Smart Senior Planning 101

As we age “gracefully”, we think about everyone’s needs in our family and try to pay special attention to make sure that they are taken care of; but what about the person whom is the most important – yourself? As the adult, we are taught to care for our children for the rest of their lives. However, in reality, you need to look after yourself to be able to better provide for your children. Sadly, most of us choose not to think of what might happen to us as we age, but if you fail to plan, then you are planning on failing and leaving that burden on your family.
We must face the facts of life as we age. Our body sometimes seems to have a mind of its own and will do whatever it wants, for instance:

• We will undoubtedly get weaker in strength
• Our bodies might hurt more (Arthritis, Osteoporosis etc…)
• We can develop medical conditions (Diabetes, High blood pressure and so on…)
• We start to lose things (like our vision, bladder control and some even our minds)

Therefore, what can we do as responsible adults?

• Create a will to make sure your loved ones get what you would like to leave them
• Get a medical proxy – Someone that can make medical decisions on your behalf if you can no longer do this for yourself
• Get a financial proxy – Someone that can manage your financial affairs on your behalf if you can no longer do this for yourself

Get advice on how to pay for your medical needs if the need arises

o Long term care insurance

o Apply for Medicaid if you qualify

o Apply for Medicare if you qualify

o Get insurance that would cover most of your senior needs

o Get supplemental insurance that would cover other services not provided by your insurance

Other options for finding financing for medical care

o Consider a reverse mortgage if you qualify – it can provide a lump sum or a steady stream of income

The fun part of being old is that one gets to retire and enjoy the grandkids if possible or take that vacation you’ve always dreamt about. The problem is that one day you can slip, trip or fall and break something and you’d be surprise on how quickly one can go from a healthy senior to a debilitated senior. It’s these tough times that one must always plan and prepare for.

At First Care of New York we know the challenges that some families face when their loved ones are struck with illnesses such as: Alzheimer’s, arthritis, chronic obstructive pulmonary disease (COPD), etc. or are hurt due to accidents or falls. A lot of times these things happen suddenly like strokes or embolism, which can leave one severely disabled. It is during these times when you can call First Care of New York to care for yourself or your loved one. We can help you every step of the way from finding financing options to getting the right care you or your loved one may need. Our certified home health aides can assist with all activities of daily living such as: bathing, dressing, grooming, toileting, cooking, cleaning, laundry, run errands and even assist with going to doctor visits. Don’t let an accident or declining health become a burden on you or your entire family. We can help anywhere in The Bronx, Brooklyn, Queens and Manhattan and we also accept many forms of payment from Medicaid, Private Insurance, workers compensation, as well as private paying clients. If you would like more information, please feel free to give us a call at 718-364-7251 x9 or check out our website at http://www.1st-care.org/.