Preparing for Medical and Family Emergencies
In most situations, seniors do not plan well for their own emergency health situations as they age. The perception is that Medicare will cover all their needs and that is just not correct. What happens next is the adult children or family members are in a situation of providing financial support and/or decision making responsibilities as their loved one's age and care needs increase.
I had the opportunity to interview a team of experts who discuss many of the areas of preparation which will save time, money and future stress. Listen to the interview on Elder Care Planning on "The Aging Boomers" radio show. In addition, US News & World Report has an informative article on this very subject matter called, Make Elder Care Part of Your Financial Plan.
I hope both the interview and article will shed some light on how important it is to plan for future health care needs.