Long-Term Care Costs a Top Concern for Older Americans
According to a recent survey conducted by University of Michigan researchers, U.S. residents ages 50 and older are more concerned with the costs of long-term care than about the cost of acute healthcare or health insurance. The researchers surveyed 3,626 older adults. When the survey team asked participants if they were worried about certain health-related concerns, the “cost of home care, assisted living, and nursing home care” ranked first among their anxieties. 56.3% of the survey participants said that they were very worried about long-term care.
Other issues that seniors were “very worried” about included:
- Cost of acute medical care: 56.2%
- Cost of prescription medications: 54.3%
- Cost of health insurance and Medicare: 52.1%
- Access to quality home care, assisted living, or nursing home care: 38.1%
According to the study publishers, they conducted the survey to understand which health-related concerns might have the most relevance to the 2024 elections. Meanwhile, the Biden Administration has communicated the need to improve the quality of nursing homes by increasing staffing levels.
The importance of a care management attorney
Care Management focuses on meeting the long-term healthcare needs of a senior citizen or a family member with a disability. The goal of a care management attorney is to establish a comprehensive care plan that harmonizes legal, financial, and community resources. In this way, we can ensure that your family member receives the medical care they deserve without running out of money.
Care Managers coordinate medical services and ensure proper care management. The Care Manager serves as a personal advocate for your family member. They focus on ensuring the delivery of medical services, monitoring healthcare activities, and stepping in when family members cannot provide care due to illness or other unforeseen circumstances.
Care Managers evaluate whether home care or a residential facility like assisted living or a nursing home would be the most suitable option. In addition, they can assist in making difficult decisions such as determining the right time to transition a loved one into a specialized care community.
How we can help
Our firm provides comprehensive estate planning to senior citizens who have ongoing healthcare needs. We help provide for the future by protecting your assets. The use of trusts to manage finances is a key area of practice for us. We focus on developing lifelong relationships with our clients and their families. As your loved one’s need for care management changes, we will be right there with you every step of the way.
Contact a Virginia Beach Care Management Attorney Today
When you work with the Law Office of Angela N. Manz, you’re working with an attorney who understands what you’re going through. Angela herself had to care for her grandparent with Alzheimer’s while simultaneously leading a busy professional life, working, and raising a family. Call our Virginia Beach estate planning lawyers today to schedule an appointment, and we can begin addressing your goals and concerns right away.
