28. Aging, Caregiving, and Family Dynamics with Bob Kane

“25% of the population are Baby Boomers, ranging from 60 to 80+. How prepared are we for the wave of caregiving that’s just beginning?”

Caregiving is a complex (and sensitive) topic for many families. Clients and members of our team find themselves navigating it presently as parents experience the challenges of aging. 

• What do our aging relatives want for their care preferences? 
• How will they fund it? 
• What steps should they be taking to get a plan in place?

These questions and more are the reason we are joined by Bob Kane, COO of Ameribest who supports families through at-home caregiving through the aging process.

In this episode, we explore Medicare and Medicaid roles in home care funding, the importance of planning for self-funding, and the rising costs associated with assisted living and continuous care retirement communities. 

We also discuss the benefits of hybrid insurance policies, how to find and vet reputable home care providers, and the challenges faced by the "sandwich generation"—those caring for both aging parents and young children.

Bob shares his expert advice on making informed decisions about long-term care and the necessity of open family discussions about these critical issues. We’ll also hear about innovative models like Ameribest's consumer-directed approach, where family members can receive training and compensation for caregiving.

Stay tuned as we provide you with the resources and knowledge to better navigate the intricate waters of elder care, ensuring the best possible outcomes for you and your loved ones.

KEY HIGHLIGHTS:

• Family leadership in navigating elder caregiving options
• The impact of financial planning on care quality
• The role of leadership in crisis moments
• Finding trustworthy support and vetted caregivers
• Challenges in rural care provision
• Utilizing long-term care insurance effectively
• Steering through complex insurance claims
• Essential traits of effective care leaders

KEY LINKS:

• Envizion More: http://www.EnvizionMore.com 
• Vizionary Wealth: http://www.VizionaryWealth.com 
• Our Facebook: https://www.facebook.com/VIZIONARYWEALTH 
• Wayne’s LinkedIn: https://www.linkedin.com/in/waynewagnerjr/ 
• Ameribest: https://www.ameribesthomecare.com/ 
• Bob’s LinkedIn: https://www.linkedin.com/in/rekane/ 
• Disclosures: http://www.VizionaryWealth.com 

Production & Marketing by Evergreen Financial Marketing, a specialized firm for financial advisors and RIAs: https://www.evergreenfm.com/