- Start Planning Early - Most of the difficulties
families face while dealing with elder care planning are due to an
unexpected health crisis. Careful planning is extremely difficult when
there are urgent health care needs to be met. Discuss your wishes and
develop a plan for the future when everyone is healthy and of sound mind.
Click here to read an excellent article from the Mayo Clinic about the benefits
of early planning. http://www.mayoclinic.com/health/long-term-care/HA00054
- Power of Attorney (POA) - A General Durable POA
can be an invaluable tool when you are no longer able to make important
financial and personal decisions. A POA grants an agent you select the
power to make those decisions for you. A POA cannot be legally executed if
the individual granting power is no longer mentally sound. It is vital to
have the document drafted and executed before issues arise. Also, make
sure you trust the individual you are granting power to under a POA. In
the wrong hands, a POA could allow an unprincipled agent to mismanage or
even steal assets. Read The 11 Things You MUST Know About a Power of
Attorney from LegalShield's newsletter by clicking here. http://www.legalshield.com/cp/newsletter/issue3_v2.html#Story3
- Medical POA - A medical or health care POA grants power
to an agent for medical decisions only. Discuss your medical wishes with
family members, your agent and doctors. Click here to read more about the
benefits of having a living will or medical POA. http://www.mayoclinic.com/health/living-wills/HA00014
- Execute a Will - One of the most important ways to
protect your assets and wishes is to execute a will. You may download a
copy of the LegalShield Will Questionnaire. The questionnaire
is very useful but can not be sent to the Famme Law firm unless
you are a member of LegalShield. If you want more information
on this service please contact Immanuel Insurance http://www.frammelaw.com/index.php?page=legal-forms
- Medicare - Costs for prescription drugs, medical
equipment and nursing home or in-home healthcare can be extremely expensive.
Medicare may offer assistance, but it is important to understand income
and asset limits as well as any other eligibility requirements. Planning
before a costly health crisis will help protect your assets and ensure
coverage. Visit the Medicare website to learn more about coverage, find
forms and determine eligibility. http://www.medicare.gov/
- Nursing Home Care - The decision to enter assisted living or nursing home care is a difficult one. There are many issues to consider such as quality of care, cost and distance from loved ones. Nursing home contracts may also be complicated. Have one of our attorneys review contracts before you sign them. They can review the contract with you and discuss the details. The National Clearinghouse for Long Term Care Information offers details on planning and paying for long-term care. Click here to visit their website. http://www.longtermcare.gov/LTC/Main_Site/index.aspx
Immanuel Insurance Agency, located in convenient Barrington, NH, has been helping clients in New Hampshire for over two decades. We represent many leading insurance companies and provide the service you deserve. Remember, "every policy we sell comes with an agent!"
6 Ways To Plan For Aging
Elder
care planning can be emotionally exhausting, especially when coupled with a
health crisis. Estate planning, Medicare and health care planning are complex
legal issues and involve a number of different laws and regulations that vary
from state to state. The following information offers a general overview of the
subject.
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