Another major element of a care plan is affordability. To be sustainable, the plan must work with the current budget, but also with a future budget. Life events, such as unemployment, births, deaths, divorce, retirement, health issues, etc., all need to be considered.
In order to know what is feasible in terms of a general financial commitment, it is helpful, if not necessary, to get a grasp of the present-day costs for various care facilities and in-home services. Several major insurers and associations offer links to current cost-of-care studies and tools. These sites illustrate how the cost of care varies based on the care setting, geographic location, and level of care required. Although most people recognize the cost for health care continually increases, it is not unusual to experience sticker shock when you see actual and projected costs for extended or long-term care.
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