It’s all still pending, but the current administration recently proposed cutting Medicare by $845 billion over 10 years. This follows a 2018 proposal to cut Medicare by $550 billion. Could this affect your parents?
The truth is it’s highly unlikely any cuts of this nature will pass. Given that, there are things you should be doing to make sure your parents need for elderly care now or in the future don’t run into major hurdles.
Discuss Estate Planning as a Family
If you and your parents haven’t discussed estate planning measures yet, you need to. Someone your parents trust needs to be designated as a financial power of attorney. Your parents also need to pick someone to serve as a medical power of attorney.
They still have the power to make their own decisions regarding finances and healthcare, but if anything happens and they cannot speak for themselves, they have a representative to act on their behalf. That POA makes sure your parents’ wishes are met.
While naming a medical POA, your parents also need to create an advance directive. This is a legal form that tells doctors and a POA what your parents would want in terms of major medical decisions. Would they want to be kept alive on ventilators? Would they want a feeding tube? Would they want to be resuscitated?
Shift Talks to Elderly Care
Once medical and financial estate plans are in place, it’s time to hold a talk about future care needs. If your parents needed help, what would their ideal plan look like? Would they want to have to downsize to a smaller home first or stay in their home?
If your parents wanted to stay in their current home, would you need to make improvements to make the home ideal for changes in mobility and decrease the risk of a fall? If a wheelchair ever became necessary, is the home set up to allow one-level living at all?
You should also find out what your parents’ dream caregiving situation would look like. Would they want family caregivers or does the idea of relying on their grown children bother them?
Talk about the financial aspect of elderly care services. Do they have enough income to afford full-time caregivers or would they need to balance these services with assistance from family members and friends?
Once you have a better understanding of family goals, you can arrange a meeting with an elderly care agency. This gives you insight into pricing and services in your area. Call now to arrange an appointment.
If you or an aging loved one are considering Home Care Services in Naples, FL, call the caring staff at Dial-a-Nurse today. Naples: (239) 307-0033. Ft. Myers: (239) 307-0065.
In 1995 he became Administrator of Dial-a-Nurse nursing agency, the oldest nursing agency in the Southwest Florida succeeding his mother who started the company 37 years ago. He is also President of Nevco, Inc., an educational healthcare training company begun in 1988.
Mr. Wolfendale has worked with the U.S. Department of Commerce on various Missions to improve the quality of life around the world by development of supportive healthcare programs. In 2005 he traveled with U.S. officials and addressed the Italian National Government assisting in the creation of Nurse Education mandates for that Country. In 2006 he was invited and spoke with the National Institutes of Continuing Education in Eastern Europe on healthcare education and developmental mandates, and most recently represented the United States at the European Union in Lake Balaton, Hungary in 2011. In 2014 he traveled with the U.S. Department of State to Singapore, Malaysia and Vietnam in an effort to improve caregiver knowledge and training.
Mr. Wolfendale has worked with a number of non-profits in contributing and creating curriculum to improve the quality of life in third-world countries since 2001, and notably created a successful program in Odessa, India that has been modeled in other areas of the world. In his backyard, he has worked with local Goodwill Industries to provide curriculum and training to underserved individuals who have obtained employment as a result of educational training. He was the Congressional appointment to the Governor's purple ribbon task force in 2013, and has worked to educate caregivers in all aspects of Alzheimer's training.
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