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We all
hope to remain healthy and independent throughout our lives – but life can be
unpredictable. If you were ever to need some type of long-term care, would you
be financially prepared?
Long-term
care encompasses everything from the services of a home health aide to a stay
in an assisted living facility to a long residence in a nursing home. You may
never need any of these kinds of care, but the odds aren’t necessarily in your
favor: Someone turning age 65 today has almost a 70% chance of needing some
type of long-term care services and support in their remaining years, according
to the U.S. Department of Health and Human Services.
And
all types of long-term care can involve considerable financial expense. The
median annual cost for a home health aide’s services is more than $60,000 per
year, and it’s more than $100,000 per year for a private room in a nursing
home, according to Genworth, an insurance company. Furthermore, contrary to
many people’s expectations, Medicare usually pays very little of these costs.
Of course, some people
expect their family will be able to take care of their long-term care needs. But
this may not be a viable strategy. For one thing, your family members simply
may not have the skills needed to give you the type of care you may require. Also, by the time you might need help, your
grown children or other family members might not live in your area.
So, you may need to protect
yourself and your loved ones from the potential costs of long-term care.
Basically, you’ve got two main choices: You could self-insure or you could transfer
the risk by purchasing some type of long-term care insurance.
If you have considerable
financial resources, you might find self-insuring to be attractive, rather than
choosing insurance and paying policy premiums. You may wish to keep an emergency savings or
investment account that’s earmarked exclusively for long-term care to help
avoid relying on your other retirement accounts. But self-insuring has two main
drawbacks. First, because long-term care
can be costly, you might need to plan for a significant amount. And second, it
will be quite hard to predict exactly how much money you’ll need, because so
many variables are involved – your age when you start needing care, interest rates
or inflation, the cost of care in your area, the type of care you’ll require, the
length of time you’ll need care, and so on.
As an alternative to
self-insuring, you could purchase long-term care insurance, which can provide benefits
for home health care, adult day care and assisted living and nursing home
facilities. However, you will need to consider the issues attached to
long-term care insurance. For one thing, it can be expensive, though the
younger you are when you buy your policy, the more affordable it may be. Also,
long-term care policies typically require you to wait a certain amount of time
before benefits are paid. But policies vary greatly in what they offer, so, if
you are thinking of buying this insurance, you’ll want to review options and
compare benefits and costs.
In any case, by being aware of
the potential need for long-term care, its cost and the ways of paying for it,
you’ll be able to make the appropriate decisions for your financial situation,
your needs and your loved ones.
Chad Choate III, AAMS
828 3rd Avenue West
Bradenton,
FL 34205
chad.chaote@edwardjones.com
Edward Jones is a
licensed insurance producer in all states and Washington, D.C., through Edward
D. Jones & Co., L.P. and in California, New Mexico and Massachusetts
through Edward Jones Insurance Agency of California, L.L.C.; Edward Jones
Insurance Agency of New Mexico, L.L.C.; and Edward Jones Insurance Agency of
Massachusetts, L.L.C. California Insurance License OC24309
This article was
written by Edward Jones for use by your local Edward Jones Financial Advisor.
As the holiday season approaches, many of us begin to embrace the spirit of joy and togetherness. For seniors, this time of year can evoke a special blend of nostalgia and excitement, providing an opportunity to create new memories with loved ones. However, the stress of clutter can overshadow the joy of the holidays. At A Call to Order Professional Organizer, we believe that a serene environment not only enhances well-being but also fosters connection with family and friends. In this blog, well explore effective ways to declutter senior spaces, ensuring that their homes radiate warmth and love during this festive season.Decluttering: A Gift of JoyDecluttering can often seem like a daunting task, especially for seniors who may have accumulated items over the years that carry sentimental value. Yet, creating an organized space doesnt have to be overwhelming. Instead, think of it as a gift that promotes a joyful atmosphere. Tip 1: Start Small and Focus on SentimentalityBegin the decluttering process by encouraging seniors to focus on one area at a time. It could be a specific room, a closet, or even a single drawer. The key is to keep the experience manageable and non-stressful. A good practice is to ask them to sort items into three categories: keep, donate, and discard.When it comes to sentimental items, its important to approach them with care. Suggest they take photographs of items that hold memories instead of keeping every single piece. This way, they can cherish the memories without physical clutter. Setting aside a memories box for truly cherished items can also provide a sense of connection to the past while keeping their environment open and welcoming.Tip 2: Enlist HelpDont hesitate to involve family members in this process. The holidays are all about togetherness, and tackling this task as a family can create new memories while lightening the load. Each family member can take responsibility for specific areas, making the decluttering process enjoyable. Don't forget treats and encouragement to maintain a festive mood!Creating a Welcoming AtmosphereOnce the decluttering is underway, its time to enhance the space for the holiday season. A peaceful and organized environment can significantly improve the seniors mood and overall well-being. Tip 3: Seasonal Decor with HeartIncorporate decorations that evoke joy and warmth. Encourage seniors to choose decorations that hold special meaning for them. This can include handmade ornaments or family heirlooms. A simple touch like a festive tablecloth or hanging twinkling lights can instantly convert a room into a cheerful gathering space without overwhelming them with excess decorations.Additionally, consider the sensory elements of the home. Scents can profoundly influence emotions, so adding a holiday-themed scented candle or simmering potpourri can ignite nostalgic feelings while creating a sense of warmth. Tip 4: Create a Cozy Gathering SpaceThe heart of the home truly shines during the holidays, so lets make sure theres a cozy, inviting space for family and friends to gather. This could be a living room, dining area, or even a cozy corner with comfy chairs and warm blankets. Arrange seating to encourage conversation and connection. A well-organized space will help reduce anxiety and allow everyone to relax and enjoy each others company. If possible, gently advocate for the rearranging of furniture to create an open layout that accommodates guests and fosters a spirit of togetherness.Embracing the Holiday SpiritThe holiday season is a time for love and connection, and nothing creates a more welcoming atmosphere than an organized, clutter-free space. By embracing decluttering as a joyful gift and creating a warm ambiance, we empower seniors to celebrate the holidays in a way that fills their hearts with peace and joy.At A Call to Order Professional Organizer, we understand that the joy of the season can be overshadowed by the anxieties of clutter. With thoughtful guidance and strategies, we can help support seniors in their journey toward a merry and bright holiday experience. Lets work together to make this holiday season one to remember for seniors and their families, creating an environment where precious memories can flourish.Remember, the essence of the holidays lies not in perfection but in love, connection, and shared moments. Here's to making every home a special place during this season of joy!
Rehabilitation Services Provided in Skilled Nursing FacilitiesRehabilitation services are a cornerstone of skilled nursing facilities (SNFs), designed to help individuals recover from illnesses, injuries, or surgeries and regain their independence. Heres a closer look at the rehabilitation services offered in skilled nursing facilities and their benefits.1. Physical TherapyPhysical therapy is a critical component of rehabilitation in skilled nursing facilities. It focuses on helping residents restore strength, mobility, and physical function after surgery, injury, or a medical event such as a stroke. Key aspects of physical therapy include: Strength Training: Exercises to rebuild muscle strength and endurance. Balance and Coordination: Techniques to prevent falls and improve stability. Mobility Exercises: Activities designed to improve range of motion, walking ability, and the use of mobility aids such as walkers or wheelchairs. By working closely with licensed physical therapists, residents can achieve improved independence and a better quality of life.2. Occupational TherapyOccupational therapy in SNFs is designed to help residents regain the skills needed for daily living. This therapy focuses on enhancing a persons ability to perform activities of daily living (ADLs) such as dressing, grooming, eating, and bathing. Specific interventions include: Adaptive Techniques: Teaching residents how to use assistive devices or modify tasks to suit their abilities. Fine Motor Skills Training: Improving dexterity for tasks like buttoning clothes or holding utensils. Energy Conservation Strategies: Helping residents manage fatigue and perform tasks more efficiently. Occupational therapists work with residents to restore independence and adapt to new physical or cognitive limitations.3. Speech TherapySpeech therapy addresses communication and swallowing difficulties that may result from strokes, neurological disorders, or other medical conditions. Speech-language pathologists (SLPs) in skilled nursing facilities focus on: Swallowing Therapy: Treating dysphagia (difficulty swallowing) to prevent complications like choking or aspiration pneumonia. Communication Training: Helping residents regain or improve their ability to speak, understand language, or use alternative communication methods. Cognitive Therapy: Assisting residents with memory, problem-solving, and organizational skills. Speech therapy improves both safety and quality of life by enabling residents to eat, communicate, and engage with others effectively.4. Specialized Rehabilitation ProgramsSkilled nursing facilities often provide rehabilitation programs tailored to specific conditions, including: Post-Stroke Rehabilitation: Combining physical, occupational, and speech therapies to address the multifaceted challenges of stroke recovery. Orthopedic Recovery: Rehabilitation for individuals recovering from joint replacement surgeries, fractures, or other musculoskeletal injuries. Cardiac Rehabilitation: Programs focused on improving heart health and endurance following heart attacks or surgeries. Neurological Rehabilitation: Care for residents with conditions such as Parkinsons disease, multiple sclerosis, or traumatic brain injuries. These specialized programs ensure that residents receive targeted care to address their unique recovery goals.5. Benefits of Rehabilitation Services in Skilled Nursing FacilitiesRehabilitation services in skilled nursing facilities offer numerous benefits, including: Faster Recovery: Access to expert care and tailored therapies helps residents recover more quickly. Enhanced Mobility and Independence: Therapy restores physical function and confidence, enabling residents to perform tasks on their own. Improved Quality of Life: Rehabilitation helps residents regain their abilities, reducing frustration and fostering a sense of accomplishment. Preventing Complications: Therapies such as swallowing training and balance exercises minimize risks like choking, falls, and re-hospitalization.
Our eyes are incredibly precious, yet its easy to take our vision for granted until problems arise. Lets focus on proactive steps to maintain and improve our eye health. Here are some tips to keep your vision in top shape:Schedule Regular Eye Exams:One of the best ways to safeguard your vision is by scheduling regular eye exams. Comprehensive eye exams can detect vision problems early on, allowing for prompt treatment and prevention of further complications. Make it a priority to see your eye doctor at least once a year, even if you dont currently wear glasses or contact lenses.Protect Your Eyes from UV Rays: Just like your skin, your eyes can be damaged by the suns harmful UV rays. Whenever youre outdoors, especially on bright, sunny days, wear sunglasses that offer UV protection. Look for sunglasses that block 100% of UVA and UVB rays to shield your eyes from potential damage. Give Your Eyes a Break from Screens: In todays digital age, many of us spend a significant amount of time staring at screens, whether its for work, leisure, or staying connected. Prolonged screen time can lead to digital eye strain, characterized by symptoms like dry eyes, blurred vision, and headaches. To reduce eye strain, follow the 20-20-20 rule: every 20 minutes, take a 20-second break and look at something 20 feet away.Eat a Balanced Diet:Nutrition plays a crucial role in maintaining eye health. Incorporate foods rich in vitamins and antioxidants, such as leafy greens, colorful fruits and vegetables, fish high in omega-3 fatty acids, and nuts and seeds. These nutrients can help protect against age-related vision problems like macular degeneration and cataracts.Practice Good Eye Hygiene:Proper eye hygiene is essential for preventing eye infections and irritation. Wash your hands frequently, especially before touching your eyes or handling contact lenses. Follow your eye doctors recommendations for contact lens care, including proper cleaning, disinfecting, and storage.Stay Hydrated: Dehydration can contribute to dry eyes, so be sure to drink an adequate amount of water throughout the day. Aim for at least eight glasses of water daily to keep your eyes and body hydrated.Get Plenty of Sleep:Adequate sleep is crucial for overall health, including eye health. During sleep, your eyes receive much-needed rest and replenishment. Aim for 7-9 hours of quality sleep each night to help reduce eye fatigue and maintain optimal visual function.By incorporating these simple yet effective tips into your daily routine, you can help protect and preserve your precious eyesight for years to come.Your eyesight is irreplaceable, so take care of your eyes today for a brighter tomorrow!
Hello, I'm Chad Choate a dedicated financial advisor in Bradenton, FL, I began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals. As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that. Whether you're planning for retirement, saving for college for children or grandchildren or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service. But we're not alone. Thousands of people and advanced technology support from our office can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals. I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program. I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.
Hello, I'm Chad Choate a dedicated financial advisor in Bradenton, FL, I began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals. As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that. Whether you're planning for retirement, saving for college for children or grandchildren or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service. But we're not alone. Thousands of people and advanced technology support from our office can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals. I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program. I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.
Hello, I'm Chad Choate a dedicated financial advisor in Bradenton, FL, I began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals. As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that. Whether you're planning for retirement, saving for college for children or grandchildren or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service. But we're not alone. Thousands of people and advanced technology support from our office can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals. I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program. I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.