medicaid or VA Aid and Attendance which can help offset the costs of long-term care services. Most are told they do not qualify for these programs, however, it’s best to meet with a Certified Medicaid Planner (CMP) to discuss your options.       

Quality & Safety Considerations 

When selecting a provider for long-term care services, it’s essential to do your research and find out more about their reputation and track record when it comes to quality and safety standards. Look into reviews from past customers and ask questions about any accreditations they have received from third-party organizations such as The Better Business Bureau. These organizations provide independent evaluations that can give you peace of mind when selecting a provider for yourself or someone else. 

Long-term care is an important consideration for many people today, regardless of age or current health status. Although it can seem overwhelming at times, understanding the primary concerns associated with long-term care will help ensure that you are making informed decisions regarding availability, cost, quality, and safety considerations. 

If you want to feel more confident about long-term care plans for yourself or your loved one schedule an appointment with Stacy Osborne, a Certified Medicaid Planner. In just 1 hour, you will walk away with legitimate ways to pay for long-term care and this meeting is completely FREE.

  Stacy Osborne, MBA, CMP 
  Beneficent CEO
  719.645.8350

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