Health is the most valuable asset any person has. Advanced care planning is as important as financial planning, but even more so for anyone with a chronic condition.
What happens when a caregiver all the sudden is the one needing care? Understanding the fundamental elements of a good caregiving plan creates stability for all those involved.
The majority of caregivers in the U.S. are unpaid. When they fail, the health of those they care for are put at risk. Planning ahead and measure caregiver health are vital tools to prevent collapse.
Long term care is not covered by Medicare. Costs for nursing homes, assisted living facilities and in-home care are very expensive. Financial planning ahead of crisis can mitigate some risk.