“In a new world of caring for an aging parent, the leading expert in long-term care provides a three-step framework for having difficult discussions and preparing the options ahead of time that will work best for your parent(s) and family. You owe it to yourself and loved ones to read this book!” -Betty Meredith, CFA®, CFP®, CRC®
Experience is an excellent teacher—but it can be a harsh master. We are living longer, and aging takes its toll on our ability to remain totally independent. No matter how you define "family," you will find yourself in the role of caregiver, caring for a caregiver, or being cared for by a caregiver. Life doesn't stop while you're caught up in caring and juggling your own life. With no real training for this multi-faceted, multi-generational role, you must find a path that doesn't destroy relationships or create financial havoc.
Carroll S. Golden, CLU, ChFC, LTCP, CASL, FLMI, CLTC, LACP has devoted over two decades to the field of extended and long term care planning and is the Executive Director of NAIFALimited and Extended Care Planning Center. Executive positions with both advisor/agent distribution firms and corporate insurance carriers, interviews and client exchanges on radio and television, interactive virtual meetings, leadership roles at industry conferences and personal experience broadened her knowledge. Carroll’s passion to protect individuals and multigenerational families from psychological, health, and financial havoc resulted in her book, How Not To Tear Your Family Apart , a 3-Step resource for expanding consumers’ and professionals’ knowledge about the many different options available to help create a financially stable future for aging parents and friends.
According to WTW, a global advisory, brokering, and solutions company’s 2022 Emerging Trends in Health Care Survey, 73% of respondents said that their biggest challenge is delivering on their promises over the next two year due to increasing healthcare prices. Many employers will be relying on virtual care as a large piece of their “lowering healthcare cost plan.” Ninety-five percent indicated that by the end of 2023, they’ll be offering virtual care for medical and behavioral health issues with sixty-one percent expecting to offer lower cost sharing for virtual care. And 55% said they believe upping their virtual care game will help decrease costs in the long run, and another 50% think it’ll improve outcomes. Employers, employees, and retirees will need to prepare for this challenging and evolving delivery landscape. Will everyone embrace visual care as it becomes more mainstream. How will care recipient's prepare for these challenges and how will rising cost of health care affect care options? Simply put-everyone needs to create a financially stable plan to cover healthcare costs- now and in the future.
How Not To Tear Your Family Apart
Jodi sighs. “Between accidents, long-lasting illnesses, debilitating diseases, Alzheimer’s disease, and other forms of dementia increasing with the aging of the baby boomer population, it is safe to say that services and especially professional and supportive personnel for care needs are going to be pushed beyond the limit. While technology is racing to help with monitoring care, support nurses, doctors, and facility staff, help will probably be in short supply and expensive. And then, like Grandpa, some people find technology aids invasive, which can limit their effectiveness.”