It can be difficult to think about placing your loved ones in long-term care. However, the senior caregivers at St. Charles Community note that making the necessary preparations early on will help ensure you can afford the proper care when the time comes. Serving residents throughout Covington, KY, the senior living community provides a wide range of quality services, including home healthcare and nursing care, as well as a stylish independent living apartment complex.

Below, the friendly senior caregivers share a few tips to help you plan for long-term care:

• Purchase Long-Term Care Insurance: While Medicaid and Medicare cover a small percentage of the expenses, it’s important to look for an insurance plan with comprehensive coverage. This precaution will help to keep the out-of-pocket costs to a minimum. It’s also a good idea to purchase these insurance plans as early as possible, as the prices increase with age.
• Create a Budget: After researching and considering the costs of long-term care, create a budget to give you an idea of how much money you’ll need to save. Make sure to keep the insurance premium you purchase in mind, as well as Medicare. Even if you don’t need to tap in on all your savings, it helps to have a safety net.
• Stick to a Schedule: Once you decide how much is in your budget to put aside, make a payment plan and stick to it. It also helps to open up a special account so once the money is deposited, you won’t be tempted to withdraw from it.

If you’re looking to hire a senior caregiver for your elderly loved one in Kentucky’s Kenton County, you can count on the team at St. Charles Community. Call (859) 331-3224 to discuss your needs with a caring staff member or visit their website for more information about their facilities and services.