Extended Care Planning
Extended Care Planning is often an overlooked component in retirement plans. At Sunstone, we find that many clients have a simplified or misinformed understanding of what extended care planning entails. It is not just a “nursing home plan” or an end-of-life care plan. It also doesn’t solely cover temporary at-home nursing or short-term care facility stays for recovery from accidents or surgeries.
An extended care plan is not a “nursing home plan”, nor is it an end-of-life care plan.
Extended care planning is about more than worst-case scenarios; it is a comprehensive strategy to protect and maximize the accumulated wealth, peace of mind, and happiness of you and your family. We help clients create flexible, thoughtful, and complete plans that safeguard the well-being of clients, their spouses, and their families.
Common Questions Clients Ask:
- What are the chances that my spouse or I will need to utilize an extended care plan?
- How can I ensure that I create a comprehensive extended care plan that covers all necessary aspects?
- At what stage in my life should I start creating this type of plan?
- What is the typical duration for which an extended care plan provides coverage?
- Who should be involved in the planning process for my extended care plan?
- Should spouses have identical plans, or should they be tailored to each individual's needs?
- How do extended care plans impact my or my partner's Social Security benefits?
- How often should I review and update my extended care plan, and when are the best times to do so?
