Dealing With Expensive Long Term Care In Ohio

By Author: Suzanne Campbell
Total Articles: 36
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These days, Ohio long term care recipients are spending $19 per hour to receive assistance with their activities of daily living (ADL) from a home health aide. Those who are in assisted living facilities are spending $3,713 every month on average, while the families of nursing home residents are forking out $81,213 annually.

The overwhelming cost of care in Ohio is expected to go higher in the years to come, so are you ready?

Though the figures of LTC are upsetting, nothing good will result from ranting otherwise it would’ve been advised by elder care specialists many years ago. If you have been following the long term care (LTC) news closely, then you’ve probably heard these experts remind everybody time and time again to start planning their LTC needs as the cost of care will double by 2025 and increase fourfold sometime in 2030.

Just think of what that can do to your finances, health and family. The cost of care is not something that only affects one individual in the family, but everybody. If you do not have a definite LTC plan, you will surely depend on your family ...
... afterwards for all of your needs.

In the initial phase of your LTC you’ll probably ask your loved ones to assist you during mealtime and bath time, to guide you to and from a chair, the bed, or the bathroom, and to help you get dressed. In the long run, though, you will be financially dependent on them, too, because your LTC costs will inevitably dwindle down your nest egg.

By not planning your LTC you obviously have no problem with living like a leech. In fact, you consent to it.

Plan Your Ohio Long Term Care Responsibly

You can save more money by planning your future health care needs than by self-insuring. If you choose the latter, you’re likely to spend five figures each year.

Can your nest egg sustain three years of in-home care? What about five years in a nursing home? Of course, the answer is no. Nobody has enough money for care because inflation causes the rates of LTC facilities to go up constantly. So an LTC service that is currently priced $75,000 annually may cost $82,000 next year.

Earthquakes, tsunamis, snowstorm, and floods are unexpected events in life that are very difficult to plan. Long term care is not the same thing because it is definitely something that everybody can prepare for.

Everyone will age and some people will even develop geriatric diseases. All the things or activities which an individual can currently pull off in a split second will take him 10 minutes or so once his hair has turned gray and his bones have become too weak that he cannot manage to stand on his own anymore let alone use the bathroom without assistance.

Planning your Ohio long term care can make a very big difference as it will not only allow you to age with dignity, but shall also spare your family from potentially living an impoverished life.

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