At Magenta we know that this subject causes great concern among our clients and their families. Thanks to medical advances and healthier lifestyles, a growing number of us are enjoying longer lives.
Many of us in our fifties or sixties will have parents in their eighties and nineties who are still going strong. But in those later years of life, the chances are they may need help looking after themselves, in their own homes, or in residential care. Research from the public health journal The Lancet suggests that in the next 20 years, the number of people aged 85 and over who will need round-the-clock help with basic daily needs will nearly double. Of course, as anyone who has had to find long-term care for relatives will testify, fees do not come cheap. People often have to make rushed and difficult decisions about a loved one’s care needs – and how to fund them.
Planning and thinking about the various available options in advance could help you work out how to cover costs. Should you, or your parents need care in later life, ensuring you’re prepared for when difficult, and often emotional, decisions need to be made.
We have found this fantastic article that provides a comprehensive guide to all the available funding options and considerations. Click Here to access this. Of course long-term care is not all about money and at Magenta we recognise the importance of the significant life changes and sacrifices that have to be made in order for clients and their loved ones to be secure and happy.
If you would like to discuss any aspect of issues raised in the article, please do call us for a friendly chat.
We look forward to hearing from you.