How to find long term care for your parents.
Taking care of your parents is not an easy role. You have your family, your finances, and your career. Even if you are not directly providing the care can still lead to emotional and financial stress.
Some financial stressors of supporting your aging parents can include helping with medication, hospital costs, transportation, and many more expenses you may not prepare for. The costs can be very expensive and extremely stressful.
Some services that you may not financially be prepared to pay for but are basically necessary include:
- Home Health Aides
- Visiting Nurses
- Physical/Occupational Therapy
- Continuing Care Retirement Communities
- Assisted Living Facilities
- Nursing Homes
- Hospice Nursing Homes
- Residential Care Homes
Many parents want to live at home for as long as possible but will still require assistance. This can be overwhelming as of course you have a job and you have a family.
Your parents cared for you, now it is your turn to care for them. While the financial challenge may seem insurmountable, you may likely have options hiding in your parent’s assets.
Did you know that a life insurance policy is an asset? The transaction is known as a life settlement.
Contact us today to discuss qualifications.