Long Term Care Planning

What should a long-term care plan include?

What should a long-term care plan include?

In this article

— Last Updated May 27, 2022

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4 mins
Reviewed by
Eric Berkman

Guide What should a long-term care plan include?

— Last Updated May 27, 2022

Stephanie Wilson

Director of Operations


Reviewed by

Eric Berkman

The importance of long-term care planning is often overlooked until it is too late. You can mitigate most of your financial and emotional worries when you have a long-term care plan. Long-term care should be planned ahead of time. It can help you manage the changes in your life and keep you safe.

A care plan is an important first step in ensuring that a senior loved one or yourself receives the assistance required for your long-term care. But what should your care plan include?

What Is Long-Term Care?

Creating your care plan begins with understanding what long-term care is. Planning ahead for a variety of services, programs, and resources is important for meeting health and personal care needs for an extended period of time. In contrast to conventional medical care, long-term care services aim to keep you as independent as possible in your daily life, even if you become chronically ill or disabled.

You could need long-term care if:

  • You suffer from a long-term illness.
  • Become severely injured or disabled.
  • Memory loss or disorientation may result from a cognitive impairment.
  • Experiencing aging-related problems.

 In most cases, individuals prefer to stay in their own or a family member’s home for long-term care. Indicators of long-term care include assistance with activities of daily living (ADLs).

The daily activities included in this category include eating, bathing, dressing, using the restroom, transferring to and from a bed or chair, and caring for incontinence.

There is a possibility that requirements may change at any time. Some persons who have suffered serious injuries and have not yet been able to recover can seek long-term care as a stopgap measure. Others benefit from it as a means of protecting themselves from the effects of aging.

In the beginning, you might only need intermittent assistance with certain activities of daily living, so you decide to receive care at home. After some time, however, you may find that you need more consistent care and decide to relocate to an assisted living facility.

Long-term care encompasses a variety of services, including but not limited to:

  • Registered nurses and licensed therapists provide skilled care according to a plan of care prescribed by a healthcare practioner.
  • Personal care is primarily focused on daily living activities.
  • Caregiving may be given by trained medical professionals or by loved ones.

What is a care plan?

A care plan outlines the goals and procedures for providing care to a patient as agreed to by their doctor, nurse, or other medical staff. It specifies when and how your loved one will be cared for by a care provider. 

A comprehensive care plan should be created for the patient with the assistance of the patient’s family and caregivers. Care plans are defined as assessments of an individual’s medical and social service needs by the American Association of Retired Persons (AARP), followed by coordination of paid and unpaid assistance from family and friends to make it possible for individuals with disabilities to live independently.

What is included in a care plan

A comprehensive care plan must include the following components:

  • Medical history of a specific individual
  • A medical professional
  • Prescription medications
  • Emergency contact information, including names and phone numbers.

In care plans for the elderly, high-level medical interventions are discussed. The collection includes documents such as powers of attorney and last wills. This is something you need to be prepared for.

As well as deciding what type of care you or a loved one might need, you should consider how long-term care will be paid for. Long-term care costs are often underestimated, and future medical treatment costs will depend on your current financial situation and the type of care you require. Medicare only pays for short-term care, such as nursing home and hospital stays, but not long-term care.

However, there are ways to cover the cost of long-term care. There are many different ways to pay for long-term care, including retirement savings, investments, reverse mortgages, and long-term care insurance policies.

Traditional long-term care policy is often confused with long-term care planning. Because of this, people may skip further preparation when it comes to long-term financial planning, missing out on opportunities and long-term care benefits.

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Long-term care insurance pays for long-term care

There are many services for people with long-term care insurance that assists in covering the costs of care. Long-term care coverage includes paying for a variety of caregiving services, including nursing home care, residential care, adult day care, and in-home care. A nurse’s care, occupational therapy, speech therapy, and assistance with daily activities all fall in this category.

A long-term care insurance policy covers care for chronic conditions, disabilities, or accidents. In addition, it provides assistance to those who may need assistance due to the natural aging process. Long-term care insurance, however, is primarily intended to cover the costs of personal and custodial care and the ongoing long-term care expenses rather than medical treatment alone.


Is long-term care life insurance worth it?

The three primary types of long-term care insurance are traditional, hybrid, and life insurance with a long-term care rider. Each kind of protection has its advantages and disadvantages.

What are the three types of long-term care insurance?

It is a good investment to purchase long-term care insurance. In light of what you receive in return, it’s a great deal. Most Americans cannot afford the ever-increasing cost of long-term care, and to cover the cost, they will have to take money out of their savings or retirement accounts. Nevertheless, long-term care insurance will cover your expenses.

Is long-term insurance taxable?

Long-term care insurance benefits are considered taxable income, but you may be eligible for a tax exemption. However, it is essential to note that if your employer pays a portion of your long-term care insurance premiums, that amount must be included as income on your tax return.

Final Thoughts

A long-term care plan is not a one-time thing. Understanding your current situation and making thoughtful decisions now is the key to planning for the future. It is hard to think about what you may need in the future, but preparing for long-term care needs today could save you emotional and financial burdens down the road.

Stephanie Wilson


December 26, 2022

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