nursing home medicaid planning

4 Questions to Answer When Facing a Healthcare Crisis

Most people don’t connect estate planning and healthcare issues. However, as people live longer and face the skyrocketing costs of aging in America, a new aspect of estate planning has emerged. We call it “Life Care Planning.” This type of planning addresses the type of care you may need toward the end of life and how to pay for that care.

It is difficult to face, but statistics tell us that 70% of people who reach the age of 70 will need some sort of long-term care (like a nursing home).

The need for long-term care can arise because of stroke, dementia or any number of serious health problems that develop as people age.

4 Questions Every Family Will Have to Answer When Faced With a Health Crisis for an Aging Loved One

When health problems crop up, you and your family will come face to face with the following questions:

  1. How do we pay for good care?
  2. How do we keep the peace in the family during this extremely stressful time?
  3. How do we protect our loved one’s (or our) life savings if the average cost of a nursing home in Central Illinois is $78,000 a year?
  4. How can we take maximum advantage of the help that is available to pay for good care?

Part of what we do in guiding families through this stressful time of life is to help answer these questions by creating a Good Care Roadmap. Our monthly workshop, “How to Protect Your House and Life Savings from the Nursing Home” is a great way to learn more about this crucial aspect of planning. Our next workshop will be held in our offices on Friday, March 9 at 3 pm. 

We also understand that timing is critical when families are facing serious transition points such as a cancer diagnosis, progressing dementia or a sudden stroke. If you or someone you love is in crisis because of a serious medical issue, we urge you to give our Benefit Coordinators, Melissa Coulter and Melina Carlesi, a call today at 217-726-9200. They guide families through this time of life on a daily basis. It’s all they do everyday!

We regularly hear from families who say they can’t imagine getting through this difficult time without the help of an experienced guide. It is one of our greatest pleasures to relieve stress and help get good care for loved ones who are aging!