Long-term care can be affordable,
if you have a plan
A Roadmap for an Uncertain Future
You’ve done your best to map out the future, but when a loved one faces a health crisis – the road ahead swerves and you find yourself in unfamiliar country. Adding to the emotional stress of a life-altering diagnosis are the practical stresses of planning, and paying, for long term healthcare. Financial planning is a piece of that – but it’s just a start.
Navigating Many Influences
Changes in Health – The health of a senior with a diagnosis like dementia or ALS isn’t static – it changes. Just when you think you have decided on a course of action, a health event can happen and rewrite your future – again.
Family Dynamics – When it comes to caring for mom or dad, everyone has a role, and everyone has an opinion. It’s important that everyone is heard, but that’s not always easy.
Medical Uncertainty – Families struggling to make plans for long term care just don’t have the information they need. Medical uncertainty arises from a lack of definite information beyond diagnosis. How long will your loved one live? What kind of care will they need? This information is often impossible to medically predict, and rarely given out with certitude. It makes planning even more difficult.
Experts Everywhere – Most families have trusted advisors – friends, attorneys, financial planners and health care providers. When you begin to explore long-term care, you will also meet knowledgeable and helpful senior living professionals. All of these advisors have your best interests in mind, but may not have the expertise and experience to connect the gaps that exist between them. That’s where we come in.
Guides for the Journey
Our team has decades of experience working with families who have found themselves in the same difficult place where you stand now. While every family’s journey is unique – the landscape – of Medicaid, care settings, legal considerations, asset protection and investing – are all well known to us. We’ve learned how to help guide families like yours to a best care scenario – a plan to provide the best quality care you can afford, with details customized to your loved one’s unique needs.
How it works
The LCAP™ process is a proven and well-defined method. It takes place over the course of three meetings with our advisors, with calls between meetings as needed to complete the work.
Meeting 1: Define Reality
First we need to get a clear picture of your current reality – the details of your health, finance, family and living situations. We look for inputs from your family, caregivers and healthcare ecosystem. We’ll also dig deep into two formative questions that will provide the basis for the best care scenario: What are you most hopeful for? What are you most concerned about? The LCAP team will then build several scenarios based on the discovery process.
Meeting 2: Review Care Scenarios
Our second meeting is a collaborative review of the scenarios we create for you. These plans factor in different approaches to cash flow, investment, estate planning, risk tolerance and care choices. We’ll discuss the different scenarios, collect your feedback and refine the plan to address your concerns.
Meeting 3: Delivery of the Lifecare Affordability Plan
In our final meeting, we’ll deliver a concrete and actionable guide, in the form of a binder, which is designed to help you move forward with confidence. This tangible plan has built in event-triggered sensitivity, with contingencies to account for most likely scenarios and potential changes. This roadmap provides you with a single, agreed-upon document that allows everyone in the family to be on the same page.