Caregiving is not like parenting although it may appear to be, as you provide your parents the type of care which you have caregiverreceived from them from the time you were born up to adulthood. The only difference is that they knew from the beginning that you will get older someday, have a stable job, get married, and live independently.
To promote better nursing home experience, the US Centers for Medicare and Medicaid Services (CMS) made reforms on long term care regulations and implemented the 2012 Nursing Homes Action Plan.
Insurance companies that market LTCI policies do not offer their products with fixed prices. They have to assess their potential clients individually because each person has a unique set of health care requirements.
Anyone who reaches the age of 65 should start being more conscious of his health. If possible, a licensed physician should regularly monitor him to avoid rapid fluctuation of his vital signs. Unfortunately, very few people aged 65 and over who are without long term care insurance (LTCI) coverage can afford the cost of care and so majority of them just wait for death.
It’s not easy to choose a policy that covers long term care. There are many things that you would have to review and choose. You would have to deeply consider the type of care and service that are covered and excluded in the policy, the maximum benefit amount etc.