If you're one of the many people who have taken an elderly parent into your home to care for, you know how hard it can be to make sure you are making all the right decisions. Finding insurance for all of their needs, especially when there is a very limited budget, is not an easy task. My mom has so many doctors visits, medications and tests performed in one month, that if she did not have medical insurance, we would not be able to afford even half of it.
But what do you do when it is time to look into long term care? It's not something one wants to even think about, but sometimes things can't stay the same. As much as I want to have my mother near me and know that she is okay, I don't know what the future may hold. I think a lot about moving out of the country or even moving to the East Coast, and if I did, my mom would probably not be able to go with me in her delicate condition. My mom could also have another stroke and need nursing care that is not fully covered by her current insurance. As awful as it is to think about that, you have to be prepared.
So what is long term care insurance? This is an insurance that helps to cover the cost of extended care if you are unable to care for yourself. There are so many factors you will have to take into consideration when looking into this type of insurance and it is very confusing and can also be very expensive. I'm not even sure if we are looking for in-home-care or nursing home care yet either. So I am taking things slow and just checking out all the options.
Right now thank goodness, my mom is okay and we have the time to really research long term care insurance. But it is definitely something that has to be put into place, for her quality of life and so that we don't have to stress about those high expenses that we can not cover without it.