Retirement brings a whole new set of considerations to our lives. It’s our third – and last – phase of life. In this article I’ll outline the sequential stages of our retirement years and the issues you should address – ideally, early in the first stage.
In the same year, MetLife found out the long term care coverage of a 52-year-old was $1,524 a year or $200 daily benefits paid for three years. Yes, the LTCi premiums could be expensive, but isn’t paying for all those costs on your own much expensive? Don’t be bold enough to say you won’t ever need this as well as your spouse or loved one does. You need to anticipate all the unexpected events to happen such as entering a nursing home in the future to keep yourself prepared of the trials that may put yourself and your family in peril. It’s not easy to accept this sad reality, but as technology becomes more advanced and long term care demand becomes extremely staggering, you are more likely to jeopardize your health and savings if you don’t plan ahead.
Most people react to a problem only when the problem surfaces. If a person waits to apply for long term care insurance until they are experiencing health problems, any long term care insurance plan may be prohibitively expensive or altogether unavailable.
So what can you do to keep yourself from experiencing american mercy home care burnout? There are several things that others have found helpful. Experiment and discover what helps make it easier for you.
Depending on your age, health and specific type of long term care coverage that you choose, it can be expensive and premiums can increase even after the policy is purchased. Many people simply cannot afford the cost of this insurance.
Nurses also have flexible schedules. Depending on your field and location of work, your schedule will have you work some days on and some days off. Or you can work in a practice where you work normal business hours. You have the power to decide when and where you want to work. Also, if you are able to travel to different cities, there are certain programs that allow you to travel and provide care in a different area then you are normally use to.
This last stage requires careful planning early in your retirement so the savings you still have are not squandered on healthcare costs and thereby lost as a legacy to your children.