Long-term care: helping you navigate the journey

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Long-term care: helping you navigate the journey

Sitting on a beach and dreaming about your retirement may be fun, but you may be better served by first making a concrete plan for your long-term care. According to AARP,  7 million adults over the age of 65 are in need of help with everyday activities, and on average, 52 percent of all people who turn 65 today will develop a severe disability that will require long-term care insurance at some point in their lives. That cost is projected to average more than $140 thousand dollars a person.

Care managers for the elderly

When you have a need in your life, you will often hire a professional. If you have leaky pipes at your house, you hire a plumber. If you need a haircut, you will go to a barber or a stylist. If you want to buy stocks, you may decide to hire a financial analyst. In the case of aging, there are professionals available who are similar to coaches or allies, who can help guide you or a loved one through the aging process. This is what we do at Sage Care Management. We are certified  Aging Life Care Professionals™, also known as geriatric care managers.

We have extensive knowledge about the availability of services for the elderly, the costs, and the best fit for service. We advocate for your needs. And we adhere to a stringent code of ethics and standards for our industry.

When to start planning for your care

Financial experts recommend planning for long-term care as soon as possible. They say that long-term insurance may be a good investment to help you pay for your care, and that you should consider buying a policy when you are in your 50’s or 60’s. At this stage in your life, you’re likely to be relatively healthy and still working in a career where you can pay the monthly premiums to avoid a future of higher costs.

Type of care

For the majority of senior citizens, studies show that the first choice for long-term care is in their own home. The second choice is to relocate to an assisted living facility. A report by Genworth Financial  found that the cost of care is growing. In 2017, the average annual cost for home health care was $49,192. The cost for a private room in a nursing home was $97,455. It’s projected that by 2027, costs will jump to $66,110 for home health care and $130,971 for private care in a nursing home

“If you’re unsure of what type of care is best for your loved one, contact us at Sage Care Management. Our expertise is helping seniors and disabled adults in south Central Texas,” said Byron Cordes, President of Sage Care Management. “We will assess the specific needs of your loved one to choose the best plan for them and your family.”



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