Whether you’re planning ahead for yourself or determining how to care for a relative, it’s important to know your options for long-term care. Caring for elders may revolve around curative medical procedures or may be focused on managing pain and creating a comfortable environment for patients. Either way, this type of care can become costly and impact your and your family’s financial well-being.
Long-term care costs vary by state and type of service; some options include assisted living facility, nursing home, home health aide and adult health day care. As you learn more about elder care, it’s helpful to consider what your priorities are in terms of your health, emotional well-being and financial situation. Understanding the types of care available and the methods for funding them is an important place to start.