Have You Planned For The Possibility Of Disability?

If you need to stay in a nursing home, who will pick up the bill? This important and stressful question is not one you want to consider in the wake of a serious medical condition.

When you’re scrambling to get your medical care in order and need urgent help, you don’t want to be limited by the financial aspect of getting proper care. But so many Americans overlook the possibility that they might end up in a care facility while they’re still young or otherwise healthy prior to an unexpected disability.

Most people don’t plan to get sick and especially those who are young and in relatively good health now, do not anticipate that a disability or serious illness could derail their overall health. However, it can be a big mistake to overlook the possibilities associated with a disability. If the recent pandemic has taught us anything, it’s that illnesses and accidents can happen at any time. Research backs this up as well. One in four 20 year olds will have some type of disability that lasts more than 90 days before they retire.

Planning ahead for the possibility of disability means thinking carefully about how you will support yourself financially during these times, the medical care available to you during your current plans or through a disability insurance policy, and the documents you’ve created to appoint other people to make decisions on your behalf, such as a power of attorney. If you find yourself in the situation of not having any power of attorney created, now is the perfect opportunity to meet with a qualified attorney to help you accomplish this.

A New Hampshire elder law attorney can help you plan ahead to answer some of these difficult questions now.