March 19, 2024

Episode 117: The Continuum of Long-Term Care Planning (Part 3)

51 minutes

In this episode, Alex and Wade discuss the continuum of long-term care, focusing on the different levels of care and the importance of planning for aging in place. They explain the distinction between skilled care and custodial care, and the role of geriatric care managers and care coordinators in navigating long-term care decisions. The hosts also highlight the concept of aging in place and the modifications that can be made to homes to support this. They touch on the potential use of reverse mortgages and the importance of ensuring the safety and comfort of individuals receiving long-term care. This conversation explores various aspects of aging in place and the different options available for seniors. The importance of creating a safe and accessible living environment is emphasized, including the use of smart home technology and wheelchair accessibility. The benefits of social interaction and the potential risks of social isolation are discussed. The conversation also touches on the role of adult daycare and community centers in providing care and support for seniors. Finally, the episodes concludes with a discussion on assisted living facilities and the considerations involved in choosing the right one. Listen now to learn more!

Takeaways

Understanding the continuum of long-term care is crucial for planning and making informed decisions.

Skilled care refers to medical intervention, while custodial care involves assistance with daily activities.

Geriatric care managers and care coordinators can provide valuable support in navigating long-term care decisions.

Aging in place is a growing movement that aims to enable individuals to stay in their homes and receive in-home care.

Modifications to the home, such as walk-in showers and single-floor living, can facilitate aging in place. Creating a safe and accessible living environment is crucial for aging in place.

Smart home technology can enhance safety and convenience for seniors.

Social interaction is important for maintaining cognitive function and overall well-being.

Adult daycare and community centers can provide support and stimulation for seniors.

Chapters

00:00 Introduction to Long-Term Care Continuum

06:02 Transitioning to Different Levels of Care

09:21 Skilled Care vs Custodial Care

11:46 Geriatric Care Managers and Care Coordinators

12:44 Home Care and Aging in Place

24:05 The Importance of Aging in Place

24:47 Reducing the Risk of Falls

25:08 The Benefits of Smart Homes

26:05 Wheelchair Accessibility and Levered Handles

27:09 Good Lighting and Low Cabinets

28:08 The Importance of Social Interaction

29:06 Adult Daycare and Community Centers

29:22 Reducing Hazards to Falling

30:14 Assisted Living Facilities

Links

The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/

This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

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By Wade Pfau & Alex Murguia

3.9

152152 ratings