Long-Term Care Insurance and Caregivers

Dane Petchul - Long-Term care Insurance Specialist

Dane A. Petchul

CLTC , LTCP

Nothing is more preventable than the swift and total financial devastation that comes from a long term care
stay.

Suze Orman
"In You've Earned It,
Don't Lose It."

Long Term Care Insurance Pros was able to insure me and my wife after previously being declined. We are so thankful that he is such an advocate for every individual and thoroughly knows all the carriers and plans available.

Toni & Mel H.

I was convinced that I should not buy Long-Term care insurance until I was in my 60's.LongTermCare InsurancePros showed me that I would actually pay less if I started at age 50". It was easy, only an application, a phone interview and I was approved.

Daniel F.

877-464-5824

A Guide For Caregivers

It's a big, complicated job, and somebody's got to do it. What you need to know to provide for your loved one.

By Joan Raymond

Newsweek

June 18, 2007 issue - Some 20 million boomers are caring for their families while trying to provide care for aging parents. Few know what they are getting into, says Donna Schempp, program director of the Family Caregiver Alliance, a San Francisco advocacy group. "Caregiving simply happens," says Schempp. "No one really chooses their caregiver. It's almost always a default decision based on who is available." Taking care of a parent can be tough. But there are some extraordinary resources available. The smartest approach is to plan ahead, recognizing that someday you will be a caregiver or someone will be caring for you. Here are some tips to help lighten the load.

Medical Issues
There will come a time when an adult child must make decisions regarding a parent's health care. To ease the way, there are two legal documents that experts say are vital. The first is a health-care proxy. This document, also called a health-care power of attorney, appoints a specific person to make all decisions regarding health care and end-of-life care, including refusal of treatment. The health-care proxy goes into effect when the attending physician determines that an individual is no longer able to make decisions on his or her own.
The second critical document is an advance directive, also known as a living will, which allows the person to state what kind of medical care he wants and which life-support procedures he doesn't want. "One of the greatest gifts an adult child can give to parents is to speak for them when they can't speak for themselves," says Kathy Brandt, vice president of the National Hospice and Palliative Care Organization. According to Brandt, advance directives can be powerful tools alone, but generally carry the most weight when combined with a health-care proxy. "It's kind of an insurance policy that your wishes will be carried out," she says.
It's very important for parents to talk about their spiritual beliefs and values, which may shape their decisions about the procedures they may or may not want at the end of life, says Brandt. One caveat: the laws governing advance directives vary from state to state, so it is important that they make sure their advance directives are state-specific.
Another type of advance directive is the Do Not Resuscitate order, or the DNR. Unlike the living will or health-care proxy documents, the patient does not prepare this document. The DNR is a request not to have cardiopulmonary resuscitation if the heart or breathing stops. Though it may be requested by a patient or by a health-care proxy, it is valid only if it is signed by a doctor. A DNR order will then be put into your medical chart. DNRs are accepted in all states.

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